Tetra Pak partners Veolia to get all beverage carton components recycled by 2025

SWITZERLAND – Global food packaging company, Tetra Pak has partnered with global resource management company Veolia to enable all components of used beverage cartons collected within the European Union to be recycled by 2025. According to Tetra Pak, the average beverage carton comprises around 75% paperboard, 20% plastic and 5% aluminium foil, and the fibres…

Astral Foods profit soars 78.7% on lower chicken feed costs in 2018

SOUTH AFRICA – South Africa’s leading integrated poultry producer Astral has reported 78.7% increase in group operating profit to US$134.99 million, resulting in an operating profit margin of 15%, ANA reports. According to the company, the year was supported by lower feed raw material costs, higher poultry selling prices as well as higher volumes across…

FRA releases 35,000 tons of maize to Copperbelt millers to mitigate shortage

ZAMBIA – The Food Reserve Agency (FRA) of Zambia has started releasing 35,000 metric tonnes of maize to selected millers in Copperbelt Province to address maize shortage in the region. According to Lusaka Times, Zambia’s President Lungu had directed FRA to release the maize to millers as an intervention on the maize and mealie meal shortages…

Nestle ahead of Unilever in final race to acquire GSK’s nutrition business in India

INDIA – Nestle SA, the Swiss transnational and the world’s largest food company is contending Unilever in the final round of negotiations to acquire GlaxoSmithKline’s consumer nutrition business in India. According to three people aware of the development, cited by ET Retail, Nestle is believed to be the frontrunner with a more aggressive offer after…

Tata Global bets on health to drive food and beverages segment growth

INDIA – The Indian coffee and tea major Tata Global Beverages has said that health and wellness will drive its growth in the food and beverage segment, reports ET Retail. This is in line with changing tastes and preferences among consumers, even as they turn to food items that not only offer the desired taste…

FSSAI outlines new regulations that prohibits use of ‘natural’ on some food labels

INDIA – The Food Safety Standards Authority of India (FSSAI) has laid down new regulations that requires food companies to use the word ‘natural’ only if the food labelled is natural. According to ET Retail report, manufacturers cannot claim a food to be natural if rather than washing, peeling, trimming and chilling, is subjected to…

Tata Beverages to set up US$14m tea packaging unit in Odisha, India

INDIA - Tata Global Beverages (TGBL), the Indian non-alcoholic beverages company plans to set up a new tea packaging unit worth US$14.01 million in Gopalpur Industrial Park, Odisha, India, reports ET Retail. The company has entered into a letter of Intent (LOI) with Tata Steel Special Economic Zone Ltd, a wholly-owned subsidiary of Tata Steel…

USDA and FDA to jointly regulate animal cell-cultured food products

USA - The United States Department of Agriculture (USDA) and Food and Drug Administration (FDA) have reached a consensus that both the agencies should jointly oversee the regulation of cell-cultured food products derived from livestock and poultry. The joint regulatory framework will see FDA oversees cell collection, cell banks, and cell growth and differentiation. A…

Rwanda’s Sorwathe company unveils new green tea factory worth US$1.12m

RWANDA – Sorwathe company, one of the oldest tea companies in Rwanda has invested over US$1.12 million in a new green tea factory in Kinihira, Rulindo district in the country’s Northern Province. The company will exclusively produce green tea to address the growing global demand, a report by Tea With Nipun reveals. According to Sorwathe…

Bill Gates backed meatless burger maker Beyond Meat files for IPO

USA(Bloomberg) - Beyond Meat Inc., the maker of vegan chicken and beef substitutes including the Beyond Burger, filed for a U.S. initial public offering. The company filed with an initial offering size of $100 million, which is a placeholder that’s likely to change. The company’s backers include Microsoft Corp. co-founder Bill Gates and Don Thompson, McDonald’s Corp.’s…