Russian banks set for almost half of Agrokor
Two Russian banks could hold almost 50% of the embattled Croatia-based food manufacturer and retailer Agrokor, the largest business in the Balkans set to come under the ownership of its creditors.
A local commercial court said yesterday (20 June) Agrokor's creditors are to vote on a settlement deal on the business on 4 July.
Two-thirds of creditors must vote in favour of the settlement for it to go through and it is expected to receive at least that level of backing.
The vote is on a settlement plan agreed between the extraordinary commissioner overseeing the recovery of Agrokor and a temporary creditors' council.
Under the deal, a Netherlands-based, creditors-owned entity, Aisle Dutch TopCo, will own Agrokor.
Agrokor's largest creditor, Russia's Sberbank, is lined up to be the company's biggest shareholder with a 39.2% stake. A second Russian bank, VTB, would own 7.5% of the business.
Agrokor is the largest company in the Balkans, with retail interests across the region and food-manufacturing assets in sectors such as meat and frozen food. The company is said to generate revenues worth 16% of Croatia's GDP.
Last year, the group was put under state-run administration amid huge debts.
Agrokor-owned businesses include Croatian meat processor PIK Vrbovec, local frozen food and ice cream businesses Frikom and Ledo, as well as Serbian condiments maker Dijamant.
The group also owns Croatian food retail Konzum and Serbia-based grocer Mercator.
Dean Best, managing editor
Lycored partners with culinology pioneer to create healthy craveability at IFT
Lycored will be partnering with top US chef Charlie Baggs at the forthcoming IFT expo (July 15th to July 18th in Chicago).
Baggs is a pioneer of the concept of ‘culinology’, which combines food science with culinary art. He specializes in helping companies satisfy consumer needs by working creatively with taste characteristics todrive superior flavor.
The former Purdue University professor has developed new recipe concepts that showcase Lycored’s tomato-based flavor enhancer, SANTE, and CTC, its Clear Tomato Concentrate. They demonstrate the power of the products to make recipes healthier while also creating “craveability” by enhancing natural umami and kokumi characteristics.
A carrot and apple soup shows how SANTE can reduce salt and cream, while a roasted red pepper sauce with
SANTE and CTC contains lower tomato paste and heavy cream. The third concept is a Tom Yum soup with reduced sweetened condensed milk, coconut milk and soy sauce.
Charlie Baggs, President of Charlie Baggs Culinary Innovations, said: “Lycored’s approach to taste and flavor is similar to mine – we work scientifically to understand the needs of consumers and develop solutions that meet them. I’ve long been interested in the idea of using natural sources of umami to create craveability. These recipes show how effectively you can do that with ingredients from the humble tomato.”
Christiane Lippert, Head of Marketing (Food) at Lycored said: “We were very impressed by Charlie’s passion and his food philosophy. Like us, he’s committed to the natural, clean label, and real food movements and it’s exciting to be working with someone with his track record. The new concepts he has created demonstrate the potential of SANTE and CTC when used alongside natural, real ingredients. We can’t wait to share them.”
SANTE and CTC are part of Lycored’s range of real ingredients from tomatoes. Both have non-GMO certification and can be declared as either ‘tomato concentrate’ or ‘natural flavor’ (depending on local regulations.)
SANTE is a flavor enhancer that allows a reduction in sodium from salt by 30 to 65% in some applications. It is the perfect solution for removal of MSG, yeast extracts, or artificial flavors while giving a great taste boost. CTC is a liquid serum that harnesses the balance of
acidity and high Brix sweetness of tomatoes to bring smoothness and complexity to savory products.
Charlie Baggs and his team will be showcasing the recipe concepts at Lycored’s stand at IFT (S4605 in the South Hall).
