Articles

Id	Title	Subtitle	Content	Active	Archived	Category	User	Created	Modified	Actiuni
Id	Title	Subtitle	Content	Active	Archived	Category	User	Created	Modified	Actiuni
1037	VIDEO - "The Middle East region is exciting for our members"		<p>US beef exports to Saudi Arabia are back again after a suspension that was imposed between 2012-2016 due to a confirmation of a BSE case in California. For the last two years, US suppliers have struggled to re-enter this market.</p> <p>An event was hosted by the US Meat Export Federation (USMEF) and the US embassy in Riyadh to mark this moment. More than 100 importers, foodservice operators, chefs and retailers attended the “U.S. Beef Kickoff” event.</p> <p>The event proved to be very successful, underscoring the high level of interest in U.S. beef following the lifting of the recent BSE-related ban. It was not only a celebration, it was also a perfect venue for educating our guests about the excellent quality of U.S. beef and the many ways it can be featured on restaurant menus and in foodservice applications", said Eliane Elia, USMEF representative in the Middle East.</p> <p>The importance of the Saudi market for the American beef industry was underlined by the president of USMEF, Dan Halstrom, who declared"for EuroMeatNews that the industry has to rebuild this market for US beef.</p> <p>"We have the very high-end US grain fed beef and also products from the middle sector, like casual and fast casual dining for our costumers here. Egipt is also a big destination market for some variety meat, like livers, and the growth prospect and the potential in this part of the world are very exciting for our members. <br />A really exciting country that we just regained access last year is Saudi Arabia. We've been out of there a while for various reasons. I would say that Saudi Arabi is probably one of our primary focuses to re-establish the presence of US beef in 2018", declared Dan Halstrom, president and CEO at US Meat Export Federation, in an interview for EuroMeatNews.</p> <p>Other markets that are now growing are in South and Central America but also South Africa and West Africa mentioned Halstrom during the interview.</p>	1		Market		2018-04-02 12:07:02	2025-08-06 05:33:20	Details Edit Delete
1038	Miratorg to invest $5 million in expanding its pork production capacity	Russia's largest pork producer Miratorg plans to invest 284 million rubles ($4.95 million) in the expansion of the meat production capacity at its meat processing plant SK Korocha, according to the company's latest statement.	<p>Miratorg wants to produce more than 86,000 tons of products in consumer packaging in 2018, which is 7.5% more than in the previous year.</p> <p>In 2017, the Russian company delivered more than 341,000 tons of pork products to the domestic market, including about 60,000 tons of consumer products.</p> <p>The company's pig division currently operates at full capacity, processing more than 3.4 million pigs per year. SK Korocha, the largest high-tech meat processing enterprise in Russia, is equipped with 18 high-speed automated production lines in consumer packaging: minced meat, cutlets, steaks, sausages, shish kebab, products in marinades and spices, as well as ravioli and khinkali. The enterprise produces a variety of more than 200 items.</p> <p>"Production growth is possible only with the guarantee of the highest quality - therefore, investments are allocated not only to the expansion of production and new lines, but also to the quality control system, " Miratorg's statement read.</p>	1		Industry		2018-04-02 11:56:20	2025-08-06 01:45:53	Details Edit Delete
1039	Poultry consumption expected to increase in China	China's broiler production is expected to increase by 700,000 mt to 11.7 million mt this year due to returning consumer demand, according to the latest report from USDA's Foreign Agricultural Service (FAS).	<p>Analysts at USDA expect China's production to increase based on a rise in demand for poultry among the Chinese population. Demand for poultry meat and products plummeted after China recorded its worst H7N9 avian influenza (AI) virus outbreak in the fall of 2016, which continued into the summer of 2017.