The Food Institute Report articles from April 2003

The Food Institute Report archives from April 2003

Processed vegetable acreage intentions flat.
April 7, 2003... Processors expect to contract 1.28 million acres of the five major processed vegetable crops in 2003. Acreage increases are forecast for cucumbers for pickles, green peas, and tomatoes while snap beans and sweet corn show decreases. ...

Fleming's retail customers have contingency plans.
April 7, 2003... Calling it a bridge to a permanent $150 million financing package, Fleming Companies, Inc. received a $50 million commitment in connection with its recent Chapter 11 bankruptcy filing to allow it to develop a vendor support program that will...

Americans eating out less, but takeout might see a boost.(Brief Article)
April 7, 2003... Between the war in Iraq and a weak economy at home, Americans have been eating out less, however, according to research by The NPD Group Inc., takeout is one segment of the restaurant business that might benefit from all of today's uncertainty....

Consumers prefer to customize choices rather than order "off the menu".(Brief Article)
April 7, 2003... National Restaurant Association research indicates that 70% of Americans customize their food choices--which means an overwhelming majority of people aren't just simply ordering off-the-menu anymore. They are tailoring their order, and ordering...

SEC requests information about U.S. foodservice from major food makers ...(Brief Article)
April 7, 2003... At least six major food companies have been asked by Federal investigators for documents and other information about their dealings with U.S. Foodservice Inc. Officials at Kraft Foods Inc., H.J. Heinz Co., General Mills Inc., Sara Lee Corp.,...

... While U.S. foodservice rebates due to military are under scrutiny.(Brief Article)
April 7, 2003... Meanwhile, U.S. Foodservice may have failed to pass along millions of dollars in rebates to government customers, including the U.S. military, public schools, prisons and state agencies, The Wall Street Journal reported, citing current and...

Ahold sheds South American unit.(Brief Article)
April 7, 2003... In other Ahold news, the company plans to sell all its South American supermarket operations to cut its debt. Ahold is not in specific negotiations for operations in Brazil, Argentina, Peru or Paraguay, but is currently in the process of...

Wal-Mart tops fortune 500 list.
April 7, 2003... Wal-Mart Stores, Inc. topped the Fortune 500 list for the second consecutive year, showing enough worldwide growth to possibly secure the position permanently. In 2002, a year in which aggregate revenue slid for only the sixth time in the...

Starbucks Coffee International and the Delek Group of Israel mutually agreed to end their joint venture in Israel.(Brief Article)
April 7, 2003... * Starbucks Coffee International and the Delek Group of Israel mutually agreed to end their joint venture in Israel. Following this decision, the joint venture company, Shalom Coffee Company, will close its six Starbucks stores in Tel Aviv.

Logistics costs are rising, but supply chain more responsive, says GMA.(Brief Article)
April 7, 2003... Supply chain managers have succeeded in shortening the order-to-delivery cycle by an average of 79 hours--more than three days--since 1999, according to the results of the 2003 logistics benchmark study released at the Grocery Manufacturers of...

Sandwich-cafe chain Briazz, which reported escalating losses, deferred payments to some landlords and suppliers and, if they demand their money and Briazz cannot pay, the company said it might have to close stores or "cease operations altogether". (On The Foodservice Front).(Brief Article)
April 7, 2003... * Sandwich-cafe chain Briazz, which reported escalating losses, deferred payments to some landlords and suppliers and, if they demand their money and Briazz cannot pay, the company said it might have to close stores or "cease operations...

Luby's Inc. (On The Foodservice Front).(Brief Article)
April 7, 2003... * Luby's Inc. will close down about 50 restaurants as part of a two-year business plan designed to return it to profitability by focusing on the Texas markets. Thirty of the restaurants will be shut down by Apr. 30.

Cosi Inc. (On The Foodservice Front).(Brief Article)
April 7, 2003... * Manhattan, NY-based gourmet sandwich chain Cosi Inc. will close 13 restaurants and canceled plans to open 25 more this year. Cosi has obtained a $3 million loan from First Republic Bank and plans to raise $12 million this spring through a...

Panera Bread Co. (On The Foodservice Front).(Brief Article)
April 7, 2003... * Panera Bread Co. plans to open 120 new bakery-cafes in 2003--up from 100 new outlets last year. Panera grew from 183 stores in 1999 to 478 stores in 32 states through 2002, with about 70% owned by franchisees. The company's 2000 sales of...

