Switzerland's Lonza group has confirmed its commitment to the
construction of a major new production facility in the town of Visp
with the announcement of a SFr100 million (€68.4m) investment in a
biopharmaceuticals manufacturing...
Swiss pharmaceutical giant Roche has said that several potential
bidders have come forward for its vitamins and fine chemicals
business which the company is looking to sell later this year.
Exceptional costs relating to a delay in the completion of new
production facilities pushed Galaxy Nutritional Foods into the red
in fiscal 2002, but a turnaround is expected this year.
Shareholders in Forbes Medi-Tech approve a resolution allowing the
company to issue up to 25 per cent of its shares in order to raise
cash for future expansion.
Vital Living sucessfully completes private placement, raising more
than $3m, but Herbalife finds there is little interest in its bond
issue from European investors.
Neptune Technologies & Bioressources of Canada has said it will
reach profitability next year thanks to the first order for its
marine oil extracted from krill sold under the brand name NKO.
Zila, an international provider of healthcare and biotechnology
products and services for dental/medical professionals and
consumers, said that higher sales in its third quarter had helped
it to reduce its net losses during the same...
Specialty chemicals company Cognis said it had maintained its
market position in 2001 despite difficult trading conditions and
the sale of the company in November.
Shareholders in Medifast, a US-based soy products manufacturer,
were told at the company's AGM last week that the first five months
of the year had been extremely successful, helped by the launch of
the new diabetic product.
Manufacturer of microalgae products Martek Biosciences has reported
revenues of $11.4 million (€12.2m) for the second quarter of 2002,
a three-fold increase since the same period of 2001. The results
were attributed to strong sales...
Dutch ingredients company CSM is in discussions with starch
producer Avebe about the possible acquisition of its subsidiary
Glucona. The business makes gluconic acid derivatives, used as
calcium and mineral enrichers.
US research and development company Burcon NutraScience has closed
the final tranche of its private placement of 1,8million units,
raising gross proceeds of $3.33 million (€3.53m) to be used in
engineering development and speeding...
Procter & Gamble has filed a lawsuit against former partner
Coca-Cola to stop the Minute Maid unit from using its technology
for calcium-enriched orange juice.
Strong phytosterol sales in the first quarter for Canadian company
Forbes Medi-Tech doubles first quarter revenues from last year. The
company reported revenue of C$2.4 billion (€1.6bn), up from C$1.2
billion in the comparable period...
Naturade, the US group which makes the Total Soy range of soy
protein products, saw its first quarter sales fall by 18 per cent
to $3.5 million (€3.8m), the first decline in sales for the company
in two years.
US whole-foods nutrition company Whole Living announced this week
that it has entered into a definitive agreement to acquire Vestrio,
an educational company that uses network marketing to offer a suite
of proprietary stock analysis...
Spanish fatty acids company Brudy said it has launched a
concentrated arachidonic acid from fish oil which will be available
to infant formula manufacturers from June 2002.
Lifeway Foods, the US functional foods maker, has announced a boost
in net income of 36 per cent for the first quarter ended 31 March
2002 to $447,558 or $.10 per share versus a net income of $328,713
or $.08 in 2001.
Baywood International, a US nutraceutical company specialising in
the development of its own brands, announced a 67 per cent increase
in revenue for the first quarter ended 31 March, up to $744,771
from $446,901 in the same period...
The RiceX Company, the US producer of nutrient-dense stabilised
rice bran, has posted a 20 per cent increase in first quarter
sales, in turn boosting profits by more than 400 per cent.
Third quarter profits at natural and organic food group Hain
Celestial rose by an impressive 21 per cent to $5.1 million on
sales up by the same amount to $105.6 million.
Dragoco India, a unit of German food ingredients and flavours group
Dragoco, has inaugurated its new production facility in
Semmanchery, near Chennai (Madras).
Reliv International, the international manufacturer and network
marketer of nutritional supplements, has confirmed that its first
quarter sales reached $14.5 million (€15.8m) cent, a 3 per cent
increase, helped by strong network marketing...
Nutraceutical International Corporation, the dietary supplement
manufacturer, has reported a slight rise in second quarter sales
and profits. Net revenues were $27.6 million (€30m), up from $27.0
million a year earlier, while net...
First quarter profits at natural and organic food retailer Wild
Oats Markets reached $668,000 (€729,332) on sales of $233.0
million, up 6.2 per cent compared to the previous year. In the
first quarter of 2001, the company posted losses...
A 28 per cent drop in first quarter net profits has prompted Dutch
nutritional foods and vitamins producer Numico to warn that full
year results for 2002 will not reach the same levels as 2001,
surprising most analysts who had predicted...
The controversial debate surrounding the supposed health benefits
of organic food took a new twist last week with the publication of
a comprehensive review of international studies in New Zealand. The
report found that there were...
Sabinsa, the producer of botanical extracts, has completed the
construction of a new supercritical CO2 extraction facility at
Bangalore, India. The plant belongs to Sabinsa's SAMI Labs
manufacturing subsidiary.
Two new products from Fighting Weight Nutritionals are designed to
help individuals who want to lose weight but who are concerned
about the potential adverse effects of the stimulants that many
such products contain.
Californian group Spectrum Organic Products has sold its organic
ingredients division to a company called Acirca for an undisclosed
sum. Spectrum will now focus on its core nutritional supplements
and edible oils businesses.
Natural Alternatives International (NAI), the US-based formulator
and manufacturer of customised nutritional supplements, has
reported net profits of $759,000 (€839,711) for the third quarter
of its fiscal year, a considerable improvement...
A new energy drink from Sweden has been launched in the US with the
aim of attracting female drinkers keen to reduce their wrinkles.
The US launch of the drink, which is called Sankt Olav, is being
handled by Beverage Marketing USA,...
Anglo-Dutch consumer goods giant Unilever is planning to sell its
Loders Croklaan unit which produces nutritional products such as
omega 3 fish oils, CLA and GLA.
A 50 per cent rise in monthly sales of phytosterols helped Canadian
firm Forbes-Medi-Tech register a strong end to its financial year.
But the coming year looks set to be difficult, with delays in the
approval procedure meaning that...
Nutra Pharma, the US company which develops proprietary
technologies for the manufacture of complex medicinal botanical
extracts, has signed a letter of intent to Bio Therapeutics, a drug
delivery platform producer.
Medifast, the producer of weight loss products, has reported first
quarter sales up 33 per cent to $1.7 million (€1.87m) from $1.3
million a year earlier.
