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Press
[-]2010
| 02/04/10 |
| Royal Cosun: high beet price and record sugar beet yield |
| The Board of Royal Cosun has set the price for quota beet from the 2009/10 campaign at € 43.00 per tonne. The beet price was announced during the meeting of the cooperative's members' council in Nijkerk. A distribution will also be made on old shares of € 2.25 per tonne of quota beet with 16% sugar.
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[+]2009
| 09/30/09 |
| Council buys Suiker Unie site |
| Groningen municipal council has bought the Suiker Unie site in the city of Groningen for € 35.2 million. The purchase comprises the factory site, the soil cleaning fields between Hoendiep and the Groningen - Leeuwarden railway line and the soil storage field south of the railway line, with a total area of 124 hectares. The municipal council voted in favour of buying the land at a meeting on 30 September. The transaction is now definite.
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| 04/27/09 |
| Aviko and Eurofrits strengthen ties and seek customer benefits in Iberian alliance |
| Aviko, based in Holland, and Eurofrits from Spain have reached a cooperation agreement resulting in an alliance for the Iberian Peninsula. For this purpose Aviko will take a financial stake in the Eurofrits company.
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| 03/17/09 |
| Cosun maintains position as a healthy cooperative with strong foundations |
| Cosun achieved net turnover for 2008 of € 1,689 million (2007: € 1,713 million). Loss of turnover following the sale of Unifine Sauces & Spices was largely compensated for by higher turnover at a number of other Cosun business groups. Operating profit fell by 14% to € 86 million. Group equity increased to € 725 million (2007: € 705 million). The group funding position is thus comfortably within the limits agreed with the financial institutions. Risk capital as a percentage of total assets increased to 43% in 2008 and remains very healthy.
Suiker Unie and Sensus posted good results. Results on other activities were lower than in 2007. The business groups carrying products and ingredients for the higher market segments were faced with the consequences of demand falling from the 2007 level. Cosun, too, felt the impact of the economic slowdown in its results for 2008.
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| 02/18/09 |
| Suiker Unie given green light to buy German sugar producer |
| Suiker Unie, a member of Royal Cosun, has reached agreement with Nordzucker on the acquisition of the Danisco Sugar facility in Anklam (northeast Germany). The German competition authority approved the transaction today. The acquisition concerns an independent company with its own sugar quota, customer base, sugar factory and related bio-ethanol production plant.
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| 02/05/09 |
| Royal Cosun announces beet price and distribution on shares for 2008 |
| The Board of Royal Cosun has set the price for quota beet from the 2008 campaign at € 39.44 per tonne. The beet price was announced during the meeting of the cooperative's members' council in Nijkerk. A distribution will also be made on old shares of € 0.25 per tonne of quota beet.
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| 01/21/09 |
| Cosun and Avantium announce collaboration |
Production of bioplastics and biofuels from agricultural waste streams
Today, Royal Cosun and Avantium announced the start of their collaboration. The companies join forces to develop a specific process for the production of a new generation of bioplastics and biofuels from selected organic waste streams.
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[+]2008
| 10/16/08 |
| Sale of former Puttershoek sugar factory site near completion |
| Suiker Unie and DHVG are at an advanced stage of negotiating the proposed sale of the 120 hectare site of the former sugar factory in Puttershoek that Suiker Unie no longer uses. The two parties expect to reach final agreement in the next few months.
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| 04/02/08 |
| Royal Cosun reports further growth in 2007 |
| Royal Cosun reports a turnover of EUR 1,713 million for 2007, an increase of 17% on 2006. The greater part of the growth was attributable to the acquisition of CSM Suiker in April 2007. Organic growth amounted to 6.2%. Virtually all activities contributed to the increase in turnover. Operating profit was approximately EUR 11 million lower at EUR 100 million, but before goodwill amortisation and incidental items operating profit increased from EUR 72 million to EUR 115 million.
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| 03/19/08 |
| Appointments at Royal Cosun |
| Cosun has appointed Ms Tine A. van de Werken Control Director and member of the Executive Board of Royal Cosun. She succeeds Robert P. Smith, who will become President and CEO of Cosun on 1 July 2008.