</p> <p>In July 2017, China’s Ministry of Agriculture began an intensive H7 vaccination campaign. During the flu season (October 2017 to present), China only recorded three human illnesses due to avian influenza. The Chinese Ministry estimates that out of all China’s commercial poultry flocks, over 80% have been vaccinated against H7N9.</p> <p>USDA's report says that consumption is forecasted to increase by 1% in 2018 to 11.56 mt. Analysts explain that the growth is based on a growing Chinese population, recovering from consumer concerns about the safety of<br />domestic poultry. Overall, China's broiler meat consumption is still very low, with per capita consumption<br />at about 8 kg—much lower than the 28 kg per capita level in Taiwan.</p> <p>Last year, Brazil accounted for the largest share of poultry exports to China, namely 85%, followed by Argentina with 12%, Chile with 3% and Poland with 3%.</p> <p>However, Brazil is currently plagued by a long-running scandal which has affected its ability to export meat and poultry. On March 6, 2018, Brazil’s largest poultry exporter BRF was caught up in a cheating operation by the Brazilian government. As a result, BRF has suspended operations at three of its large poultry meat export plants. <br />Analysts at USDA estimate that China's poultry imports from Brazil will drop this year and since the country accounted for such a large market share in 2017, experts say that other major trading partners have limited production capacity to fill the gap.</p>	1		Market		2018-04-02 12:26:49	2025-08-05 13:56:37	Details Edit Delete
1040	Positive growth for Vietnam's pangasius exports to the UK	In the EU, the Netherlands and the UK remained the two main importers of pangasius from Vietnam in 2017, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).	<p style="font-weight: 400;">Analysts at VASEP said that the UK was the only market which reported an increase in Vietnamese pangasius imports. Vietnam exported pangasius worth US$45.7 million to the UK market in 2017. This accounted for 2.6% of the total export value, up 2.5% over 2016. Vietnam pangasius had to compete with other whitefish products in the UK such as frozen cod, haddock and frozen pollock.</p> <p style="font-weight: 400;">"Vietnam pangasius has more competitive prices compared to other whitefish products. In the coming time, the UK expected to be a potential market of Vietnam’s seafood companies," the VASEP statement read.</p> <p style="font-weight: 400;">Vietnam occupies the 6<sup>th </sup>spot among the main exporters of whitefish to the UK market. Iceland and China supply most of the whitefish to the UK, accounting for 20-45% of its imports.</p> <p style="font-weight: 400;">In 2018, Vietnam’s pangasius exports forecasted to slightly increase and remain the same level as that in 2017. VASEP analysts concluded that compared with other importing markets in the EU, Vietnam’s pangasius exports to the UK continued to show the positive growth and good signs of recovery.</p>	1		Market		2018-04-03 06:23:35	2025-08-06 06:51:09	Details Edit Delete
1041	Pig prices stayed strong as demand for lamb grew in Europe, says QMS	In the week ended April 1st, prime prices for hoggs although reported a slight decrease have remained 30% above year earlier levels, according to Quality Meat Scotland.	<p>“Auction market throughputs through March have been well above last years levels, while the UK weekly slaughter of prime sheep has been running well ahead of last year throughout January and February,” said Quality Meat Scotland’s Director of Economics Services.</p> <p>“So despite strong supplies of hogs, farmgate prices have strengthened suggesting a basic strength in demand,” he added.</p> <p>According to QMS, high farmgate hog prices were reported not only in Scotland but also in Ireland, France, and Spain, where they were 15-20% higher compared to the previous year. QMS says that this suggests a general firmness in the market place across Europe.</p> <p>Kantar Worldpanel analysis of UK retail sales reveals that for a number of years the volume of lamb sold in the four-week period including Easter can be double the levels of the month before and the month after.</p> <p>“All of that growth in sales is put down to purchases of leg roasting joints, which can leave processors with a major challenge to sell the remaining cuts from a lamb carcase when demand for leg roasts is so high,” said Mr Ashworth.</p> <p>“Nevertheless, to meet orders, demand for slaughter stock inevitably increases,” he added.</p>	1		Industry		2018-04-03 05:33:55	2025-08-06 06:56:32	Details Edit Delete
