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Industry News

  • Changes on Nestlé’s Executive Board

    Luis Cantarell, executive vice president and head of Zone EMENA, will take a well-deserved retirement on December 31, 2016 after a long and distinguished career of 40 years in the group. Since joining the Nestlé executive board in 2003, Cantarell led Zone Europe from 2005 and Zone Americas...

  • Study Finds Drivers of US Food Processing Machinery Market

    A new study by market research firm Technavio identifies growth in contract manufacturing, a push toward maintenance and operation optimization, and a need for streamlined machinery design and production processes as the biggest drivers for the U.S. food processing machinery market over the next...

  • ConAgra Completes Acquisition of Frontera and Red Fork

    ConAgra Foods Inc. announced Monday that its acquisition of the packaged foods businesses of Chicago-based Frontera Foods Inc. and Red Fork LLC – including Frontera, Red Fork, and Salpica brands – for undisclosed terms. “We are excited to add Fronterea, Red Fork, and Salpica...

  • BASF Debuts Antimicrobial Admixture for Concrete

    BASF’s Admixture Systems unit debuted a new product to protect concrete structures from corrosion caused by bacteria and micro-organisms on Monday. The German chemical corporation’s MasterLifeAMA 100 is mixed with concrete during the batching process to provide protection from...

  • Dow Launches First Pack Studios in North America

    The Dow Chemical Co.’s Packaging and Specialty Plastics (P&SP) business opened its first Pack Studios focused on laminating adhesive in North America, which is the company’s seventh Pack Studios location globally. This announcement follows the opening of Pack Studios Singapore...

  • Nestlé CEO Says Collective Action Needed to Fight Food Waste

    Food waste and loss costs the global economy $940 billion per year and generates around 8% of the world’s greenhouse gas emissions. It consumes around a quarter of the water used in agriculture each year. United Nations Sustainable Development Goal Target 12.3 aims to tackle the problem...

  • Nestlé Named World’s Most Diverse Food Company

    Nestlé has been recognized as the leading food and beverage company in the Thomson Reuters Diversity and Inclusion Index (D&I), for its efforts in creating a diverse and inclusive workplace. The index ranked Nestlé 15th overall out of more than 4000 publically traded...

  • Lanxess to Acquire Chemtura for $2 Billion

    Specialty chemicals company Lanxess announced plans to acquire U.S.-based Chemtura Corp., one of the major global providers of high-quality flame retardant and lubricant additives. With the largest acquisition in its history, Lanxess is building on its own additives portfolio and will become one of...

  • Manufacturers Face $80B in Compliance Costs Over Next Decade

    A new study by the National Association of Manufacturers (NAM) released Thursday estimates that American manufacturers will face $80 billion in regulatory compliance costs over the next decade. The organization places blame for the costs on President Barack Obama’s “destructive legacy...

  • PPG Divesting from PFG Fiber Glass Joint Ventures

    PPG Industries is turning over its ownership interests in two PFG Fiber Glass joint ventures to Nan Ya Plastics Corp., the Pittsburgh, PA-based company announced Thursday. Previously, PPG owned 50% of PFG, while Nan Ya held the remaining half. Financial terms of the transaction were not revealed....