California is, in its own words, "facing one of the most severe droughts on record" and food and beverage companies are under scrutiny. The...
With an increasingly affluent population of more than 1.36bn mouths to feed the potential offered by China's food sector is immense. But the...
| 6 Jan 2014
M&A levels remained relatively subdued in 2013. Growing private-equity interest and something of a shift in capital flows to mature markets have been significant trends shaping the M&A landscape. While gaining routes-to-market in emerging economies has remained key for strategic buyers. Katy Askew examines some of the stand-out deals of the past 12 months.
| 29 Nov 2013
With an increasingly affluent population of more than 1.36bn mouths to feed the potential offered by China's food sector is immense. But the size of the opportunity does not, in itself, guarantee success. Competition is fierce as multinational food groups and local players alike look to grow their share of this vast pie. Katy Askew examines the competitive dynamics of the Chinese food sector.
| 9 Sep 2013
The choice of Delhaize's new CEO failed to cheer the market last week as investors reacted coolly to the news. The potential takeover of Smithfield Foods, the world's largest pork processor, has also not won over all shareholders, with one claiming to have received rival interest.
| 10 Jun 2013
A quiet week for financial updates as results season winds down, with Diamond Foods, Sainsbury's and Smithfield preparing to issue updates. Trade shows will see food companies setting out their wares in various continents from North America to Africa.
| 15 Jul 2013
As the Chinese government moves to step up regulation of the country's food industry, China's domestic brands are developing a for-profit food safety model that aims to restore battered consumer confidence in the quality and reliability of the country's foodstuffs, according to Rick Gilmore, chairman of the Global Food Safety Forum (GFSF). David Green caught up with Gilmore in Beijing to find out more.
| 30 Apr 2010
Being responsible for championing the sustainability strategy of one of the largest meat processors in the world may appear to many an unenviable task. But Dennis Treacy, recently named senior vice president of corporate affairs and chief sustainability officer at Smithfield Foods, relishes the challenge and believes the company has a good story to tell. He spoke with Ben Cooper about his appointment, the company’s achievements to date and future goals.
| 27 May 2015
Smithfield Foods has announced the construction of a new pork sausage plant in Sampson County, North Carolina.
| 10 Apr 2015
US ice cream maker Blue Bell Creameries this week expanded its product recall as it reacts to a listeria outbreak linked to three deaths. In Europe, Dutch horsemeat trader Willy Selten was sentenced to a jail term. And China has filed a dispute at the WTO over the EU's tariffs on poultry products.
| 9 Apr 2015
Smithfield Foods is investing US$9m to expand production of its Curly's brand, which includes pre-cooked BBQ products such as pulled pork, beef and chicken.
| 7 Apr 2015
Smithfield Foods has started building a bacon slicing plant in Wisconsin as part of the US meat group's plans to grow its packaged meats business.
| 25 Mar 2015
US pork processor Smithfield Foods has reported a jump in annual profits, as sales growth across all of its divisions offset higher raw material costs.
| 19 Mar 2015
Romania has secured for the first time the green light from China to ship frozen pork imports to the country.
| 16 Feb 2015
Smithfield Foods has announced a restructuring of its organisation, a move that will see the US-based meats group managed across four divisions.
| 18 Nov 2014
US pork processor Smithfield Foods has launched a "premium" range of products it hopes will meet consumer demand for "higher quality" options.
| 7 Nov 2014
Smithfield Foods, the US pork producer owned by China's WH Group, reported a leap in third-quarter earnings on higher meat prices and increased packaged sales.
| 8 Oct 2014
US food maker Smithfield Foods has teamed up with French's mustard owner Reckitt Benckiser to launch a range of chilled hot dogs in the UK.
| 1 Sep 2014
Chinese pork processor WH Group booked a surge in earnings in its first set of interim results as a listed company, boosted by last year's acquisition of US pork giant Smithfield Foods.
| 12 Aug 2014
US pork processor Smithfield Foods has reported higher half-year profits, pointing to demand at home and abroad.
| 15 Jul 2014
WH Group, the world's largest pork processor, has relaunched plans for a listing in Hong Kong.
| 23 Jun 2014
This week shares dipped in both Premier Foods and ConAgra Foods after the firms said they were likely to miss earnings forecasts for their respective quarters. Elsewhere, PepsiCo and Mondelez both showed their commitment to R&D through the opening of new facilities. Danone debuted its desserts range in the US, but in the UK was in hot water with the advertising watchdog who claimed its Nutricia Growing Up Milk ad implied the health of kids that didn't consume the product would suffer. Here is the week in quotes
| 19 Jun 2014
A Smithfield Foods plant in the US is due to re-open tomorrow (20 June) after a burst hot water tank injured two staff and forced its closure for three days.
| 30 May 2014
Smithfield Foods has expanded its offering under the Kretschmar Premium Deli Meats & Cheeses brand with the introduction of Kretschmar Master's Cut.
| 19 May 2014
US pork processor Smithfield Foods has revealed it will build four meat processing plants in China.
| 29 Apr 2014
Chinese pork processor WH Group has abandoned plans to list in Hong Kong, citing poor market conditions and volatility.
| 17 Apr 2014
Tesco was in the spotlight this week after the publication of its annual results confirmed what a challenging year the UK's largest retailer endured. Another UK grocer under scrutiny is The Co-operative Group, which reported banking-induced losses, but revealed it is re-sizing its food retail estate to give it more focus. Elsewhere, China's WH Group, of which Smithfield Foods is now a part, announced plans to list in Hong Kong and US group Post Holdings made another M&A move, with a deal to buy egg-to-dairy supplier Michael Foods.
| 15 Apr 2014
WH Group, the world's largest pork producer, has announced plans to list in Hong Kong in an initial public offering that could raise more than HK$42bn (US$5.3bn).
| 31 Mar 2014
WH Group, formerly Shuanghui International, has declined to comment on reports it is preparing to list in Hong Kong.
| 18 Mar 2014
Smithfield Foods has reportedly been forced to suspend hog slaughter at a North Carolina facility due to an outbreak of Porcine Epidemic Diarrhea virus at the site as the disease continues to sweep the US swine herd.
| 9 Jun 2014
Western Australia is strengthening its ties to China via the food industry.
| 16 Sep 2013
A second firm of advisors to investors has said shareholders in Smithfield Foods, the world's largest pork processor, should accept the $7.1bn takeover bid from China's Shuanghui International.
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