1042	Beef and Lamb New Zealand is launching a new strategy for red meat producers	The environmental issues are brought into question as the association is looking to answer this challenge.	<p>A new strategy on New Zealand's red meat sector is going to be implemented under the mandate of the new president of Beef+Lamb Association, Andrew Morrison.</p> <p>The revised strategy was adopted last year and is going to put more emphasis on enhancing farmers' environmental position, unlocking market potential and greater government and public insight engagement, while still supporting farming excellence, informs <a href="https://www.nzherald.co.nz/the-country/news/article.cfm?c_id=16&objectid=12025144">New Zealand Herald</a>.</p> <p>Key priorities in this program are the launching of the environment strategy and Red Meat Story, along with developing insights to secure the access in different markets.<br />"The red meat sector is in a strong position with an unprecedented global demand for protein. We need to leverage our competitive advantage of producing natural grass-fed, hormone and antibiotic-free sheep and beef", declared Morrison. In his opinion, red meat producers have to identify the reason why consumers moved away from a product, like red meat, in order to address that problem.</p> <p>Andrew Morrison as represented the southern South Island region on B+LNZ's board for the past four years. He was also on the boards of Ballance Agri-Nutrients, Ovis Management Ltd, the New Zealand Meat Board, and the Pastoral Greenhouse Gas Research Consortium.</p> <p>(<em>Photo source: Twitter/Trendsmap</em>)</p>	1		Industry		2018-04-03 10:15:23	2025-08-06 08:21:03	Details Edit Delete
1043	Scientists and meat processors gathered to help meat industry cut waste		<p>A special event that brought together scientist and meat processors from Wales have been staged last month by Hybu Cig Cymru – Meat Promotion Wales (HCC) in order to bring the latest technology to bear on increasing profitability and reducing environmental impact in the red meat industry.</p> <p>The sector is already applying very good practice in minimising its inputs and environmental impact, but the advance of technology offers new ways in which by-products can be used.<br />The event was held in partnership with the IBERS-led BEACON Biorefining Centre of Excellence at Aberystwyth University and the attendants were pleased to hear about the way companies can extract valuable commodities that can be used in a wide variety of contexts, from renewable energy to pharmaceuticals.</p> <p>"This workshop was extremely useful in bringing together academic researchers with businesses from the Welsh red meat supply chain.A key statistic is that a typical 650kg beef animal will produce 345kg of meat, so the challenge is how best to use the rest of the carcase, especially as the market for skins and hides is less profitable than it used to be.</p> <p>Many of the processors shared interesting data on how they reduced waste and utilised by-products, and emerging anaerobic digestion technology is clearly an avenue to be looked at", explained HCC Supply Chain Development Executive Dr Eleri Price.<br />The speakers included world-leading experts on waste reduction and the extracting value from by-products, including applied biochemist Dr David Bryant, waste and manufacturing specialist Chris Morris, and anaerobic digestion expert Prof. Sandra Esteves.</p>	1		Technology		2018-04-03 11:24:51	2025-08-06 04:53:26	Details Edit Delete
1044			<p>“Mobile is the future”, it looks convinced Gunther Dillman, Commercial Director at DMS Maschinensysteme, when he talks about the meat processing system that he designed to help small processing businesses and retail shops that are in need of a mobile processing unit from various reasons.</p> <p>“I am the engineer and the constructor to some part of the machines and, with this new game, we start a new way into the future, the mobile food processing system. It presents a lot of possibilities to make a factory in the box for all types of food.</p> <p>It can be applied in the bakery, cheeses and you have also the possibility to process meat. The first generation of this mobile processing system was sold on the Russian market. Three years ago we started to work on this new system with new materials, a new philosophy and new technologies”, said Gunther Dillman in an interview for EuroMeatNews at Anuga FoodTec 2018.