Kitchen 82. (On The Foodservice Front).(Brief Article)
April 7, 2003... * Kitchen 82, a concept created by the highly-regarded New York chef Charlie Palmer, is opening in April on West 82nd Street. Catering to individuals who like good food but without the pricey tab, it joins the popular Kitchen 22, which opened...

Red Robin Gourmet Burgers Inc. (On The Foodservice Front).(Brief Article)
April 7, 2003... * Red Robin Gourmet Burgers Inc., a rapidly-expanding Greenwood Village, CO-based chain, featuring more than 22 gourmet burgers as well as soups, salads, appetizers, sandwiches, chicken, seafood and pasta, plans to open 18 company units in...

White Castle. (On The Foodservice Front).(Brief Article)
April 7, 2003... * On Apr. 3, White Castle opened its latest restaurant in Fairfield, OH that features new drive-thru technology allowing customers and employees to see each other through a video unit in the board. The system is expected to decrease errors...

New product intros healthy.(Brief Article)
April 7, 2003... New product launches for the first two months of this year, at 3,966 entries, are outpacing the comparable period in 2002 by 531 entries, according to tracking by New Product News (March). A striking change was cited in the food segment during...

Millennium Custom Foods. (New Product Roundup).(Brief Article)
April 7, 2003... Millennium Custom Foods, Arlington Heights, IL, has launched Kegger Mini Bratz Battered Prebrowned Cooked Bratwurst Fritters. Each carton, which comes with a spicy mustard dipping sauce, contains at least 60 pieces...

Mille Lacs. (New Product Roundup).(Brief Article)
April 7, 2003... Mille Lacs, Madison, WI, is out with Mille Lacs Beer Cheese Spread in two varieties--Bavarian Lager and Wisconsin Amber...

King's Command Foods. (New Product Roundup).(Brief Article)
April 7, 2003... King's Command Foods, Kent, WA, is marketing Just-A-Minute Appetizers: Oven-Baked Meatballs with BBQ Sauce, Swedish Sauced Meatballs, and Marinara Meatballs...

ConAgra Frozen Foods. (New Product Roundup).(Brief Article)
April 7, 2003... ConAgra Frozen Foods, a division of ConAgra, Omaha, NE, has expanded its offerings with Kid Cuisine Themed Meals For Kids. Cheese Blaster Mac & Cheese, Alien Invasion Pepperoni Pizza and Cheese Pizza Pizza Painter are included in the 10-item...

Robert Rothschild Berry Farm. (New Product Roundup).(Brief Article)
April 7, 2003... Robert Rothschild Berry Farm, Urbana, OH, has launched Robert Rothschild Farm Chocolate Hazelnut Cookie Dip, for cookies or as a sweet topping...

Sorrento Cheese. (New Product Roundup).(Brief Article)
April 7, 2003... Sorrento Cheese, Buffalo, NY, is marketing President Gourmet Cream Cheese in six varieties: Cinnamon & Raisin, Herb & Garlic, Berry, Horseradish, and Garden Vegetable...

Bass Lake Cheese Factory. (New Product Roundup).(Brief Article)
April 7, 2003... Bass Lake Cheese Factory, Somerset, WI, has introduced Bass Lake Cheese Factory Juustoleipa Cheese, "slightly squeaky cheese" with a buttery flavor. It is said to be based on a traditional Finnish-style "bread cheese," which can be enjoyed warm...

Other meal options in competition with pasta sauces.
April 7, 2003... The U.S. pasta sauce market had sales of $1.5 billion in 2002, an increase of 6% since 1997, according to a new Mintel report. The majority of the pasta sauce market is shelf stable, either in glass jars or in cans. This segment experienced a...

Dairy Farmers of America.(Inntroduces National Chocolate Milk)(Brief Article)
April 7, 2003... * Dairy Farmers of America, Springfield, MO, is marketing National Chocolate Milk, the first and only domestically produced real chocolate milk in aluminum cans... New Product News (March)

Winter Gardens Quality Foods.(Brief Article)
April 7, 2003... * On Apr. 25, Winter Gardens Quality Foods will close its plant in Salisbury Township, PA, which produces a variety of foods, including entrees and stuffed baked potatoes, much of which is sold to supermarkets and other private-label buyers....

