Danish bioscience firm Chr. Hansen is raising its revenue predictions by 11-13 per cent for 2010/11 after what it describes as “strong growth” in its first quarter from the September 1, 2010 to the end of November.
French supplier Naturex is reaping the benefits of its December buy-out of the ingredients division of Spanish supplier Natraceutical with a record quarter net profit of €3.2m and €10.8m for the nine months to the end of September.
Naturex’s has indicated that the first six months of 2010 have brought strong revenue-growth as it set about integrating the ingredients division recently acquired from Natraceutical, but all its business arms contributed to the fine results.
Around US$30bn worth of investment is needed to “revolutionise” India’s food processing sector to boost the volume of processed products to 10 per cent of overall output by 2015, according to a new report.
Naturex has succeeded in its stated ambition to become the world’s biggest independent botanicals extracts supplier by striking a deal that brings on-board the ingredients division of Spanish company, Natraceutical.