Investment

Corkers crisps are made on the farm in Ely, Cambridgeshire

Corking plans for Corkers expansion

By Rod Addy

Crisps brand Corkers is expanding its factory in Ely, Cambridgeshire, to enable it to produce up to 300,000 bags of crisps a day.

Renting automation kit could enable small firms to cut packaging costs

Rental service could be small firms' route to automation

By Paul Gander

For firms seeking to reduce labour costs and improve efficiency, packaging automation is a logical step. But with many smaller companies strapped for cash and starved of loans, could equipment rental prove to be the rational route to avoid capital expenditure?

The budget drew a mixed reception from the food industry

Food industry gives budget a mixed reception

By Mike Stones

Food industry organisations have given a mixed reception to chancellor George Osborne’s budget – praising the new employer allowance but criticising lack of help for smaller firms and the retention of VAT on hot foods.

Effective yield control is perceived as a valid case for capital investment

Get a new case for capital investment

By Rick Pendrous

Justifying capital expenditure (Capex) in today’s tough economic environment is probably more difficult than ever. For many food and drink manufacturers, many investment plans have been put on hold – apart from the most essential items.

Tesco is to review the future of its US business Fresh & Easy

Tesco to review US business Fresh & Easy as boss quits

By Mike Stones

Retail giant Tesco announced today (December 5) a review of its US enterprise Fresh & Easy and the departure of the business’ boss, Tim Mason, after years of disappointing financial results.

Sizzling demand but higher costs and currency factors are impacting Devro's financial performance

Devro reports rising demand, costs and adverse currency factors

By Mike Stones

Sausage skin manufacturer Devro reported strong demand for its collagen sausage castings, which were offset by rising costs and adverse currency factors, according to its latest interim management statement covering the period from July 1 to October 22.

Private equity firm CVC Capital Partners is reported to be preparing a bid for M&S

Marks & Spencer quiet on bid speculation

By John Wood and Mike Stones

Marks & Spencer (M&S) has refused to confirm or deny whether it had received expressions of interest from private equity firm CVC Capital Partners about acquiring its business.

Tesco will invest £1bn in improving its UK business

Tesco £1bn investment underway as UK sales fall

By Dan Colombini

Record profits from its overseas supermarkets have propped up tumbling British sales at retail giant Tesco as the firm revealed it will invest £1bn in improving UK stores and cutting prices.

Workers at the Cambuslang site will hold a series of strikes throughout April and May

Vion and Unite the union resolve pay row

By Dan Colombini and Freddie Dawson

 Last-minute negotiations between meat processing firm Vion and workers at its South Lanarkshire plant have led to the immediate cancellation of imminent industrial action in the row over pay and conditions at the site.

PepsiCo has confirmed a new £9.3M expansion of its Peterlee site

PepsiCo cuts mileage with £9.3M expansion

By Dan Colombini

Walkers Crisps manufacturer PepsiCo UK has revealed that it is set to cut about 400,000 miles from its annual road usage with a new £9.3M investment at its Peterlee warehouse and distribution centre.

Top food news stories from around the globe are supplied by FoodManufacture.co.uk's sister publications

World View: this week’s global food news

By Mike Stones

China’s booming food and drink sector, the prospects for frozen bakery in Eastern Europe and the vast potential of the US dairy products sector feature in this first global news roundup selected from FoodManufacture.co.uk’s sister online publications...

Loch Fyne Oysters acquired by Scottish Seafood

Loch Fyne Oysters acquired by Scottish Seafood

By Mike Stones

The acquisition of Argyll-based Loch Fyne Oysters by Scottish Seafood Investments (SSI) will bring significant new funding, which will allow the firm to crack fresh export markets, according to its new owners.

Premier Foods is set to cut 600 jobs as part of its cost reduction plan

Premier Foods to cut 600 jobs by 2013

By Dan Colombini

Premier Foods has confirmed that it plans to axe up to 600 jobs by 2013 following its latest trading statement for the period ending December 31.

Averdieck urged manufacturers to improve their production processes

Automation to survive the storm

By Rick Pendrous

Momentum is growing for greater capital investment by small and medium-sized food and drink manufacturers (SMEs) to improve their productivity. This is despite the harsh economic environment facing the sector and problems reported by some SMEs in obtaining...

Food and drink exports totalled £8.8bn during the first three quarters of this year; up 12% on the same period of last year

Food and drink manufacturers show 'resilience'

By Mike Stones

UK food and drink manufacturers have shown their resilience by launching more than 8,500 new products this year, despite the toughest economic trading conditions in decades, the latest Business Confidence Survey from the Food and Drink Federation (FDF)...

Can do man

Can do man

By Rod Addy

We serve the whole of Great Britain from here and will be looking at a significant uplift in our volume more than 20% to 51M cases next year. It will be the first time our output will have been above 50M cases. The plant will have the capability to produce...

Deal in the can: Baxters has acquired Fray Bentos from Princes for an undisclosed sum

Baxters buys Fray Bentos for ‘undisclosed’ sum

By Dan Colombini

Scottish food group Baxters has moved to secure a “strong foothold” in the canned meat market after completing a deal with Princes for the acquisition of the Fray Bentos brand.

Get the F factor

Get the F factor

By Anne Bruce

The fashion factor is one of the reasons investing in packaging machinery remains a priority for the supplier, even with margins under pressure. Take a bag of nuts, for example. One-minute standard pillow bags are all the rage. The next step will be that...

Blackstone Group realises Tangerine dream

Blackstone Group realises Tangerine dream

By Ben Bouckley

US private equity firm Blackstone Group has bought a majority stake in Blackpool-based Tangerine Confectionery, FoodManufacture.co.uk understands, while management has also reinvested in the firm.

All squeeze please

All squeeze please

By Rick Pendrous

Compared with the optimism expressed in last year's Food Manufacture state-of-the-industry survey, the mood today is far more subdued. This can probably be put down to a combination of factors that are putting the squeeze on Britain's food and...

Border Biscuits invests £2.5m in plant

Border Biscuits invests £2.5m in plant

By Ben Bouckley

Border Biscuits is investing a further £2.5 million to increase manufacturing capabilities and plant capacity over the next 18 months as the Scottish biscuit maker targets a 50% turnover increase over the next few years.

Buying Sharwoods would be Premier option, tycoon

Buying Sharwoods would be Premier option, tycoon

By Ben Bouckley and Anne Bruce

Premier Foods says it has not received an approach for its Sharwoods brand, after the owner of Veetee Food Group reportedly said he had secured financial backing to support a potential bid for it.

Whisky barrels

Diageo invests £105m in Cameronbridge distillery

By Rod Addy

Diageo has dramatically upped efficiency and production in parallel with a £105m investment programme at its Cameronbridge distillery, which makes leading Scotch whisky and white spirit brands.

Allied Bakeries invests in Burgen brand

Allied Bakeries invests in Burgen brand

By Ben Bouckley

Bakery and bakery product supplier Allied Bakeries is investing £200,000 in its healthy bread brand Burgen, following recent category sales growth.

Aimia installs new £1m pouch line

Aimia installs new £1m pouch line

By Rod Addy

Beverage manufacturer Aimia Foods has invested in a new pouch packing line to broaden the range of services it can offer foodservice, vending, leisure catering and retail consumers.

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