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| 03/06/08 |
| New President and CEO at Royal Cosun |
| The current President and CEO of Koninklijke Coöperatie Cosun UA, Mr C.J. Menkhorst, has announced that he intends to stand down on 1 July 2008. His proposed successor is Mr R.P. Smith.
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| 02/07/08 |
| Royal Cosun announces beet price and distribution on shares for 2007 |
| The Board of Royal Cosun has set the price for quota beet from the 2007 campaign at € 41.31 per tonne. The beet price was announced during the meeting of the cooperative's members' council in Nijkerk. A distribution will also be made on old shares of € 6.00 per tonne of beet.
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| 01/18/08 |
| Martin van de Ven appointed as new CEO at Aviko |
| With effect from 1 April 2008 Martin van de Ven (53) will be appointed as CEO of Aviko, business group of Royal Cosun. In this capacity he will remain a member of Cosun’s Executive Board and he becomes responsible for Aviko’s national and international activities.
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| 01/16/08 |
| Suiker Unie to concentrate sugar production in Dinteloord and Hoogkerk |
Suiker Unie intends to concentrate sugar production at its factories in Dinteloord and Hoogkerk. Production activities at its Groningen factory will be terminated. Owing to the reduction in the quota level in the European sugar regime, production will decline in the years ahead. The two largest sugar factories will increase their production by lengthening the campaign.
The closure will ultimately lead to the loss of all jobs in Groningen. Alternatives will be found for the 98 employees; some will retire under the schemes for elderly employees and staff will be transferred to other Suiker Unie and Cosun companies subject to the existing social policy.
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| 01/14/08 |
| Aviko acquires Eurofreez and Seru & Annoot |
Aviko has reached agreement on the acquisition of the potato processing company Eurofreez and the potato trader Seru & Annoot. The transaction represents a significant increase in Aviko's sale of potato specialities and is a perfect match for the company's strategy. In the years ahead Aviko will seek to considerably strengthen its position in the growing market for potato specialities with high added value.
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[+]2007
| 12/05/07 |
| Unifine Sauces & Spices acquired by Clearwood |
| Royal Cosun and Clearwood have reached agreement on the sale of Unifine Sauces & Spices. The acquisition is still dependent on the opinion of the Works Council.
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| 04/23/07 |
| Royal Cosun doubles operating profit in 2006 |
| Royal Cosun’s turnover for 2006 amounted to EUR 1,469 million, an increase of nearly 10%. Operating profit more than doubled to EUR 111 million, while the result for the year increased sharply to EUR 66 million.
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| 04/20/07 |
| Royal Cosun pleased with NMa ‘green light’ |
| Notification from the Netherlands Competition Authority (NMa) that Royal Cosun may acquire the activities of CSM Suiker has been received with great pleasure by Royal Cosun and its Suiker Unie subsidiary. It has brought a long period of uncertainty lasting three-quarters of a year to an end for the staff of both CSM Suiker and Suiker Unie, and for the sugar beet growers who supply CSM Suiker.
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| 04/02/07 |
| Suiker Unie plans to build a digester |
Suiker Unie is assessing possibilities to build a digester on land belonging to the sewage farm of its sugar factory in Dinteloord, where it could produce biogas from organic material. Initial research indicates that such an investment could be profitable, and would benefit from the growing demand for sustainable energy. Applications for the necessary licences will be submitted during the course of 2007. However, in order to build the fermenter the current land use plan will have to be amended or dispensation will have to be granted.
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| 03/20/07 |
| Aviko to build factory in China |
| Aviko, a member of Royal Cosun, has signed a partnership agreement with the authorities of Zhangye City and Minle County to invest in a potato processing factory in the Chinese province of Gansu.
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| 03/07/07 |
| Cosun takes over bakery ingredients supplier Atlanta Dethmers |
Royal Cosun and Raffinerie Tirlemontoise S.A. have reached an agreement about the sale of Atlanta Dethmers (Groningen, NL) to Cosun. Atlanta Dethmers produces and sells ingredients for the baked goods sector and will become a part of the Unifine Food & Bake Ingredients (Unifine F&Bi) business group. In particular, the range of bakery mixes and cream powders will form an excellent addition to the existing product range of Unifine F&Bi. The takeover concerns the business operations and is effective as of 5 March 2007. The Dethmers bake-off business is not a part of this takeover.
