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Industry News

  • Moody’s Outlook for Packaged Foods in 2017 is “Positive”

    Plant rationalization and short-term cost-cutting measures within the food industry will improve companies’ profitability and cash flow in 2017, according to projections on consumer products sectors published Dec. 14. by Moody’s Investors Service. The bond credit rating firm said the...

  • 2017 Load Cell Guide Available

    Rice Lake’s 2017 Load Cell Guide is a comprehensive source for new and replacement load cells in the weighing industry for virtually any weight-related operation. The Load Cell Guide is a one-stop guide for Rice Lake's full offering of load cells and weigh modules, dimensional...

  • First Wind Turbine in Saudi Arabia Delivered by Aramco and GE

    Representatives from Saudi Aramco’s Power Systems unit and General Electric (GE) held an event in Dhahran, Saudi Arabia to mark the delivery of the first wind turbine in the country, the government-owned petroleum company announced Dec. 18. Aramco described the delivery of the GE-built 2.75-...

  • New Leadership at Schutte-Buffalo

    Schutte-Buffalo Hammermill LLC, a NY-based manufacturer of a complete line of size reduction equipment and systems solutions, announces forthcoming leadership changes. Effective January 2, 2017, Christopher Berardi will assume the positions of president and general manager of Schutte-Buffalo...

  • Ingredion to Acquire Food Texture Systems Firm TIC Gums

    Ingredient solutions provider Ingredion Inc. entered into a stock purchase agreement to acquire TIC Gums Inc., a private American company that provides gum-based texturizer systems to the food and beverage industry, for $400 million, the Westchester, IL-based company announced Tuesday. “As a...

  • U.S. Specialty Chemicals Markets Gather Momentum

    The American Chemistry Council (ACC) reported that U.S. specialty chemicals market volumes rose 0.4 percent in November. This follows a revised 0.1 percent gain in October and a 0.2 percent gain in September. Volumes have generally been moving up since May. All changes in the data are reported...

  • ExxonMobil: Global Energy Demand to Grow by 25% by 2040

    Population growth and rising living standards in developing nations are expected to drive global energy demand up by 25% through 2040, according to a new ExxonMobil outlook report on global energy demand. Global energy demand for the industrial sector is projected to rise by 25% during the same...

  • Animal Feed Plants Erected in Indonesia by CJ Cheiljedang

    The largest food company in South Korea, CJ Cheiljedang Corp., announced Tuesday that two animal feed plants were recently completed in Indonesia, raising the company’s annual capacity to 2.8 million tons, according to a report Tuesday from South Korean news wire service Yonhap. A facility...

  • Tyson Announces $13.5M Kentucky Chicken Plant Expansion

    Tyson Foods Inc. subsidiary Tyson Chicken Inc. plans to initiate a $13.5 million expansion of a chicken processing plant in Robards, KY that will add 66 jobs to the site’s payrolls, Kentucky Governor Matt Bevin announced Tuesday in a press release, according to several local media reports....

  • AB Mauri North America Acquiring Specialty Blending Firm

    Yeast and bakery ingredient products and solutions provider AB Mauri North America formed an agreement with Flowers Foods Inc. to acquire the Thomasville, GA-based company’s subsidiary Specialty Blending Co. LLC, a bread and sweet goods mix manufacturer near Cedar Rapids, IA, Flowers Foods...