MWV lowers F&B profit expectations after maintenance issues
MeadWestvaco (MWV) Corporation has dropped the profit it expects from its Food and Beverage segment to between $45m-$50m after unanticipated costs and lower productivity.
Archives for June 17, 2013
Red Bull labeling gaffe leads to Japanese recall
Red Bull in 330ml PET bottles has reportedly been pulled off the shelves in Japan, due to use of incorrect Western-style date labeling on packaging.
Par-Pak fined $90k after worker injury
Par-Pak has been fined $90,000 by the Ministry of Labour (MoL) after a worker was caught in moving machinery and suffered a fractured bone.
Frutarom: ‘We want to expand our functional foods business’
Swiss-Israeli flavours and ingredients house Frutarom wants a greater slice of the global functional foods and drinks market with new investment and initiatives to tap markets like the Americas and Asia and the “sensitive” European market.
‘Stronger anti-monopoly laws’ could help craft brewers in Mexico: USDA report
US and native microbrewers could profit if Mexico’s antitrust regulator rules that controversial exclusivity deals, which benefit local giants Grupo Modelo and Cuauhtemoc Moctezuma, owned by AB InBev and Heineken respectively, are illegal.
Red Bull won’t give runners wings, small-scale study suggests
Red Bull energy shots failed to improve the time in which experienced runners completed a 5km run versus a placebo, according to a new, but small-scale US/Australian study claiming to be the first to examine the efficacy of shots rather than energy...