11.01.2011

DuPont's Danisco Takeover Boosts European Food Ingredient Sector Shares

Shares in European food ingredient groups rose sharply on Monday as U.S. giant DuPont agreed a $5.8 billion takeover of Danisco after coming up with the best bid for the Danish food company. With few potential suitors seen having the financial muscle to outbid the U.S chemical group, attention switched to Danisco's rivals whose shares jumped to reflect the generous bid level and further possible takeover activity, analysts said. more02.03.2010

A Rose in the Bud

The Graduate has one of the most memorable lines in movie history. "There's a great future in plastics," the protagonist Ben is advised, and it's a piece of advice that turned out to be prescient. Driven by steady improvements in cost, quality and choice in the petrochemical industry, plastics have become ubiquitous for packaging, containers, fabrics, coatings and other customer durables. Petrochemicals also deliver the key ingredients for cosmetics, personal care and many of our food and pharmaceutical products. more