</p> <p>Build as a modular facility, the mini-plant for processing meat could be used to process and sell immediately the meat from small farms or it can be transformed into a small shop outside a retail store who is going trough a redecorate process.</p> <p>The system is designed to save the energy and has installed cooling and heating systems in the walls and floor. “We have two groups of costumers. We have the end users who are constructing or modernizing a building and choose to use a mobile system to keep its operations going and we have another group, represented by the supermarkets, who can rent a system when they are making a renovation in the butchery so they don't lose the costumers. At this moment we sell in the European market and we rented systems in the German market but we expect to go global”, declared Dillman.</p>	1		Technology		2018-04-03 16:19:30	2025-08-06 06:39:47	Details Edit Delete
1045	Profits surge reported by JBS	The Brazilian company had a perfect year despite the corruption scandal that involved executives from its board.	<p>"Best operational results in our history", described JBS CEO Jose Batista Sobrinho the financial situation reported by the company for 2017.</p> <p>Last year, JBS made profits of $165 million, an increase of 128% from the prior year, informs <a href="https://www.drovers.com/article/jbs-reports-profits-surge?mkt_tok=eyJpIjoiTUdVMU1qVmtORFl4WmpNeSIsInQiOiJiUWttMlBvV3NNTWdTd1grbTdZa0YyelR4SjlvTzFXSTE5blBYQzdKN2lMaituZFNTRlI3anRnSEs5b0o0UFp0Y1h3Q3FHTE9YRDNHaFliR0hRZGlOS1l0RVJPTmpxQ2cyT2JtNk15T3Iwa1ByNWU4S2dYMjluc2krVkJHOGJWUCJ9">Drovers</a> magazine.</p> <p>It could have been better if the Brazilan company haven't been dragged into a corruption scandal that led to losses in the fourth quarter and a net revenue falling by 4,2% ($51.5 billion), as a result of currency exchange variation and the sale of various assets.</p> <p>In June 2017, JBS sold plants in Paraguay and Uruguay to Minerva SA, in a $300 million transaction. A month ago, the company announced the sale of Five Rivers Cattle Feeding for approximately $200 million to Pinnacle Asset Management, L.P.</p> <p>Five Rivers Cattle Feeding has a capacity for nearly one million cattle, and it announced it would continue to supply cattle to JBS USA beef processing plants as part of a long-term agreement in conjunction with the sale agreement.<br />"In 2017, we ended another year with solid, consistent results that demonstrate our capacity to overcome challenges", concluded Jos Batista Sobrinho.</p> <p>(<em>Photo source: Mergr.com</em>)</p>	1		Industry		2018-04-04 07:00:40	2025-08-06 03:58:49	Details Edit Delete
1046	American Lamb Board promises an increased demand by 2% annually	The new strategy of promoting American Lamb seeks a total demand growth of 10% until 2022.	<p>Over the past ten years, the consumption of lamb in the US has remained steady at approximately 0.5 kg. The situation could change if the American Lamb Board will succeed in implementing the long-range plan for 2018-2022.<br />"The future holds tremendous promise for our industry which produces a unique, flavorful, tender and nutritious protein that meets the changing needs and preferences of consumers", said Jim Percival, ALB chairman, quoted by <a href="https://www.southwestfarmpress.com/livestock/american-lamb-board-establishes-goal-2-percent-demand-growth-yearly">Southwest Farm Press</a>.<br />The Long Range Plan adopted by ALB has five core strategy in promoting the American Lamb: grow awareness and increase usage of American Lamb among chefs and consumers; promote and strengthen American Lamb’s Value Proposition; improve the quality and consistency of American Lamb; and collaborate and communicate with industry partners and stakeholders to expand efforts to address the first four strategies.<br />ALB representatives have set a goal of 2% annual increase in demand for the period 2018-2022.<br />In their opinion, the market looks promising as global demand growth, interest in buying local and production practices, changing consumer preferences, nutrition perceptions of lamb, as well as the price and perceived value of American Lamb seems to be the key trends of the moment.</p>	1		Industry		2018-04-04 07:01:25	2025-08-04 04:36:30	Details Edit Delete
