Sunday, 25 September 2016

Show Review: Over 300 Exhibitors at PotatoEurope 2016

Show Review: Over 300 Exhibitors at PotatoEurope 2...

 The 300 exhibitors present (25% more than in 2008) were able to meet with their customers, at Pot...

Potato Bowl Starts on September 13

Potato Bowl Starts on September 13

 Potato Bowl football game, billed as a battle between two of the largest potato growing regions i...

Potato Processing International Magazine Invites You to Seminar at Potato Europe

Potato Processing International Magazine Invites Y...

 Potato Processing International magazine (PPI) will host a seminar on September 15, starting at 2...

JBT Corporation Acquires Cooling and Applied Technologies

JBT Corporation Acquires Cooling and Applied Technologi...

 JBT Corporation, a global technology solutions provider for the food and beverage industry, announced ...

Americans Spent Over USD7bn on Potato Chips in 2015

Americans Spent Over USD7bn on Potato Chips in 2015

 Americans spent USD7.5bn on potato chips in 2015, or an average of roughly USD 23 for every man,woman ...

CIP Marks 45 Years in Potato Research

CIP Marks 45 Years in Potato Research

 International Potato Center (CIP) has recently marked its 45th anniversary. Nearly half a century ago,...

Key Technology Introduces VERYX Belt-Fed Digital Sorters to Europe

Key Technology Introduces VERYX Belt-Fed Digital Sorter...

 Key Technology introduces its VERYX belt-fed digital sorters to the European food processing industry ...

Case Study: Ishida Helps Spanish Snack Manufacturer to Grow

Case Study: Ishida Helps Spanish Snack Manufacturer to ...

 Aperitivos y Extrusionados (Apex), now one of Spain’s top three snack food manufacturers, uses Ishida ...

GEA to Present Equipment Portfolio at Chillventa

GEA to Present Equipment Portfolio at Chillventa

  From October 11 to 13, 2016, Chillventa will turn the trade show fairgrounds in Nuremberg into an in...

Lay’s Chalet Sauce Potato Chips Available in Canadian Retail

Lay’s Chalet Sauce P...

  Frito-Lay Core Global Brands, PepsiCo Foods Canada, a...

Cambodia Opens First Potato Research Centre

Cambodia Opens First...

 With potato consumption continuing to rise in the Kingdom...

New Potato for Diabetics, Growing at Waterdown Farm

New Potato for Diabe...

 Canadian consumers who avoid potatoes to reduce their car...

Inventure Foods Adds Kettle-Cooked Potato Chip Manufacturing to Factory

Inventure Foods Adds...

  Specialty foods marketer and manufacturer Inventure Foo...

Avebe Starts the Potato Harvest Campaign

Avebe Starts the Pot...

 Potato starch producer Avebe has recently announced the s...

Land-Grant Universities Bolster the US Potato Genebank’s Impact

Land-Grant Universit...

 Land-grant universities are collaborating to support the ...

New Variety of Innate Potato Approved

New Variety of Innat...

  The J.R. Simplot Company has completed a voluntary cons...

The Use of Nicotine-based Pesticides Limited in Minnesota

The Use of Nicotine-...

  Seeking to reverse a decline in bees and other pollinat...

Greenpeace Issues Blacklist for Pesticides in EU

Greenpeace Issues Bl...

 Greenpeace Germany has recently published a new version o...

Costs of Developing GM Potatoes Comparable to Conventional Varieties

Costs of Developing ...

  The cost of developing GM potato varieties is in fact n...

LINPAC Group Limited, the international packaging manufacturer, has successfully completed its debt restructuring following approval from shareholders and lenders.

LINPAC has emerged from this process as a stronger company with a balance sheet restructured on terms more suited to today's economic environment. Debt has been halved and ownership has transferred to the pre-existing banking syndicate, which has also injected additional cash into the group.

The restructuring has only affected the holding companies and not the operating companies of the group. As far as the operations are concerned, it has been business as usual. Under its new ownership LINPAC will continue to invest in the business and support customers with innovative high-quality products and services.

Mike Arrowsmith, Group CEO, said: "LINPAC is a company with a first class customer base, multiple market-leading positions, and a highly dedicated and skilled workforce. The board is confident that, as the global economic outlook starts to improve and with more appropriate financial arrangements in place, we will continue to be a global leader in our markets.

"We are delighted that this process has been successfully concluded and that LINPAC is now so well placed for the future. We have an enviable position as a leader in our markets, and the loyalty of our customers throughout 2009 reflects the quality of our products and services. This restructuring has put the company on a strong footing from which we can maintain our competitive edge and create new opportunities for growth. "

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