Ocean Spray Cranberries Inc.(Brief Article)
April 7, 2003... * Ocean Spray Cranberries Inc., Lakeville, MA, cut 58 corporate positions in an effort to restore profitability to the fruit growers that own the cooperative.

High calorie and comfort food sales.(Brief Article)
April 7, 2003... * High calorie and comfort food sales are said to be on the rise with the war underway in Iraq. One e-mail survey found that 70% of 4,000 respondents are eating 20% more calories, and more fat, since the war began, outlined a recent issue of...

Seattle, WA-based Jones Soda signed a three-year agreement with Barnes & Noble Booksellers.(Brief Article)
April 7, 2003... * Seattle, WA-based Jones Soda signed a three-year agreement with Barnes & Noble Booksellers to sell its line of noncarbonated juices and teas in all of the bookstore's U.S. cafes... The Seattle Times (Apr. 3)

Albertsons Inc.(Brief Article)
April 7, 2003... * Albertsons Inc. is meeting or beating the prices against its traditional competitors in 16 of the company's 17 major markets and the company will continue cutting into profit margins for pricing and promotion efforts, the company's CFO told...

Fresh Grocer.(Brief Article)
April 7, 2003... * Patrick J. Burns, who has five Fresh Grocer stores in the Philadelphia, PA area, has more stores in the works for the market. The Fresh Grocer concept has a heavy emphasis on a variety of items made fresh on the premises... The Philadelphia...

Harvard University.(Research on health benefits of diets rich in fish)(Brief Article)
April 7, 2003... * Women with diabetes appear to receive the heart-healthy benefits of a diet rich in fish, according to researchers at Harvard University in Boston. The biggest reduction in risk was seen in women who ate fish at least five times per week, who...

Monterey Pasta Company.(Brief Article)
April 7, 2003... * Monterey Pasta Company, Salinas, CA, launched its new line of 7-oz. Baked Stuffed Sandwiches. The spiced cornbread-style dough sandwiches contain either Texas Style BBQ Beef, Chicken Chile Verde, Black Bean & Corn or Beef Fajita filling....

Bunge Limited, White Plains, NY, and DuPont formed The Solae Company to develop and market branded, plant-based specialty food ingredients.(Brief Article)
April 7, 2003... * Bunge Limited, White Plains, NY, and DuPont formed The Solae Company to develop and market branded, plant-based specialty food ingredients. Initially, the company's annual revenues are expected to exceed $800 million... CBS MarketWatch (Apr....

Hibernia Foods plc.(Brief Article)
April 7, 2003... * Hibernia Foods plc will close its ready-meals and cake manufacturing facility in Bristol, UK and relocate production to other locations... CBS MarketWatch (Mar. 28)

Dollar Tree Stores Inc.(Brief Article)
April 7, 2003... * Dollar Tree Stores Inc., Chesapeake, VA, opened its first of 40 stores planned in 2003 that might be considered super-sized for Dollar Tree. The new genus of Dollar Tree is about 14,000-sq. ft. larger than the typical Dollar Tree mall store,...

Starbucks Corp.(Brief Article)
April 7, 2003... * Starbucks Corp. is experiencing some sales declines in parts of Asia due to the outbreak of severe acute respiratory syndrome, or SARS. The world's largest specialty coffee retailer closed one outlet, located in a quarantined hospital in...

Corporate name change: Dan Carter, Inc. of Mayville, WI, a leading supplier in the cheese industry, is now DCI Cheese Company.(Brief Article)
April 7, 2003... * Corporate Name Change: Dan Carter, Inc. of Mayville, WI, a leading supplier in the cheese industry, is now DCI Cheese Company. The company features brands such as Black Diamond, Auricchio Americano, Organic Creamery ,Great Midwest, Black...

SureBeam Corporation announced that consumers can now buy SureBeam processed fresh ground beef in stores operated by The Great Atlantic & Pacific Tea Company, Inc.(Brief Article)
April 7, 2003... * SureBeam Corporation announced that consumers can now buy SureBeam processed fresh ground beef in stores operated by The Great Atlantic & Pacific Tea Company, Inc. in the New York metropolitan area and the mid-Atlantic states.