1047	VIDEO - "Bacon is our best selling product in Greece"		<p>Sarquella, a family owned company from Spain, is exploring its way in the Greek market with different meat products that look appealing to the consumers.<br />With a high rate of meat imports, Greece is a destination for any company in the industry that wants to see an increase in sales.<br />"We are producing cooked meat, sausage meat, turkey, pork, bacon and some of the serrano ham. We are new in the market but I think the Greek market is really good. They consume a lot of bacon which is our best product for the Greek market", declared David Zanudio, Export Sales Manager at Sarquella, during an interview for EuroMeatNews.</p> <p>Quality is one of the strong points in approaching a new market thinks Zanudio, mentioning that the company is now focusing on exports. "We want to export as much as we can and to offer our customers a good quality and a good service. Quality is very important. The customer has to be confident in us", believes the Exports Sales Manager of Sarquella.</p>	1		Market		2018-04-04 11:04:40	2025-08-06 06:51:33	Details Edit Delete
1048	Argentina's pork consumption increased by 9.6% last year	In Argentina, the average consumption of pork per capita reached 14.1 kg per person in 2017, making this the ninth consecutive year of growth, according to a report published by the consulting firm Consultores, Sectorial Economic Research (IES).	<p>Argentinians shifted from eating beef to pork in recent years due to an improvement in pork cuts prices, which, according to the IES report, "showed moderate increases in relation to beef."</p> <p>Argentina's pork production has increased by 8.7% in 2017 compared to the previous year, reaching 568 thousand tons. The slaughter number also increased by 7.3% in the same period and totalled 6,425 thousand heads, as reported by Agritotal.</p> <p>Meanwhile, the value of Argentine pork exports also reported a rise of 161% last year compared to 2016 and reached $5.8 million. In terms of volume, pork exports were 2,631 tons or only 0.5% of Argentina's total production. They also increased during the same period by 111.5%.</p> <p>IES report also states that the retail price for pork increased by 15.7% in the interannual measurement but below the retail inflation of the period and of food in particular. This alongside with Argentina's recovery of economic activity and higher wages fueled the increase in pork consumption across 2017.</p>	1		Industry		2018-04-04 10:17:13	2025-08-06 07:09:35	Details Edit Delete
1049	Good Foods recalls chicken products due to misbranding		<p>The products contain tree nuts, specifically cashews, a known allergen, which is not declared on the product label.</p> <p>The ready-to-eat curry chicken salad items were produced on March 27, 2018.</p> <p>FSIS said that the problem had been discovered on April 2, 2018 when the firm was notified by a customer that the deli cup container for the curry chicken salad products had a correct label on the lid, but an incorrect label on the side of the cup.</p> <p>The company inadvertently labeled the side of the containers with labels for Artichoke & Jalapeno Dip, which does not contain cashews. Therefore, tree nuts (cashews) are not listed in the ingredient statement applied to the side of the cup.</p> <p>According to the food safety authorities there have been no confirmed reports of adverse reactions due to consumption of these products.</p> <p>Consumers who have purchased these products are urged not to consume them. These products should be thrown away or returned to the place of purchase.</p>	1		Industry		2018-04-04 11:54:17	2025-08-05 15:41:20	Details Edit Delete
1050			<p> </p> <p>The president of UGRQ Alejandro Ugalde Tinoco has recently said in a statement that Querétaro's meat producers aim at exporting pork and beef not only to the United States and Canada but also to Asia and the Middle East.</p> <p>Mr. Tinoco says that the meat market from Saudi Arabia has a lot of potential for the Querétaro companies as the demand here is still rising, but domestic producers are still waiting to obtain permits for this market.</p> <p>Furthermore, the UGRQ president said that the union is still waiting to receive certification from the United States Department of Agriculture (USDA) to start shipments of meat.</p>	1		Market		2018-04-04 13:14:25	2025-08-06 09:17:28	Details Edit Delete
