Tuesday, 31 May 2016

PotatoEurope 2016: Numerous Dynamic Demonstrations Over 23 Hectares

PotatoEurope 2016: Numerous Dynamic Demonstrations...

 PotatoEurope is the largest open-field event devoted to the potato in Europe, which will cover an...

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 ...

Bosch Packaging Technology increases its sales, with a focus on Asia-Pacific region

Bosch Packaging Technology increases its sales, with a ...

  Bosch Packaging Technology increased its sales from EUR 1.18b in 2014 to 1.3b in 2015, representing ...

Ammeraal Beltech Acquires Australian Partener Rydell

Ammeraal Beltech Acquires Australian Partener Rydell

Ammeraal Beltech, the developer and manufacturer of process and conveyor belting, headquartered in Alkm...

Givaudan to Acquire Spicetec Flavors & Seasonings from ConAgra Foods

Givaudan to Acquire Spicetec Flavors Seasonings from ...

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

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

Case Study: The Experience of Potato Producer Nedato wi...

 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...

Processed potatoes in EU worth EUR10b in 2014

Processed potatoes i...

  Processed potatoes (mainly frozen chips and crisps) wer...

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

Americans Were Asked...

   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

TOMRA Sorting Food: ...

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

Australian Company Makes Potatoes Melt When Exposed to High Temperatures

Australian Company M...

  The Australian Research and Development company Potato ...

Researchers Develop Nutrient-rich Purple Potato

Researchers Develop ...

  A group of researchers from CSU have recently developed...

Search Begins for Scottish Strategic Potato Farm

Search Begins for Sc...

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

£150K potato storage fellowship cultivates cutting edge research

£150K potato storage...

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

Company launches new formulation of biofungicide

Company launches new...

  Marrone Bio Innovations, a U.S. provider of bio-based p...

Welsh potato growers get latest know-how on Potato Day

Welsh potato growers...

  Over 50 potato growers gathered at the County Showground ...

China Essence Group Ltd., one of the largest, leading integrated producers of potato starch products in the People's Republic of China, yesterday announced its financial results for the third quarter and nine months ended 31 December 2010.

The Group's latest quarter's results show a continuous recovery in earnings performance. In line with better economic performance and recovery in overall market demand, the Group's revenue increased 11 per cent Q-o-Q to RMB347.7 million in 3Q FY2011 while net profit grew by a healthy 13 per cent Q-o-Q to RMB77.7 million in 3Q FY2011.

Gross profit for the quarter increased by 6 per cent to RMB134.1 million, as compared to RMB126.9 million in the previous corresponding quarter.

Commenting on the latest results, Mr Zhao Libin, Chairman and CEO of the Group, said: "We are very pleased to deliver healthy top and bottom line results for this quarter, in line with the global economic recovery. Leveraging on our leading market position, we have so far been able to maintain our gross margin. Nonetheless, margin pressure is a real risk and we are monitoring the situation closely and will react accordingly by making adjustments to our pricing strategy and production schedule to weather potential fluctuations in supply of raw materials."

 

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