Kmart Corp.(Brief Article)
April 7, 2003... * Kmart Corp. will eliminate 660 jobs as part of its efforts to cut costs and reduce the size of its operations. Some 400 jobs will be cut at headquarters, 123 corporate positions will be cut around the country and another 137 positions...

YoCream International is testing a new line of soy-based soft frozen desserts.(Brief Article)
April 7, 2003... * YoCream International is testing a new line of soy-based soft frozen desserts. The products have been developed at the request of SYSCO Corp. in response to what it perceives to be a rising consumer desire for healthy products.

Georgia-based IN ZONE Brands, Inc., creator of the interactive beverage category and maker of Tummy Tickler 100% real fruit juices, and Sesame Workshop, have teamed up to launch a novel line of Tummy Tickler juices topped with Elmo, Big Bird, and Cookie Monster-shaped bottle tops.(Brief Article)
April 7, 2003... * Georgia-based IN ZONE Brands, Inc., creator of the interactive beverage category and maker of Tummy Tickler 100% real fruit juices, and Sesame Workshop, have teamed up to launch a novel line of Tummy Tickler juices topped with Elmo, Big Bird,...

Mergers & acquisitions.
April 7, 2003... Applebee's International, Inc., Overland Park, KS, completed its acquisition of 11 franchise restaurants in Illinois, Indiana, Kentucky and Missouri (see FOOD INSTITUTE REPORT, Jan. 27, page 7). Cadbury Schweppes plc completed its purchase...

King's Super Markets still without buyer.(Brief Article)
April 7, 2003... Three-and-a-half years after it was first put up on the block and four months after a deal unraveled, Parsippany, NJ-based Kings Super Markets Inc. is still for sale, noted NorthJersey.com (Apr. 3). "There are more potential buyers in the...

Latest financial reports (000 omitted).(Brief Article)
April 7, 2003... LATEST FINANCIAL REPORTS (000 omitted) Current % Chge. Year Year Ago CAL-MAINE FOODS, INC. (Jackson, MS) 13 Wks. To Mar. 1: Sales $106,800 23.0% Net...

Identifying Global Mega Brands.
April 7, 2003... ACNielsen examined more than 200 brands from over 50 manufacturers across 50 countries in the consumer goods industry and found that 62 brands met the criteria for being Global Mega Brand Franchises. Global Mega Brand Franchises are brands that...

Farm-trade barriers restricting U.S. exports, report says. (Washington).
April 7, 2003... Farm-trade barriers are limiting U.S. exports and hurting American companies, according to the "2003 National Trade Estimate Report on Foreign Trade Barriers," a report released by the U.S. Trade Representative's Office. The annual report,...

Courts rule on promotional board cases. (Washington).(Brief Article)
April 7, 2003... The payments that apple growers are forced to make to support the Washington Apple Commission and its promotion of the state's apple crop are unconstitutional, a federal judge ruled Mar. 31, reported Newsday (Mar. 31). The ruling by U.S....

Comments requested on maintaining good health. (Washington).
April 7, 2003... FDA's Task Force on Consumer Health Information for Better Nutrition established a docket--Docket No. 03N-0069--to receive public comments on how to facilitate the flow of truthful, non-misleading, scientifically based information to consumers...

School lunch matter still before congress. (Washington).(Brief Article)
April 7, 2003... The House of Representatives passed a motion (by a vote of 299-22) on Apr. 1 to provide instructions to House conferees on the Budget Resolution for Fiscal Year 2004 (H.Con. Res. 95). The motion, offered by Rep. John Spratt (D-SC), instructs...

Food recalls reported. (Washington).(Brief Article)
April 7, 2003... Ben & Jerry's has recalled certain Karamel Sutra Ice Cream pints. The ice cream was distributed to retail stores nationwide. Reason for recall: The products contain undeclared peanuts. Sara Lee Bakery Group, St. Louis, MO, has recalled...

You should know ...
April 7, 2003... ... The Senate voted down a move by some Democrats that would add $1 billion to strengthen port security as part of a nearly $80 billion measure to finance the war in Iraq. Key Republicans said they favor providing more funds for port security,...

Importation of cooked meat & meat products. (Noted In The Federal Register).(Brief Article)
April 7, 2003... IMPORTATION OF COOKED MEAT & MEAT PRODUCTS: USDA is amending the regulations governing the importation of certain animals, meat and other animal products to allow meat cooked in plastic in processing establishments located in regions where...