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| 02/08/07 |
| Royal Cosun announces indicative beet price for 2006 |
The Board of Royal Cosun has announced an indicative beet price of € 48.25 per tonne of quota beet from the 2006 campaign. The price was announced during the meeting of the cooperative’s members’ council in Nijkerk.
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[+]2006
| 07/21/06 |
| Cosun aims to strengthen its position in the European sugar market |
Royal Cosun strives at a sustainable Dutch sugar sector, which will be able to prove itself at the European level. The announcement earlier today that CSM intends to sell its sugar division to Cosun fits in with Cosun’s strategy of strengthening the position of its sugar company Suiker Unie in the international sugar market. Partly as a result of the reform of the European sugar market organisation, cost price has become a crucial factor in the European sugar market. By combining resources a further reduction of the cost price can be achieved.
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| 07/06/06 |
| Aviko strengthens position in Swedish chilled potatoes market |
| Aviko, a member of Royal Cosun, recently acquired a 70% interest in Algen AB, Sweden. Algen AB holds 25% of the Swedish market for chilled potato products. The interest dovetails with Aviko’s strategy of achieving further growth in the European market for chilled potato products.
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| 06/06/06 |
| Unifine F&Bi acquires Mundipam (Portugal) |
| Unifine Food & Bake Ingredients (Unifine F&Bi), a member of Royal Cosun (Breda, Holland), and the shareholders of Mundipam Produtos Alimentares SA, a Portuguese producer of pastry and bakery ingredients, have reached agreement on Unifine F&Bi’s acquisition of 100% of the shares in Mundipam. The transaction will take effect on 31 May 2006.
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| 03/28/06 |
| Royal Cosun reports EUR 53 million operating profit |
| Royal Cosun, a manufacturer of natural foodstuffs and ingredients, realised a consolidated net turnover of EUR 1,339 million in 2005. This slight increase in comparison with 2004 was attributable chiefly to the contribution from Nedalco, which was consolidated in full for the first time in 2005.
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| 02/09/06 |
| Royal Cosun announces sugar beet price for 2005 |
| Royal Cosun, a manufacturer of food ingredients, has set the BMS price for the sugar beet supplied during the 2005 campaign at EUR 51.72 per tonne. The cooperative’s Board announced the price during the Members’ Council meeting in Nijkerk on 8 February.
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[+]2005
| 03/17/05 |
| Royal Cosun realises good operating profit and highest net profit ever |
| Royal Cosun, a manufacturer of natural foods and ingredients, realised a consolidated turnover of EUR 1,317 million in 2004, virtually the same as in 2003. Offsetting the loss of turnover from Unifine Richardson, which was sold at the beginning of 2004, higher turnover was achieved from the international sugar operations and Aviko. Operating profit before exceptional items and amortisation goodwill increased from EUR 65 million to EUR 72 million. The improvement was due chiefly to the Dutch sugar activities, Sensus and the compound ingredients activities (in particular Unifine Food & Bake Ingredients and SVZ).
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| 02/09/05 |
| Royal Cosun announces 2004 sugar beet price |
| Royal Cosun, a manufacturer of ingredients for the food industry, has set the BMS price for the sugar beet supplied during the 2004 campaign at 58.15 euro per tonne. The cooperative’s Board announced the price during the Members’ Council meeting in Nijkerk on 8 February.
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| 01/24/05 |
| Aviko Rixona's acquisition of Nestlé Nederland's potato activities definite |
| Aviko Rixona, a member of the Aviko group, and Nestlé Nederland have reached agreement on Rixona’s acquisition of Nestlé’s potato activities in Venray, the Netherlands. The acquisition was first announced in mid-May 2004. The activities are expected to be transferred on 31 January 2005.
