Page 11 of articles about markets-economics in Press releases

AgFeed Industries, Inc. announced organizational changes and acquisitions agreements in fulfillment of its previously announced entry to the harvest and processing segment of the pork business.

Merck Animal Health, formerly known as Intervet/Schering-Plough Animal Health, announced today that it has embarked on the expansion of a vaccine manufacturing unit at its Biosciences Center Boxmeer campus in the Netherlands.

Poor ‘Third World’ countries are prepared to pay more for their pork than British retailers. In Cambodia – where Yorkshire-based pig-breeding company, ACMC Ltd, is doing business – the farm-gate price paid for pigs is currently equivalent to £2.47 per kg deadweight. This compares with the UK price of just £1.51 per kg.

OJSC Cherkizovo Group, one of Russia's leading integrated and diversified meat producers, is pleased to announce the launch of operations at the meat processing plant in the Kaliningrad region acquired in 2010.

Cargill has opened a new animal feed facility in Efremov, Russia. The facility has the capacity to produce 50,000 tonnes of swine and poultry feed products and will operate under the LNB® brand in Russia. The new operation forms part of Cargill’s industrial complex in Efremov, some 330 km south of Moscow.

As one of the largest corporate acquisitions in Vietnam, the deal represents a unique opportunity for CPP to acquire a controlling stake in a market leader and expand into one of the fastest growing feed and farming markets in Southeast Asia.

U.S. pork and beef exports slowed slightly in April when compared to the all-time record highs of the previous month, but still performed well above last year’s pace. April pork exports reached 181,109 metric tons valued at $487.8 million – up 16 percent in volume and 22 percent in value over last year.

Zhongpin Inc., a leading meat and food processing company in the People's Republic of China, today announced that Zhongpin will further expand into north China by building a new production facility in Tangshan city, Hebei province, east of Beijing.

Smithfield Foods, Inc. announced today that it has terminated negotiations with respect to its proposed joint delisting takeover bid, together with Mr. Pedro Ballve, to acquire the remaining shares of Campofrio Food Group, S.A.

DuPont, through its wholly owned subsidiary DuPont Denmark Holding ApS, announced yesterday that it has successfully completed its tender offer for all outstanding shares of common stock of Danisco for DKK 700 cash per share. The tender offer expired on May 13, 2011, at 11 p.m. CEST (5 p.m. EDT).

Maple Leaf Foods announced today that it has entered into a new four year Cdn$800 million revolving credit facility with a syndicate of Canadian, U.S. and international institutions.

As part of the transaction to acquire Mosselprom, Cherkizovo Group has paid $42.1 mln in cash from the Group’s own funds. Given these funds have already been disbursed, the Group has amended the text of its announcement under ‘Terms of Transaction’. The original text stated “the remaining $42.1 mln will be paid in cash”, while the amended text states “the remaining $42.1 mln has been paid in cash” – this is the only revision to the announcement.

On May 10 2011, VION has acquired the German company LARU (Langensiepen und Ruckebier), based in Bottrop.

Exports of U.S. beef and pork continued on a record-setting pace in March, with beef posting a 65 percent gain in value versus year-ago levels and pork showing an impressive 40 percent increase, according to statistics compiled by the U.S. Meat Export Federation (USMEF).

DLG Trendmonitor points to a surge in business optimism, the highest since Spring 2008

Anticipating the approval of the United States/South Korea free trade agreement (FTA) in the coming months, the U.S. Meat Export Federation (USMEF) is launching an expanded and intensified campaign to promote U.S. pork to Korean consumers, importers and meat industry professionals.