Produce. (Markets).
April 7, 2003... SELECTED U.S. EXPORTS OF FRESH FRUITS JAN. 1-FEB. 1, 2003 (Source: Bureau of Census) Volume % Chge. % Chge. (1,000 Prev. Value Prev. ...

Canned vegetables. (Markets).
April 7, 2003... ***USDA HAS PURCHASED*** CANNED WHOLE KERNEL CORN *Deliveries between Apr. 1, 2003 - June 30, 2003* 24/300 Delivered Cases Cost Whole Kernel Corn 35,190 ...

Tomato products. (Markets).(Brief Article)
April 7, 2003... The California Tomato Growers Association has received an offer of $49.50 per net ton from one major tomato processor, based on last year's evaluation. The processor based their offer on Cost of Production studies conducted by the company that...

Frozen vegetables. (Markets).
April 7, 2003... SELECTED FROZEN VEGETABLE EXPORTS JAN 1 - FEB. 1 (Source: Bureau of Census) 1,000 Pounds: 2003 2002 % Chge. Peas 2,089 1,747 19.6% Mexico ...

Canned fruits. (Markets).
April 7, 2003... SELECTED U.S. EXPORTS OF CANNED FRUIT JAN. 1-FEB. 1, 2003 (Source: Bureau of Census) Volume Value (1,000 Lbs.) % Chge. ($1,000) % Chge. Citrus Fruits ...

Processed fish. (Markets).(Brief Article)
April 7, 2003... U.S. Tuna Foundation Responds To Advocacy Groups' Statements Research and government recommendations continue to support that eating fish is far more beneficial for consumers than avoiding it. However, organizations such as the Mercury...

Dried vegetables. (Markets).
April 7, 2003... CALIFORNIA BEANS--Trading activity is very slow and demand is light to very light. CALIFORNIA DRIED BEAN PRICES Current Week Year Ago Per cwt. (f.o.b.) Baby Lima $31.00 - $32.00 $36.00...

Dried fruits. (Markets).
April 7, 2003... RAISINS--USDA issued an interim final rule that establishes final volume regulation percentages for 2002-03 crop Natural (sun-dried) Seedless (NS) and Zante Currant (ZC) raisins covered under the Federal marketing order for California raisins,...

Nuts & nutmeats. (Markets).(Brief Article)
April 7, 2003... U.S. EXPORTS OF NUTS AND NUTMEATS, JAN. 1- FEB. 1, 2002 (Source: Bureau of Census) Pounds: 2003 2002 % Chge. Hazelnuts, Inshell 874,402 3,937,287 -77.8% Hong Kong 677,042...

Frozen fruits. (Markets).
April 7, 2003... SELECTED U.S. FROZEN FRUIT EXPORTS JAN. 1 - FEB. 1, 2003 % Chge. Volume % Chge. Value Prev. (1,000 Lbs.)...

Juices & concentrates. (Markets).
April 7, 2003... FCOJ--The U.S. imported 5.4 million gallons of FCOJ, 65 Brix, in containers over 3.785 liters in the first month of 2003. Brazil supplied 86% of the volume during the first month of 2003, compared to 71% last year. Orange production in...

Butter. (Markets).(Brief Article)
April 7, 2003... BUTTER MARKET, WK. ENDING APR. 4 (Source: USDA) Cents Per Pound: 04/04/2003 03/28/2003 Chge. Grade AA 108.75 108.75 NC

Cheese. (Markets).(Brief Article)
April 7, 2003... CHEDDAR CHEESE MARKET APR. 4 Cents Per Pound: 04/04/2003 Chge. Fr. Last Wk. Barrels 109.00 +4.00 Blocks 112.00 +3.50

Eggs. (Markets).(Brief Article)
April 7, 2003... EGG PRICES TO RETAILERS WEEK ENDING APR. 4 (Source: USDA) This Wk. Ending Chng. From Wk. Cents per dozen: Week Mar. 28 Ending Mar. 28 Extra Large-NY 80-84 80-84 NC...