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[+]2004
| 12/22/04 |
| Sale CSM's stake in Nedalco to Royal Cosun completed |
| Diemen/Breda, The Netherlands, 22 December 2004 – Today, CSM and Royal Cosun completed the transfer of CSM’s shares in Koninklijke Nedalco. This makes Cosun the sole owner of Nedalco. The intention to carry out this transaction was announced on 2 December 2004.
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| 12/22/04 |
| Suiker Unie to end sugar production in Puttershoek |
| Suiker Unie intends to end production of sugar at its Puttershoek factory after the 2004 campaign. The sugar factories in Groningen and Dinteloord will assume Puttershoek’s production. The beet growers’ geographical position in relation to the sugar factories was the decisive factor in the decision. The proposed closure will lead to the loss of 135 jobs. Suiker Unie will try to find alternative positions for the staff concerned, in part through the early retirement of older employees both at the Puttershoek and at the other sugar factories.
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| 12/02/04 |
| CSM sells stake in Nedalco to Royal Cosun |
Diemen/Breda, The Netherlands, 2 December 2004 - CSM and Royal Cosun have reached an advanced stage in their negotiations on the sale of CSM’s 39% stake in Koninklijke Nedalco. The intended transaction will make Cosun the sole owner of Nedalco. The takeover price for CSM’s stake in Nedalco amounts to EUR 24.5 million and is expected to result in a net book profit of about EUR 14 million begin 2005.
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| 09/06/04 |
| Royal Cosun completes sale of interest in Advanta B.V. |
| On 11th May 2004, Royal Cosun and AstraZeneca Holdings B.V. agreed to transfer each of their 50% shareholdings in Advanta B.V. to Syngenta for the sum of 400 million euros, plus a settlement to be based on net asset value. Following receipt of regulatory clearances, the transaction was completed on 1st September 2004.
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| 05/14/04 |
| Aviko interested in Nestlé’s potato activities
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This is a joint press release by Aviko and Nestlé Nederland.
14 May 2004 – The managers of Nestlé Nederland and Aviko today informed their workforces of Aviko’s interest in part of Nestlé Nederland’s potato activities. Talks are being held with regard to all of Nestlé’s potato processing activities at its production site in Venray and the sale of potato products to third parties (including customers in the industrial channel).
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| 05/12/04 |
| Royal Cosun sells interest in seed company Advanta |
Royal Cosun, manufacturer of food ingredients, and co-shareholder AstraZeneca PLC have reached agreement to sell their shares (50 % each) in the Advanta group to Syngenta. The total consideration will comprise € 400 million, plus a final net asset value adjustment.
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| 04/21/04 |
| NMA started investigation at Royal Cosun
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This morning (21st April), the Netherlands Competition Authority (NMa) started an investigation at Royal Cosun and its subsidiary Suiker Unie.
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| 03/18/04 |
| Cosun achieves satisfactory result |
Royal Cosun, a manufacturer of natural foodstuffs and food ingredients, achieved a consolidated turnover of EUR 1,321 million for 2003, an increase of 20% in comparison with 2002. Operating profit amounted to EUR 34 million (2002: EUR 56 million). Although the reported operating profit was lower than in 2002, Cosun is satisfied with the outcome since the decline is attributable to non-recurring items, the main ones being the write-down of capitalised goodwill and the cost of closing certain production sites. After adjustment for these one-off effects, operating profit was more than 20% higher. On balance, net profit was EUR 7 million lower at EUR 31 million.
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| 02/10/04 |
| Royal Cosun announces sugar beet price |
Royal Cosun, a leading manufacturer of food ingredients, has set the BMS price for the sugar beet supplied during the 2003 campaign at € 54.79 per tonne. At average sugar content, this corresponds to a price of € 59.60 per tonne of BMS beet, an increase of 14% on 2002. The cooperative’s Board announced the price during the Members’ Council meeting in Nijkerk on 10 February.
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| 02/04/04 |
| Royal Cosun sells Canadian subsidiary to Heinz |
Royal Cosun and Heinz Canada, reached agreement on February 3, 2004 regarding the sale of Richardson (Canada) to Heinz. Richardson has been a member of Unifine, a specialist in products for the foodservice sector, since the summer of 1998.
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