Company News: Page 146

Chr. Hansen reports revenue increase for 2nd quarter

Chr. Hansen has reported a strong second quarterfor fiscal year 2013/14, highlighted by revenues of EUR182 million (US$253) and10 percent organic growth. The animal health and nutrition company alsoreported revenues unchanged from the first half of the previous fiscal year atEUR353 million (US$490 million).

Brand Insights

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IFF Animal Nutrition & Health

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Optimized phytase dosing: unlocking more value from feed phytate

Livestock Feeds saw 12 percent revenue growth in 2013

Livestock Feeds PLC, a Nigeria-based company thatmanufactures and markets animal feeds and concentrates, saw its gross revenuegrow by 12.53 percent to 6.11 billion Nigerian naira (US$372,000) in 2013. Profits after tax increased 46.25 percent to NGN211 million (US$129,000)compared with the same period a year earlier.

Animal Feed Manufacturing

Organic Chemical Solutions invests in Miami liquid and dry packaging operation

Dr. Martin Moreira, CEO of Organic Chemical Solutions LLC (OCS),has decided to increase the company’s range of packaging options by makingadditional capital investments in an already state-of-the-art liquid and dry packagingoperation located in Miami. New dry packaging equipment was installed andstartup was concluded on December 3.

Petfood Forum and Petfood Workshop 2014 offer latest pet food research, insights

Global sales of pet food topped US$69 billion in 2013, according to Euromonitor, with some market segments growing more than 5 percent. Pet food professionals can help their companies lead that growth by learning the latest research and industry information at Petfood Forum and Petfood Workshop 2014.

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National Corn Growers urge Congress to pass farm bill

National Corn Growers Association President Martin Barbre urged Congressto pass the Agriculture Act of 2014 in a statement issued to the House-Senateconference committee January 28. “We appreciate the hard work of the committee, especiallySens. Debbie Stabenow and Thad Cochran and Reps. Frank Lucas and CollinPeterson, for crafting a balanced compromise that ensures market-orientedreforms and effective risk management tools,” Barbre’s statement said.

ADDCON creates new management team for feed unit

ADDCON has created a newmanagement team for its feed business unit.Dr. Anant Deshpande has beenappointed regional manager Asia-Pacific, and Dr. Peter Theobald has beenappointed regional manager Europe.

AFIA accepting scholarship applications for spring 2014

The American Feed Industry Association’s (AFIA) Equipment Manufacturers Committee is accepting applications from universities for its two new scholarship opportunities. The scholarships, valued at $2,500 each, will support students who have chosen educational pathways in the feed and grain industry at a qualified, higher educational institution.

Rising export demand pushes wheat, soybeans higher

US soybeans and wheat futures rose January 13, with a pickup in export demand supporting both commodities, Reuters reported.Corn futures also closed higher, feeding off the strength of soybeans and wheat, but gains were kept in check by profit-taking after a 5 percent rally on January 10.

Changes in the sales organization of Haarslev Industries

Atthe end of January 2014, Tissa Fernandowill end his long career with Flo-Dry and Haarslev Industries. Fernandostarted his career at the New Zealand Meat Research Institute “MIRINZ,” wherehe was responsible for leading major projects in the rendering area.

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Animal Feed Regulations & Safety

FDA urged to extend comment period on feed safety rules

The National Grain and Feed Association has urged the Food and Drug Administration (FDA) to extend the comment periods on two sets of proposed rules issued by the agency to implement significant portions of the Food Safety Modernization Act (FSMA). The NGFA did so, it said, because the agency still has not issued proposed regulations implementing the animal feed and pet food provisions of the law, whose requirements are expected to be closely linked and interrelated to the other two rulemakings for which the comment period extension was sought.

Nutreco cuts 2013 profit forecast

Nutreco has dropped its 2013 EBITA (earnings before interest, taxes and amortization) to €255 million from €262.1 million, after third-quarter animal nutrition results for the company came in down from 2012 numbers. Nutreco saw animal nutrition revenue drop by 7.1 percent, to €794.4 million, mainly due to lower volumes in compound feed and adverse foreign currency impact.

Falling feed prices bring pigs back to profitable

U.S. pig production is becoming profitable again as feed prices drop post-2012 drought, according to Purdue Extension agricultural economist Chris Hurt. "This year, the hog outlook is almost the opposite of what it was last year," said Hurt.

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