Thursday, 26 May 2016

Europatat’s Main Theme for 2016: “Adapting Business to Change and Uncertainty”

Europatat’s Main Theme for 2016: “Adapting Busines...

  This year’s Europatat congress takes place in Brussels, on June 1-2 and is organized in conjunc...

Global Cold Chain Expo: 25,000 Square Feet for Products, Services and Technologies

Global Cold Chain Expo: 25,000 Square Feet for Pro...

  The Global Cold Chain Expo, created in partnership with the Global Cold Chain Alliance and the ...

Exclusive Interview: Potato Europe 2016 - The Goal Is to Maintain Stable Consumption

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  After three years abroad, Potato Europe, one of the most important events targeting the potato ...

Ammeraal Beltech Acquires Australian Partener Rydell

Ammeraal Beltech Acquires Australian Partener Rydell

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Givaudan to acquire Spicetec Flavors & Seasonings from ConAgra Foods

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  Givaudan, one of the global leaders in the creation of fragrances and flavors, strengthens capabilit...

FDA modernizes Nutrition Facts label for packaged foods

FDA modernizes Nutrition Facts label for packaged foods

  The US Food and Drug Administration took a major step in making sure consumers have updated nutritio...

Case Study: The Experience of Potato Producer Nedato with a Sorting Solution from TOMRA

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 The Nedato is a cooperative of 500 farmers, which has been producing quality potatoes to customers acr...

Tong Engineering Introduces New Cleaner Loader Crop Transfer Machine

Tong Engineering Introduces New Cleaner Loader Crop Tra...

   Tong Engineering is set to introduce a new Cleaner Loader crop transfer machine to its latest range...

Kiremko Builds a New French Fries Line in Belgium

Kiremko Builds a New French Fries Line in Belgium

  Kiremko announced they had started to build a new French fries line in Belgium, with a capacity of 1...

Aviko Introduces a Guide for Gluten-free Catering

Aviko Introduces a G...

 The potato processor Aviko is supporting caterers during ...

Americans Were Asked which Lay's Flavors Stay and which Go

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   For the first time in brand history, the Lay's brand a...

TOMRA Sorting Food: steam peeling can reduce the waste within the potato industry

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 The manufacturer of sensor-based food sorting systems, TO...

Australian Company Makes Potatoes Melt When Exposed to High Temperatures

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Heat and Control Releases Unitized Vacuum Fryer

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Researchers Develop Nutrient-rich Purple Potato

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Search Begins for Scottish Strategic Potato Farm

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  AHDB has announced the quest for the first farmer host ...

£150K potato storage fellowship cultivates cutting edge research

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  Capitalizing on work from the horticulture sector, Dr R...

Company launches new formulation of biofungicide

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Welsh potato growers get latest know-how on Potato Day

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As consumers feel the pinch of recession, they are likely to shun pricier fresh produce and head for cheaper fare in supermarket freezers, predicted the chief executive officer of frozen foods firm Pinguin.


"If this crisis goes on long enough, people will get to understand that they can get their biggest savings with frozen goods," CEO Herwig Dejonghe told Reuters in an interview.
"Frozen foods are underestimated and undervalued in the market, but people will discover that they can have the same quality of life at about a 25 to 30 percent lower cost, on average."
Dejonghe expected the recession-driven switch in consumer behaviour and the boost to his turnover to be a gradual medium-term effect, rather than a short-term spike.
Belgian Pinguin, which in November forecast a consolidated operating income of 440 million euros for 2008, produces a range of frozen vegetables, potatoes and ready-meals and sells them to grocery stores and food service groups in Europe and Asia, under its own and private labels.
One difficulty in a recession, Dejonghe said, is that consumers are loathe to support price increases. However, because vegetable prices are less volatile than other food staples, Dejonghe said this isn't such an issue for Pinguin.
Pinguin has seen a rapid increase in turnover of late, though mainly due to a slew of recent acquisitions. Last year the company bought UK frozen vegetable group Padley Vegetables and Belgian deep-frozen potato group Lutosa.
Lutosa now accounts for about 50 per cent of Pinguin's sales, Dejonghe said, which will be reflected in January when Pinguin will change its name and re-list as Pinguin-Lutosa.

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Latest Events

Jun 1st 2016 - Jun 2nd 2016
Europatat Congress 2016
Sep 14th 2016 - Sep 15th 2016
Potato Europe 2016
Sep 14th 2016 - Sep 15th 2016
Potato Europe 2016

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