Interstate Bakeries: urged to exit chapter 11
Kansas City / MO. (beu) Two entities have filed limited objections to efforts by Interstate Bakeries Corporation (IBC) to extend its exclusive right to file a reorganization plan.
News for the baking industry
Kansas City / MO. (beu) Two entities have filed limited objections to efforts by Interstate Bakeries Corporation (IBC) to extend its exclusive right to file a reorganization plan.
Doha / QA. (tpq) The recent Cabinet decision to ensure flour and baked goods´ prices are kept at acceptable levels has been welcomed by people from all walks of life in Qatar, including those operating bakeries.
Kuala Lumpur / MY. (btm) Secret Recipe Cakes and Cafe Sdn Bhd was named the «International Franchisor of the Year 2007» at the Franchising + Licensing Association Singapore (FLA) Award.
Amsterdam / NL. (csm) PURAC is the global market leader in lactic acid, lactic acid derivatives and a subsidiary of the Dutch food group CSM NV. The unit now intends to restructure its operations.
Washington / DC. (paho) Experts on nutrition and public health are calling on leaders in the food industry to speed up the elimination of industrially produced trans fatty acids from the foods they produce and distribute and to become partners in promoting healthy diets throughout the Americas.
Mexico City / MX. (ato) First it was tortillas, then milk, and now Mexican bread prices are going up, corroborating the central bank´s persistent warnings about food prices threatening its inflation outlook.
Brussels / BE. (eu) European Union agriculture ministers this week approved the Commission´s proposal to set at zero percent the obligatory set-aside rate for autumn 2007 and spring 2008 sowings.
Brussels / BE. (eu) Mariann Fischer Boel, Commissioner for Agriculture and Rural Development, announced that she will propose the total suspension of cereal import duties for the current marketing year unless market conditions justify their reintroduction before that date.
Dublin / IE. (iaws) The Irish IAWS Group PLC warns that food price inflation would impact on the trading environment for all food companies. However, it expressed confidence that its move into the huge US market would help it to continue delivering above average growth.
Bolton / UK. (wbl) Family run baker´s Warburtons has officially opened its new ten-million-GBP factory in Newport. The Bolton based company has created more than 200 jobs at its latest plant and has invested more money into expanding its product line.