Showing posts with label printing scandals. Show all posts
Showing posts with label printing scandals. Show all posts

Tuesday, June 18, 2013

Why new Del Monte labels but not safer cans?


It seems that The Del Monte Corporation, doing business as Del Monte Foods, has its hands full. According to its own Web site, the San Francisco-based company is one of the United States of America’s largest and best known producers, distributors, and marketers of branded food and pet products for the American retail market, generating about $3.7 billion in net sales in fiscal 2010.  In an article dated 15 June 2013, Packaging Digest confirms that Del Monte is the largest player in the category.

The latest news is that the company has just come out with extravagant new packaging designed to convince a suspecting public how safe, wholesome, and “natural” their canned products are.  Since last year its marketing agents have also been generating a storm of spin along the same lines.

Yet if the Internet is any indication, it seems that these days Del Monte’s worst publicity nightmare centres on the fact that their can liners have been proven among the worst offenders on record for their concentrations of BPA (Bisphenol-A--a hormone-disrupting chemical that leeches into foods and that research has linked to heart disease, diabetes, cancers, obesity, reproductive problems, and other medical horrors.)   Last year, in response to consumer concerns, soup giant Campbell's already announced its plan to make its canned products BPA-free.

Under these circumstances, from a humanitarian standpoint, does it really make sense that Del Monte’s recent massive marketing impetus has focused solely on the appearance of their labels and how the contents are processed, instead of dealing with the potentially dangerous substance of their packaging?

Or am I missing something?

Additionally, four days ago on 13 June 2013, The Wall Street Journal reported that Del Monte Corp. is exploring a sale of the canned-food business that made it a household name, said people familiar with the matter, as the company increasingly focuses on products for dogs and cats.”
In this event, until further notice, you’ll probably want to start keeping a closer eye on the BPA levels in whatever you’re feeding to Fluffy and Fido.
http://www.delmonte.com/about.aspx

Tuesday, April 2, 2013

Reserve Bank of Australia finally offloads 50% stake in currency printer after graft scandal


I just recovered a lost note to myself from February 2013, reminding me to blog about the following story.  Although at the time it turned out I was too preoccupied with other topics to do it, I thought readers still might still find this information interesting now:
In February 2013 the Reserve Bank of Australia (RBA) finally confirmed the sale of its 50-percent stake in the currency printing firm Securency International Pty. Ltd. to the UK-based buyer Innovia Films Limited.
The RBA (whose Sydney headquarters is shown above) has been trying to offload its stake in Securency since 2010, when eight former managers and employees at the RBA’s Note Printing Australia Ltd. unit (NPA) and Securency were charged in relation to the bribing of officials in Malaysia, Indonesia, and Vietnam from 1999 to 2004 to win bank-note printing contracts.
The recent sale indicates the RBA is “seeking to distance itself from this failure of corporate governance,” said Anil Hargovan, an associate professor specializing in corporate law and governance at the Australian School of Business in Sydney, part of the University of New South Wales.

However, although NPA was also implicated in the Asia bribery scandal, RBA has said that NPA will continue to remain its wholly-owned subsidiary.

Securency was founded in 1996 and is based in Craigieburn, Australia, with a second location in Querétaro, Mexico.  It changed its name to Innovia Security Pty. Ltd. on March 1st, 2013. 

Innovia Films already owned the other 50 percent of Securency before the purchase and has branches in Atlanta, U.S.A.; Melbourne, Australia; Merelbeke, Belgium; and São Paulo, Brazil.