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Food & Beverage

India, Germany to Sign Joint Agreement on Food Processing Sector

November 15, 2010
India’s Agriculture Minister Sharad Pawar and Food Processing Minister Subodh Kant Sahai will sign a joint declaration with German Agriculture Minister Ilse Aigner to further strengthen bilateral cooperation in the
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FDA Staff Report Says Glaxo, Human Genome Lupus Medicine May Not Be Safe

November 15, 2010
U.S. regulators weighing approval of the first new treatment for the autoimmune disorder lupus said GlaxoSmithKline and Human Genome Sciences Inc.’s experimental lupus drug Benlysta may not be safe, reports Bloomberg.
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Tyson Foods Biofuels Plant Passing Quality Tests

November 8, 2010
Tyson Foods Inc. said that diesel fuel from its first biofuels plant is passing quality tests, reports the Associated Press. The fuel plant makes biodiesel from animal fat and other
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Directors of Maple Leaf Foods Quit

November 1, 2010
Two directors of Maple Leaf Foods Inc. resigned from the board over a dispute about the company''s plan to restructure its operations, Canada''s food processor said, reports the Associated Press.
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Savient Fails to Find Buyer

October 25, 2010
Shares of Savient Pharmaceuticals lost about half their value after the company said its efforts to sell itself did not yield results. Some analysts had expected the company to sign
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Mexico''s Alfa Buying Three Eastman Chemical Plants

October 25, 2010
Reuters reports, Mexican conglomerate Alfa is buying three plants from Eastman Chemical Co for $600 million, boosting its presence in the U.S. plastics market. One of the Eastman plants being
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Pepsico to Invest $140 Million to Build Russian Beverage Plant

October 18, 2010
The Associated Press reports, PepsiCo Inc. will invest $140 million to build its 10th plant in Russia, a beverage plant in the Rostov region, the company said. The company, which
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Kraft European Executive Leaving Company

October 11, 2010
Kraft Foods Inc. said European executive Ignasi Ricou is leaving, the latest former Cadbury Plc official to depart since the food company’s $20 billion takeover of the U.K. confectioner, reports
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Kraft Opens New Candy Research Center in Europe

October 5, 2010
The Associated Press reports, Kraft Foods Inc. has opened its new gum and candy research center in Switzerland, where it will develop new products for top candy brands. The company
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US Chicken Industry to Appeal China''s New Tariffs

September 27, 2010
The Associated Press reports, a group representing the nation''s chicken exporters said U.S. producers did not sell their products at unfairly low prices in China and plans to appeal new
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