Record result: Anuga FoodTec 2018 achieves a significant increase in attendance
The leading international supplier trade fair of the food and beverage industry is continuing to write its success story. After already registering a growth in exhibition space and a two-digit increase in the number of exhibitors (+13 percent) in the run-up to the event, Anuga FoodTec 2018 was also able to achieve a significant rise in the number of visitors: More than 50,000 experts from the food industry informed themselves about the innovations and further developments of the supplier industry from 20 to 23 March. Hence, the number of visitors increased by just under 11 percent in comparison to the previous event. Anuga FoodTec also further increased its level of internationality too. Visitors from 152 countries (+15 countries in comparison to the previous event) impressively underpin its position as the leading international supplier fair for the food and beverage industry. The specialized program organized by the DLG (German Agricultural Society) which included numerous conferences, guided tours and lectures, perfectly enhanced Anuga FoodTec 2018. The organizer of Anuga FoodTec is Koelnmesse. The professional and industry sponsor of Anuga FoodTec is the DLG. Katharina C. Hamma, Chief Operating Officer of Koelnmesse GmbH, explained: "The concept of Anuga FoodTec is unique and successful. The renewed growth across all key figures clearly underlines this. This year's increased number of visitors was above all attributable to the rise in the number of trade visitors from abroad. We were particularly able to register significant growth from the countries China, Italy, Korea, Poland, and Russia as well as from South America. The huge interest from the international guests and the high quality of the visitors shows us that the alignment and concept of Anuga FoodTec do justice to the demands of the trade fair participants. "Anuga FoodTec 2018 presented an array of technological innovations from the entire spectrum of the food and beverage industry," commented Dr. Reinhard Grandke, Managing Director of the DLG (German Agricultural Society) and Chairman of the Advisory Board of Anuga FoodTec, on the excellent standing of the leading international trade fair. "The extensive specialized program on the highly relevant key theme, resource efficiency, offered the international audience numerous opportunities to systematically learn more about the optimization of production processes - always with the aim of consuming less energy and water and reducing the waste of food. In Cologne, the latest scientific findings about food technology were once again linked up with the requirements of business practice in an exemplary way." AFT QUARTERLY 2/2018 Seite 2 von 2 Strong concept: Food technology at the highest level ONE FOR ALL. ALL IN ONE. Once again this year the visitors of Anuga FoodTec experienced the entire production cycle and in the course of which were able to experience live both individual solutions as well as holistic, cross-process concepts across all production stages and food industries. In all five exhibition segments - Food Packaging, Safety & Analytics, Food Processing, Food Ingredients as well as Services & Solutions - the companies presented a cross-industry and cross-production range of exhibition offers. The key topic resource efficiency was one of the omnipresent top themes. From Lotus effect packing that reduces the loss of foodstuffs, to saving raw materials such as water or energy in the production process for example, through to production lines with modular parts for individual products: Anuga FoodTec was once again the innovation hub of the supplier industry. The large variety of offers and impressive exhibitor presences attracted the top decision-makers to Cologne. The exhibitors were impressed by the high quality and professionalism as well as by the internationality of the trade visitors and reported about very good discussions with top-ranking decision-makers. All of the leading food producers worldwide came to Anuga FoodTec. Well-informed: The event and congress programme The product show at Anuga FoodTec was perfectly enhanced by a comprehensive event and congress program, which was organized by the DLG. All of the guided tours were fully booked. The Speakers Corner and the forums also met with high interest among the visitors. Furthermore, the opening conference on the first day of the trade fair, which focused on the leading theme resource efficiency – the opportunities and risks for the food and beverage industry - celebrated a successful premiere. Anuga FoodTec 2018 in figures 1,657 suppliers from 48 countries (2015: 1,479), 60 percent of whom came from abroad, exhibited at Anuga FoodTec 2018. These included 655 exhibitors from Germany and 1,002 exhibitors from abroad. Over 50,000 trade visitors from 152 countries attended Anuga FoodTec 2018, the share of foreign visitors was over 63 percent. The next Anuga FoodTec will take place from 23 to 26 March 2021 in Cologne.
19 PLAN AHEAD, GET AHEAD – Register now and secure plenty of benefits!
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2018 World Pork Expo Showcases Everything Pig Innovation, education and networking round out the expansive offerings, June 6-8.
DES MOINES, Iowa, May 30, 2018 — A record-setting trade show, expanded seminar lineup, elite swine shows, and an abundance of delicious pork are all part of the 2018 World Pork Expo, June 6-8, at the Iowa State Fairgrounds in Des Moines. Presented by the National Pork Producers Council (NPPC) since 1987, Expo has become the must-see event for anyone involved in the U.S. or global pork business.
“As we mark 30 years of Expo, it’s exciting to see how the event has evolved and grown,” says Jim Heimerl, 
NPPC president and producer from Johnstown, Ohio. “It not only reflects the vibrancy of the U.S. pork industry, but also the connectedness of the global marketplace. For anyone involved in pork production, Expo is a wonderful opportunity to discover new technologies, exchange ideas and plan for the future.”
Organizers expect approximately 20,000 producers, employees, industry specialists and other pork professionals, including 1,000 international visitors, to participate in Expo’s three days.
More products, more companies, more exhibits
From the beginning, Expo has featured the world’s largest pork-specific trade show, but this year, it’s even bigger. New to Expo, the Jacobson Exhibition Center (JEC) will join the Varied Industries building to display products, services and technologies from more than 500 U.S. and international companies.