Chicken. (Markets).(Brief Article)
April 7, 2003... PRELIMINARY BROILER PRICES FOR DELIVERY THE WEEK OF APR. 7 Cents Per Pound: This Week Last Week Chicago 47.00-50.00 47.00-50.00 Cleveland Too Few Too Few Detroit Too Few Too...

Futures prices. (Markets).(Brief Article)
April 7, 2003... FUTURES PRICES (Source: Wall Street Journal) Cash May July As of Apr. 3, 2003: Price Futures Futures Corn, bu. $2.36 $2.3875 $2.3925 Soybeans, bu. ...

Commodity prices. (Markets).(Brief Article)
April 7, 2003... COMMODITY PRICES (Source: Wall Street Journal) Week Week % Chge. Ended Ended Last Apr. 3 Mar. 27 ...

Economy, war concerns impact merger activity in food industry in 2003.
April 14, 2003... Amid a lackluster economy and imminent war threats, just 75 food business mergers and acquisitions were recorded by the Food Institute in the first quarter of 2003, less than half the 153 announced deals tracked in the first quarter a year...

Wholesale prices decline 0.6% during March.(fresh fruits and vegetables)
April 14, 2003... Sharply lower prices for fresh fruits and vegetables during March (down 21.1% and 36.5%, respectively) from the same month last year offset higher costs for shortening (up 15.3%) and eggs (up 5.7%), leaving the Producer Price Index for all...

Wal-Mart considers buying wholesale club chain.
April 14, 2003... Wal-Mart Stores, which already owns No. 2 warehouse retailer Sam's Club, is considering buying the No. 3, BJ's Wholesale Club, for $1.4 billion, reported TheDeal.com, which says Wal-Mart wants BJ's primarily for its East Coast stores. Quoting...

Outback to open 90 units in 2003.(Brief Article)
April 14, 2003... Outback Steakhouse Inc. will spend $175 million to $200 million this year to open at least 90 restaurants in the U.S. and abroad. At the end of the 2003 expansion, the Tampa, FL-based company will have more than 1,000 restaurants representing...

Companies want to sell fresh cut citrus.((Florida Citrus Partners))
April 14, 2003... In the past 12 years, the fresh cut fruit and vegetable industry has grown from scratch into a $12 billion industry, as people are tired of chopping and skinning the fruits and vegetables themselves, reported The Tampa Tribune (Apr. 5). ...

"Advertainment" trend takes brands beyond commercials.
April 14, 2003... Marketers are going beyond commercials to put their brands into TV show content, taking part in a trend dubbed advertainment. Some companies are also embedding their brands in shows to protect themselves from ad-zapping technology such as TiVo,...

General mills using creative ways to save money.(Brief Article)
April 14, 2003... General Mills is utilizing some creative methods to reach its goal of saving $800 million in the next 10 years. An estimated 80% of savings in the supply chain--which includes the processes necessary to manufacture and deliver its...

McDonald's divulges detailed plans for 2003.
April 14, 2003... McDonald's plans capital spending in 2003 of $1.2 billion in 2003, down from its original projection of $1.9 billion and down from $2 billion of capital spending last year. This year, the Oak Brook, IL-based company will refurbish only 1,000 of...

Retail sales: grocery store sales up only 1.2%.
April 14, 2003... "Unadjusted" sales at U.S. supermarkets in declined 1.2% over the same month last year and but increased 8% from February to $36.3 billion. Last year, March sales rose 12% from February. For the first three months of 2003, grocery store sales...

Retail sales: foodservice & drinking place sales reach $29.8 billion in March. (Retail Sales).
April 14, 2003... Despite the start of the war in Iraq and a lingering weak economy, total foodservice and drinking place sales rose 4.0% during March over the same month of 2002 and increased 12.4% from February. The Food Institute estimates that full service...

Eagle Food Centers, Inc. and four of its wholly-owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code.(Brief Article)
April 14, 2003... * Eagle Food Centers, Inc. and four of its wholly-owned subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code. To maintain an uninterrupted flow of merchandise to its stores and support ongoing...

Kraft Foods Inc.(Life Savers plant in Michigan closes)(Brief Article)
April 14, 2003... * The lone U.S. factory that makes Life Savers, in Holland, MI, closed on Apr. 11, as Kraft Foods Inc. consolidates its entire Life Savers production to a 900,000-sq. ft. facility in Mount Royal, Quebec. The move results in the loss of 600 jobs...