1051	Brazil's chicken meat exports reach 1,017 million tons in Q1 2018	In the first quarter of 2018, Brazil's poultry meat sales reported a decrease of 5.6% to 1,017 million tons compared to the corresponding period from 2017, according to the latest figures provided by the Brazilian Association of Animal Protein (ABPA).	<p> </p> <p>In terms of value, Brazilian exports of poultry meat also went down by 11.9% to $1.605 billion in the first three months of 2018 compared to the similar period from the previous year.</p> <p>Just in March, the Brazilian poultry sector exported 2.2% less meat compared to the similar month from 2017, down to 376.6 thousand tons. In terms of value, in the same month, sales reached a value of $589.9 million, which was 10% higher thn the $655 million reported in the third month of 2017.</p> <p>Francisco Turra, chief executive of ABPA, said that this year looks promising for the Brazilian meat industry, but the balance of this first quarter was negatively impacted by the rising production costs and by the suspensions imposed by the European Union for several meat plants. "In March, sales of salted meats, the main products imported by Europeans, recorded losses of around 50% in volumes," Mr. Turra added.</p> <p>According to the president of ABPA, the sector has great expectations for the resumption of the suspended meat exports from the  Brazilian companies, which should repair impacts caused by the sharp contraction in exports to the bloc.</p>	1		Market		2018-04-04 14:47:25	2025-08-06 09:11:41	Details Edit Delete
1052	The Netherlands report record pork exports in 2017	Last year, Dutch exports of fresh and frozen pork witnessed the largest volume of exports in the trade record going back to 1997, with an increase of 6% to 913,400 tons compared to 2016, according to the Agriculture and Horticulture Development Board (AHDB).	<p> </p> <p>Abigail Schofield, AHDB trainee analyst, says Dutch exporters were able to increase their trade with other EU markets in 2017, increasing deliveries by 17% compared to 2016.</p> <p>Shipments to the top export destination, Italy were up 7%. Italy recorded growth in the volume and value of its fresh pork market last year.</p> <p>Exports to other key European destinations, Germany, Greece and Poland were notably ahead in the same period, and volumes to the UK rose 11% on the year.</p>	1		Market		2018-04-05 06:17:40	2025-08-05 07:16:04	Details Edit Delete
1053	Thailand's chicken meat shipments reach China	Thailand's first shipment of 14 containers of chicken meat valued at $1.1 million have arrived in Yunnan Province, China, according to asian-agribiz.	<p> </p> <p>Thailand was banned from exporting poultry meat and products to China after the country was hit by an avian influenza outbreak back in 2004.</p> <p>Ren Yisheng, China’s Consul General to Thailand said: “China has been closely following the development of control systems of the poultry industry.”</p> <p>Chicken meat shipments account for the largest share of 85% from Thailand's total meat exports, according to Niwat Sutemechaikul, Deputy Secretary of Thailand’s Agriculture and Cooperatives Ministry.</p> <p>Seven Thai companies received approval to export frozen chicken meat to China.</p>	1		Market		2018-04-05 06:33:33	2025-08-06 05:00:28	Details Edit Delete
1054	The consumer's lifestyle dictates what and how people want to eat	This topic dominated Anuga's FoodTec 2018 panel of discussion during the entire exhibition.	<p>Meat industry and meat technology sector have to adapt to the new trends dictated by the consumer desire and this has a direct influence on production processes and subsequent packaging, according to Carola K. Herbst from the DLG’s (German Agricultural Society) Food Competence Center.</p> <p>"Experience from the German market shows that consumers are getting older; eating more outside the home; eating ideologically or in line with religious beliefs, and their diets reflect individual values as they attempt to optimize their physical and mental performance", mentioned Herbst.