“This will be our biggest trade show ever,” says Doug Fricke, Expo director of trade show marketing for NPPC. 
“Adding JEC and the expanded space also allows for bigger and more elaborate displays; companies are really rolling out the red carpet. All aspects of pork production, from the ground up, will be represented within the trade show.”
Visitors also will find more outdoor exhibits throughout the fairgrounds. On display around the swine, sheep and cattle barns will be products and services associated with live-hog shows. In all, Fricke estimates Expo’s trade show will exceed 360,000 square feet, making it more than 40,000 square feet larger than in 2017.
This year’s expansion extends to the hospitality tents, which will increase from 52 to 60, giving allied industry and producers more opportunities for one-on-one interaction.
Trade show doors will be open from 8 a.m. to 5 p.m. on Wednesday, June 6, and Thursday, June 7, and from 8 a.m. to 1 p.m. on Friday, June 8.
Live-hog shows and youth educational events
The World Pork Expo Junior National is another event that continues to grow and draw participants from across the nation. This premier youth live-hog exhibition begins on Monday, June 4. In addition to show ring competition, the event includes judging contests, certification programs, Skillathon and other educational activities.
Hosted by the National Junior Swine Association and Team Purebred, this year’s Junior National has set another record with 1,450 youth from 34 states entered to participate. That compares to 1,050 exhibitors from 32 states in 2017. The final hog numbers won’t be determined until the actual event but are expected to exceed the 2,500 pigs exhibited last year.
Also taking place in the swine barn on Friday, June 8, is the open show, presented by the National Swine Registry, Certified Pedigree Swine and American Berkshire Association. Divisions include Berkshire, Chester White, Duroc, Hampshire, Landrace, Poland China, Spotted, Yorkshire and crossbred breeding swine, with a sale on Saturday morning, June 9.
Free seminars and entertainment
Educational opportunities have long been a centerpiece of Expo. This year, a record 20 seminars are on the schedule for Wednesday, June 6, and Thursday, June 7. Throughout both days, experts will present the latest innovations and insights into pork production and management at the PORK Academy and Business Seminars. Pork producers, their employees and other pork professionals will have access to experts on a wide range of topics, including sow productivity, water quality and manure management, antibiotic use and resistance, optimizing piglet growth, export and domestic pork marketing strategies, and much more.
MusicFest lights up the stage on Thursday, June 7, from 4:30 to 8:00 p.m. Presented by NPPC, Expo visitors can enjoy a summer evening with the free concert and lots of grilled pork. First up will be the R&B and classic country sounds of Josh Hoyer, a Nebraska native and contestant on season 12 of The Voice. Headlining the evening is The Big Noise, led by Cactus Moser, a musically adventurous group that has recorded and toured with Wynonna Judd over the past five years.
The Big Grill, another long-time Expo staple, will serve free pork lunches from 11:00 a.m. to 1:00 p.m. all three days of the show. Manned by Iowa pork producers and industry personnel, the Big Grill dishes up an estimated 10,000 pork lunches each year.
Don't miss out
The final countdown to the 2018 World Pork Expo is underway, but there’s still time to make plans to attend.
“If you haven’t been to Expo in a while, this is the year to make a return trip. You’ll be amazed to see how much
it’s changed,” says Heimerl. “Expo is a great place to discover what’s new, as well as learn and compare what you will need for your business in the years to come.”
Online registration is available until 5 p.m. CST on May 31. The pre-Expo registration fee is $10 for adults and children 12 years and older, $1 for children ages 6 to 11, and no charge for children 5 years and younger. Onsite registration takes place at Gate 15, with an entrance fee of $20 per adult and $3 for children ages 6 to 11 years. In all cases, the price includes entry for all three days of Expo. A special rate of $10 is available for adults arriving on Friday.
For all the latest updates and details to plan your visit, including room availability at official World Pork Expo hotels, maps and exhibitors, go to Expo’s website. Also connect with Expo by following us on Twitter and Facebook and tagging your posts with the hashtag #WPX18.
Be sure to download the World Pork Expo app, available on Google Play and the Apple store. It will help you navigate the fairgrounds, identify exhibitors that you want to visit and keep you on schedule.
The 30th World Pork Expo has something for everyone, so don’t miss out on everything pig, June 6-8 at the Iowa State Fairgrounds in Des Moines.
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World Pork Expo, the world's largest pork-specific trade show, is brought to you by NPPC. On behalf of its members, NPPC develops and defends export markets, fights for reasonable legislation and regulation, and informs and educates legislators. For more information, visit nppc.org.
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