EU bans ‘dual food’ to restrict sale of low quality food

EU - The European Union has issued a directive to ban ‘dual food’ to tackle the issue of known brands selling its food products of lower quality in some markets in the EU. The commission is set to provide a methodology for testing multinational brands to help identify the real culprits when they try to…

Valio net sales jump 4.3% despite challenging market

FINLAND - Valio, the Finnish dairy manufacturer closed the 2017 financial year with 4.3% increase in net sales to US$2.10billion for the group after being able to pay the co-operatives a steady milk price despite unfavourable conditions in some of the markets. Apart from entering new consumer markets, Valio was able to introduce more than…

Arla introduces cost-cutting program, ‘Calcium’ to save 400m euros

DENMARK - Arla has unveiled a new program, ‘Calcium’, a transformative cost-cutting initiative which it said will enhance efficiency, thus saving more than US$492 million for the next three years. Based on Good Growth 2020 Arla strategy that aims to create value for farmer owners, the company remains committed to strong sustainable growth as it…

Arytza appoints former Unilever executive as CEO for Europe

SWITZERLAND - Arytza, the Swiss-Irish food group announced it has appointed Gregory Sklikas, former executive at Unilever and FrieslandCampina as new CEO for Europe effective May 2018. Gregory will succeed Dermot Murphy who’s stepping down, having served in the position for 20 years. He spent his career at Unilever for 14 years and 11 years…

JBS to reduce greenhouse gas emmissions by 20% by 2020

USA - JBS USA,a leading processor of beef, pork and lamb in the U.S, has laid down its 2020 Sustainability goals, targeting to reduce its greenhouse gas emmissions by 20%, reducing water use by 10%, natural gas use by 20%, electricity use by 12%. Releasing its 2017 sustainability report, the company said it was on…

Zeder Ltd financial report falls from harsh macro environment impact results

SOUTH AFRICA - Zeder Investments Ltd., the South African company that focuses on agri, food and beverage sectors said its financial results for the year ended 28 February 2018 was impacted by challenging macro conditions. Most of its portfolio companies including Pioneer Foods, Capespan, Zaad and Agrivision Africa reported losses from the impact. According to…

Guinness Nigeria commits to sustainability through waste management

NIGERIA - Guinness Nigeria Plc has beefed up its commitment to waste management through a partnership with Wecyclers, an enterprise that promotes environmental sustainability, socioeconomic development, and community health, reports Vanguard. The partnership delivers on the company’s 4R waste management strategy covering Reduction, Reuse, Recovery and Recycle. It also addresses global concerns on the impact…

Nestle reports a 2.8% organic growth with sales increase to US$22b

SWITZERLAND - Nestlé S.A, the Swiss transnational food and drink company has reported 2.8% organic growth, starting the year with 1.4% increase in sales to US$22billion. In 2018, Nestle is looking forward to 2-4% growth in organic sales, US$723 million in restructuring costs and increase its underlying earnings per share in constant currency and capital…