AB InBev and SA Breweries invest US$30m in new production line

SOUTH AFRICA - Anheuser-Busch (AB) InBev Africa and South African Breweries (SAB) have invested US$30.92 million in a new production line launched at SAB’s Ibhayi Brewery in Port Elizabeth. This is the second line at the brewery, which was commissioned in 2001 with US$45.91 million in investment. According to Engineering News, the new packaging line…

Unilever Ghana names Gladys Amoah as new Managing Director

GHANA – Unilever Ghana, the country’s largest producer and retailer of consumer goods has appointed Mrs Gladys Amoah as the new Managing Director effective November 1, 2018. Prior to her appointment, the new MD was the Customer Development Director of Unilever Ghana, a position served since 1 November 2016, according to GNA. She succeeds Mr…

Cargill and DSM to establish a joint venture for zero-calorie sweetener options

USA – Royal DSM and Cargill have partnered to form a joint venture that seeks to develop zero-calorie, great tasting sweetener options for food and beverage producers. This comes to address the increasing need for healthier sweeteners which are non-artificial, provide less calories without compromising on the final product taste and preferences. The new venture,…

Tate & Lyle half-year sales decrease 1% as costs squeeze margins

UK – The British agribusiness firm, Tate & Lyle has reported 1% decrease in sales to US$1.81 billion in the half-year period, as results continue to be impacted by rising costs of doing business. The company however said it performed according to expectations, having delivered growth in adjusted profit before tax and strong cash flow…

Ingredion launches new clean label potato fiber for meat and savory applications

USA – The food and beverage ingredient corporative, Ingredion has expanded its portfolio with a new clean label potato fiber for bakery, savory and meat products applications. The new Potex and Potex Crown potato fibres allows manufacturers to achieve appealing textures in processed meats and savory applications while in bakery, they optimize consumer appeal. They…

ADM expands health portfolio with new omega-3 powder solutions, Onavita

USA – The global food processing company has unveiled a new addition to its line of omega-3 product solutions, Onavita algal DHA powder which is an expansion of its health and wellness portfolio. It joins a range of probiotics, vitamins, botanical extracts, nutritional oils designed to provide ingredient manufacturers with solutions that meet health and…

Krones acquires Germany’s PET equipment manufacturer MHT Holding

GERMANY - German packaging and bottling machine manufacturer, Krones has acquired MHT Holding, a PET equipment manufacturer for an undisclosed amount. According to the company, the deal strengthens its PET capabilities through portfolio expansion and closes a gap in its PET value chain. It also represents an upstream extension of the Krones portfolio into tooling…

Uganda receives US$1.5m equipment from aBi Trust to boost coffee production

UGANDA - Agribusiness Initiative Trust (aBi), a multi-donor entity devoted to private sector agribusiness development in collaboration with the Technical Centre for Agricultural and Rural Cooperation has donated US$1.51 million worth of equipment to enhance coffee production in Uganda. According to the Monitor, the equipment included two trucks, motorcycles, scale metres, laptop computers, furniture and…

Tiger Brands expects 30% decline in full year earnings with recovery from listeriosis

SOUTH AFRICA – Tiger Brands has revised its profit warning and now expects headline earnings per share to fall by between 25% and 30% as the company struggles to recover from the listeriosis tussle, reports Business Day. This is a revision from the 22% to 37% range it had earlier forecast for the year to…

Müller reduces sugar in Muller Corner brand by 9% with new yoghurt culture

UK– Dairy company Muller is set to reduce sugar by up to 9% and gain a creamier texture in its Müller Corner brands, thanks to its discovery of a new yogurt culture. This follows a rigorous research and development process, which involved access to more than 13,000 strains, Müller says it discovered that the combination…