Oil Palm Uganda Ltd dismisses US$20m fraud allegations

UGANDA - Oil Palm Uganda Limited (OPUL), a palm oil producer in the country, has dismissed allegations that its financial controller has frauded the company a total US$20.16 million In a statement published by the East African, OPUL further clarified that the company’s Financial Controller, Janadhan Naidu, had resigned from his position, and had not…

Demand pushed NBC’s conversion of plant to logistics hub, NBC reveals

NIGERIA – Nigeria Bottling Company (NBC) Limited has revealed that pressure on demand of its products in the country was the reason behind transformation of its Enugu production Plant into a logistics and distribution hub, reports Beverage Industry News. The country’s Coca-Cola franchise bottler unveiled plans of restructuring the plant in January this year. Managing…

Gulf Capital invests US$22m in Tunisia’s olive oil producer CHO Company

TUNISIA – Gulf capital, a Middle East – based asset management firm, has invested US$22 million in Tunisia’s largest organic and natural olive oil producer, CHO Company. Abdelaziz Makhloufi, founder and chairman of CHO Company, said that the funding will facilitate the company’s growth and expansion plan and infiltration into the global market. “Gulf Capital’s…

Aldi and Graham’s The Family Dairy inks milk supply deal worth US$71m

SCOTLAND – UK supermarket chain Aldi has entered into a five-year milk supply agreement with Scottish milk producer Graham’s The Family Dairy in a deal worth approximately US$71.06 million (£55 million). Graham’s The Family Dairy will supply Aldi with fresh Scottish milk in all of its stores across Scotland. The investment is an extension of…

Kellogg reports 4.2% growth in sales as restructuring costs bite in the Q4

USA - The Kellogg Company has posted 5.4% rise in sales growth for the year 2018 even as the fourth quarter continued to feel the impact of the costs of ongoing restructuring at the company. Sales in the fourth quarter grew 4.2% but were largely affected by the effects of a strong dollar and preparations…

Danone expands US plant-based foods facility to increase output

USA – World’s dairy corporation, Danone has inaugurated an extension site to its plant-based foods production facility in Dubois, Pennsylvania, increasing capacity in plant-based alternatives in the United States. The expansion would help address the growing demand for dairy alternatives including yogurts among consumers while opening up new opportunities in the segment. The Dubois facility…

Refresco acquires Cott’s soft drink concentrate production business

CANADA – Leading beverage manufacturer, Refresco Group has acquired the concentrate manufacturing business of Canada based beverage and foodservice company, Cott Corporation. The transaction whose details remain undisclosed, RCI International division, which Refresco has agreed to sell to RC Global Beverages Inc. With the divestment, Cott is moving out of the carbonated soft drinks operations.…

Symrise opens sweet goods and dairy laboratory in the US

USA – Flavors and fragrances company, Symrise has inaugurated an upgraded sweet laboratory dedicated to development of new prototypes for sweet goods and dairy applications in New Jersey, USA. The Food & Dairy Applications laboratory will host a team of experts from the company, with a role to help customers meet their flavor development needs…

Coca-Cola introduces Orange Vanilla and Zero Sugar Coke in the US

USA – The Coca-Cola Company has said that it is set to launch its first trademark flavor innovations in over a decade- Orange Vanilla Coke and Orange Vanilla Coke Zero Sugar in the US as from February 25. The variant, which comes in a range of packaging options will be available in 12-oz. cans and…

Tyson Foods recalls chicken nuggets on rubber contamination concerns

USA – Tyson Foods has announced a voluntary recall of 5-pound bags of Tyson Fully Cooked Panko Chicken Nuggets over concerns of possible contamination with small pieces of rubber. The company has recalled 36,420 pounds of product sold at club stores nationwide in the United States including Arizona, California, Illinois, New Jersey and Utah. Tyson…