Coca-Cola to set up an R&D center in India with a goal to grow the market

INDIA - The Coca-Cola Company plans to set up a research and development (R&D) centre in India as part of a mission to make India one of the company’s top three markets, according to company CEO, James Quincey. In an interview with the Mint, Quincey said he sees sparkling beverages, fruit-based products and innovation as…

AKK develops new flaked fats to enhance taste, texture and crust quality in pizza

UK – Specialty ingredients provider, AKK has developed a new range of flaked fats to help pizza manufacturers enhance taste and create high quality crust and texture in their products. The new range also offers easy handling during the production process, providing an ideal and simple way to improve the texture and mouthfeel of crusts…

Yili to buy New Zealand’s Westland Co-operative Dairy for US$404m

NEW ZEALAND – Yili group, the state-owned Chinese dairy company has entered an agreement to acquire Westland Co-operative Dairy Company, an independent co-operative dairy company in New Zealand for US$404 million. The conditional scheme implementation agreement was signed by the board of Westland Co-operative and is subject to shareholder approval. “Under the proposed transaction our…

PepsiCo appoints Paula Santilli as Chief Executive Officer for Latin America

USA – PepsiCo has appointed Paula Santilli as Chief Executive Officer, Latin America, reporting to PepsiCo Chairman and CEO Ramon Laguarta. Santilli, who is currently President of PepsiCo Mexico Foods (PMF) succeeds Laxman Narasimhan, who was recently named Global Chief Commercial Officer of PepsiCo. In his role as President of PMF, Santilli oversees one of…

Coca-Cola adds two new flavor variants to its vitamin water range

USA – The Coca-Cola Company has launched two new flavor variants of its Vitamin water range, products of innovation set to meet changing consumer tastes and preferences. The two flavors, Vitaminwater Fire and Vitaminwater Ice are meant to excite consumers with a yearning for healthier lifestyles, offering 20 calories each and fortified with vitamins C…

Tate & Lyle partners APC Microbiome Ireland on dietary fibre research

UK – The global food and beverage ingredients supplier, Tate & Lyle has announced a collaborative research project with APC Microbiome Ireland, a Science Foundation Institute (SFI) Research Centre on dietary fibre research. Funded by the two companies, the research project seeks to identify potential health benefits of dietary fibres for specific age groups among…

Nigerian Breweries in solar power deal with CrossBoundary Energy

NIGERIA - Nigerian Breweries Plc (NB), franchise bottler of Heinenek Lager, has entered into a solar energy supply deal with CrossBoundary Energy for the operation of a 650 kW solar plant at NB’s Ibadan Brewery. The green energy project is in line with the current global ambitions of exploring sustainable energy solutions and positions Nigerian…

Zimbabwe’s food processing start-up Amandla Brands to explore new markets

ZIMBABWE - Amandla Brands, a local food processing start-up, has unveiled plans of introducing new products range capitalising on convenience in its ambitions of exploring new markets. The company’s managing director, Sympathy Sibanda-Mazuruse, said that the Amandla will also focus on healthy product innovations as part of its expansion strategy, reports NewsDay. “Our trademark registration…

Nigeria’s annual palm oil imports down to US$500m, unveils self-sufficiency plans

NIGERIA – Nigeria's palm oil imports have declined about 302,000 metric tonnes worth US$500 million as the country embarks on efforts to become self-sufficient in palm oil through increasing local production. This according to Mr Godwin Emefiele of Central Bank of Nigeria (CBN) who was speaking during a meeting with stakeholders in the Palm Oil…

Grand Parade Investments reports growth in revenues amid divestment plans

SOUTH AFRICA – Grand Parade Investments (GPI), South Africa's franchise operator of Burger King posted 13% increase in total headline earnings from continuing operations to US$2.46 million in the in the six months to 31st December 2018. The group, which in February this year announced the closure of Dunkin’ Donuts and Baskin-Robbins operated outlets, also saw…