Tyson Foods taps board member Dean Banks as new President

USA – Tyson Foods has announced that its board of directors has named independent director Dean Banks as the new president of the company, effective December 20, 2019. In his new role, Banks will oversee […]

Nestlé to partner with Corbion to develop ingredients for plant-based products

NETHERLANDS – Nestlé has entered into a partnership with Dutch ingredients supplier, Corbion to develop the next generation of microalgae-based ingredients that will be utilized in plant-based products. Through the partnership, the companies will collaborate […]

Private equity firms to invest US$785m in Asia’s food and beverage industry

ASIA – Global private equity firms have launched a series of funds that will see the companies invest upto US$785 million in the food and beverage industry across various markets in Asia. Bahrain-based alternative asset […]

Koch Foods breaks ground on new US$55m poultry feed plant in Alabama

USA – Koch Foods is investing US$55 million in a new feed mill in Attalla, Alabama to support the company’s recently expanded processing plant in Gadsden, USA. The Attalla facility, designed with technologically advanced features […]

Cargill opens Culinary Experience Hub at R&D facility in Belgium

BELGIUM – Cargill has opened a Culinary Experience Hub in its research and development site in Vilvoorde, Belgium, to help customers develop on-the-spot innovative solutions. At the new facility, Cargill will work with customers from […]

Indoor farming startup Bowery Farming raises US$50m in funding

USA – New York-based indoor farming startup, Bowery Farming Inc has raised US$50 million in funding in an extension of its Series B round. The funding was led by Singapore state investor Temasek with participation […]