Dutch life sciences giant, DSM, is feeling the effects of the recession with profits sliding 76 per cent, but its Nutrition division has bucked the trend to be the only section of the company to record improved sales over the second quarter.
The global economic crisis will yield rich pickings for food firms with a strong capital structure. So believes Frutarom, which has reported another quarter of impressive growth figures on the back of its most recent acquisitions splurge.
Operation Phoenix, the restructuring programme introduced earlier
this year by Dutch wellness foods group Wessanen, is already
bearing fruit, with the company last week announcing
better-than-expected third quarter figures. But the...
Sales have continued to slide at German chemicals firm Degussa
during 2003 and lower volumes continue to drag down food
ingredients business. A one-off charge to restructure the fine
chemcials unit impacts profits.