Quote, unquote: just-food's week in words
Organic and gluten-free firm Doves Farm has spotted the growth potential of the Middle East
This week Heinz teamed up with car maker Ford to explore ways to re-use tomato scraps. Interpol and Europol revealed they had made nearly 100 arrests in the crackdown on food fraud. Elsewhere, Fonterra was fined NZ$150,000 for delays in disclosing information related to the botulism scare. We analysed the progress of gluten-free in emerging market Brazil and, as part of our latest management briefing, just-food explored Nestle's venture in Vietnam. Here is the week in quotes.
"As part of a full and final settlement, we have acknowledged the Tribunal's views and agreed to make a payment of $150,000" - Fonterra group director governance and legal Mike Cronin says the firm has agreed to a settlement cost linked to the disclosure delay surrounding the Botulism scandal.
"We have seen demand for our products grow for a number of years now and our new facility will help us meet this demand and better serve the needs of our valued retail partners" - PepsiCo announces the opening of a third Simba manufacturing plant in South Africa.
"We're very concerned about water quality and its impact on the surrounding environment. Water is a critical natural resource and we work to protect it at all of our locations" - Tyson Foods has been named by the Missouri Department of Natural Resources for a water violation that apparently killed a large number of fish and polluted Clear Creek between Monett and Pierce City.
"Although we are in the very early stages of research, and many questions remain, we are excited about the possibilities this could produce for both Heinz and Ford, and the advancement of sustainable 100% plant-based plastics" - Heinz and Ford announce they are joining heads to come up with a suitable solution to turn tomato waste into plastic for vehicles.
"The UK will continue to share its expertise in the international fight against fake food and work with our partners to bring these unscrupulous criminal gangs to justice" - A joint operation by Interpol and Europol has resulted in almost 100 arrests as the authorities continue their crackdown on food fraud.
"Our brand trademarks are among our most important and valuable assets. We have a responsibility to protect them no matter where or how those marks are being misused" - Hershey slams the "improper" use of its branding by Senator Stephen Hershey Jr in his campaign materials.
"The Middle East is the next big market. It is very up and coming and everyone has realised that it his is the next trend in food and wants to be part of it" - Doves Farm national account executive Samie Hilali points out the UK gluten free and organic firm is eyeing the Middle East for expansion opportunities.
"The increasing investment over years, especially in production capability has helped us to meet the growing demand of consumers, both for local consumption and for export" - Nestle Vietnam MD Rashid Aleem Qureshi says the firm's commitment in the country has helped it succeed.
"If everything says gluten-free, how do you make your product stand out?" - asks David Turner, global food and drink analyst at Mintel, of Brazil, a country that has been touted as a potentially strong market for gluten free.
"This churlish action by Woolworths is not in the national interest given that both industry and the Australian government have identified expanding export markets as a crucial priority for the future growth of our industry" - Ausveg CEO Richard Mulcahy lashes out at Woolworths after it backs out of an arrangement to show potential export customers around its distribution facility this week.
Sectors: Advertising & labelling, Baby food, Bakery, Canned food, Cereal, Chilled foods, Commodities & ingredients, Condiments, dressings & sauces, Confectionery, Dairy, Dried foods, Emerging markets, Financials, Food safety, Fresh produce, Frozen, Health & wellness, Ice cream, Meat & poultry, Mergers & acquisitions, Multichannel, Natural & organic, NPD & innovation, Private label, Retail, Seafood, Snacks, Sustainability & the environment, World foods
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Hershey will benefit from strong value growth in the United States, which is the company’s central focus. Whilst a justified criticism would be that there is too much reliance on the US, there have be...
Fonterra Brands (NZ) is owned by Fonterra Co-operative Group, the world’s largest milk processor and dairy producer. Fonterra Brands (NZ)’s vision is to provide natural sources of dairy nutrition for ...
Fonterra is ranked in the top 21 among dairy players. However, this is due for the most part to its strong presence in Australasia. The company is looking to diversify, investing in a China-based dair...
- ConAgra Foods: what could happen next? - analysis
- Why Mars rice plan not just crop-ticking exercise
- Greencore's food-to-go focus paying dividends
- Interview: Ritter sees growth potential in US, EU
- How Danone aims to meet its 2020 objectives
- Hovis plans cuts amid anxiety over UK bread demand
- Aryzta regional CEO steps down
- Maple Leaf Foods to cut over 400 jobs
- "Serious" suitors lined up for Chicken of The Sea
- Unilever sets 2030 carbon positive goal