Turkey processor Butterball LLC, Garner, N.C., cited increasing costs for a decision to eliminate about 150 positions at its Huntsville, Ark., operation.
Southeast public refrigerated warehouse operator Nordic Cold Storage LLC, Atlanta, said it opened its 13th location, a 3 million-cubic-foot frozen distribution and import/export center in Wilmington, N.C.
Excluding beverages, the food industry still represents the biggest market for flavors and fragrances and it could post annual growth of 3.6 percent to sales of $1.9 billion in 2012.
Sales of functional foods - those fortified with naturally occurring ingredients that provide health benefits beyond basic nutrition - are projected to ring up annual compound growth of 7 percent each year through 2012.
Speaking at Tyson Foods’ annual shareholders meeting, interim President and CEO Leland Tollett said officials at this Springdale, Ark.-based company have a “sense of urgency” and remain committed to key growth strategies.
Addressing financial analysts on Tuesday, ConAgra Foods Inc. CEO Gary Rodkin unveiled several plans to support the company's retail frozen food division.
According to a recent study, 25 percent of food industry insiders believe that Rebiana-based sweeteners will have a significant impact on new product formulation.
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