French Senate rejects palm oil tax
The French Senate rejected its so-called ‘Nutella tax’ on Thursday, which aimed to quadruple the tax on palm oil, a key ingredient in the hazelnut-chocolate spread.
Archives for November 16, 2012
Graphic Packaging CEO: “Deal takes us into new end markets”
Graphic Packaging has agreed to acquire the European Food Carton Business of Contego for £71m to expand into new end markets.
Hostess Brands throws in the towel: Strikes cause full business closure
Twinkies and Wonder Bread maker Hostess Brands has today filed a motion with the US Bankruptcy Court for permission to close the business and sell all assets.
Price-conscious Portuguese moving to private label chocolate, says Imperial CEO
Consumers in Portugal are turning their backs on branded chocolates in favor of supermarket brands as the domestic economy bites, according to the CEO of Portuguese confectioner Imperial-Produtos Alimentares.
Tangerine closes UK factory with 75 jobs cut
UK firm Tangerine Confectionery has closed its factory in Poole, Dorset, UK, in a bid to improve operating efficiency.
Cloetta feels pinch in several EU markets
Sweden’s leading confectioner Cloetta has posted falling profits in the third quarter (Q3) as it struggled in several EU markets and was hit by higher raw material prices and restructuring costs from its Leaf merger.
Gelatine price increases continue at Rousselot
Rousselot has said it plans to increase gelatine prices 7% up to low double digit levels for 2013 as continued growth in demand has not been met by raw material supply.