</p> <p>From this perspective, packaging has to respond to the consumer's demand by acting as a direct interface with the public and has to be designed in a way that communicates messages clearly. It needs to reach the consumer on an emotional level, and meet the growing desire for natural packaging materials, as well as conveying other ideals such as beauty, well-being, health and fitness.</p> <p>These characteristics included the opportunity to exploit mobile and digital technology in modern packaging, said Herbst. "Smart packaging offers an additional function with integrated technologies. These are chemically or electronically based and are used in a market-driven or consumer-oriented manner. Data carriers can inform consumers about the origin or ingredients of a product, while special indicator substances can indicate the degree of freshness or the temperature of the product", explained Carola Herbst.</p> <p>These new trends require investment in new technologies and processes but product quality and manufacturing costs also had to be optimized, specified the DLG expert.</p>	1		Technology		2018-04-05 11:00:48	2025-08-06 06:10:20	Details Edit Delete
1055	"American-Chinese business relationships are put at risk by tariffs on beef" - USMEF		<p>The US beef industry could be hit as hard as the American pork businesses in the trade war between Washington and Beijing. The intention of Chinese officials to put beef on the list of agricultural and food products that are subject to retaliatory tariffs of 25% provoked nervousness between the members of US Meat and Export Federation (USMEF).</p> <p>In a statement from USMEF President and CEO, Dan Halstrom, the group expressed the hope that the trade dispute "can be resolved without China introducing additional obstacles for U.S. beef".<br />"China is a promising market for U.S. beef, and, since the June 2017 reopening, the U.S. industry has made an exceptional effort to provide customers with high-quality beef at an affordable price. <br />This is not an easy task, due to our 13-year absence from the market and China’s beef import requirements.If an additional import tariff is imposed on U.S. beef, these constructive business relationships and opportunities for further growth will be put at risk", declared Dan Halstrom.</p> <p>Official data shows that the US beef exports in the second half of 2017 totalled 3,020 metric tons valued at $31 million. 2018 had a good start for the industry, in January, exports reaching the highest monthly volume, 819 tons, with a value of $7.5 million.</p>	1		Industry		2018-04-05 11:45:35	2025-08-06 10:03:30	Details Edit Delete
1056	Spanish Thenaisie Provote was purchased by Scandia Food	With this move, the Romanian canning group enters new markets in Europe and Americas.	<p>Romania based Scandia Food has acquired the Spanish company Thenaisie Provote, specialized in canned fish and seafood, for an undisclosed sum.<br />The negotiations have started since the late 2016 and Scandia Food had to contract a credit bank of EUR11.2 million in order to restore the patrimonial balance of Thenaisie Provote with a capital increase of EUR2.85 million and meet the payment plan agreed between both sides.<br />In November 2017, Scandia Food has established a Spanish subsidiary, Scandia Food Spain, in order to complete the deal, but, as both companies have indicated in a press release, Thenaisie Provote will keep its identity, established brands and current organization, informs the Spanish magazine Alimarket.<br />In 2017, Thenaisie Provote reported a turnover of EUR 29.8 million, up by 19.6% from the previous year. The total production stood at around 5.500 tons from wich more than 15% was exported to countries such as Portugal, France, Germany, Italy, Japan, Sweden, Norway, Croatia, Luxembourg, Venezuela, Colombia, the United States, Costa Rica and Puerto Rico.<br />With the latest acquisition, Scandia Food has ensured an entry into this markets and it could expand the business beyond.<br />Thenaisie Provote has a portfolio of brands recognized internationally such as Grandes Hoteles, Pombinas, Tapas and Fisterra. The company also produce canned fish under private label.<br />Scandia Foods is the leader in canned food in Romania and since 2015 has launched different products for the domestic market, like the premium brand "Lotka" canned tuna or "Kopka".</p> <p> </p>	1		Industry		2018-04-05 13:00:49	2025-08-06 08:16:09	Details Edit Delete

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