Greenyard reopens Hungarian facility after finding root cause of Listeria

BELGIUM – Greenyard, one of the largest suppliers of fruit and vegetables in the world, has announced the restart of production in its Hungarian facility, after it conducted an in-depth review and found the Listeria root cause. According to the company, Greenyard has found a persistent presence of Listeria monocytogenes in one of the freezing…

Ant Financial secures right to become the largest shareholder in Zomato

ASIA - Zomato’s newest investor and an affiliate company of the Chinese Alibaba Group, Ant Financial has received the right to become the biggest shareholder in the restaurant search and discovery service, reports ET Retail. The agreement gives Ant Financial greater say in company operations compared to other stakeholders even as the Chinese firm seeks…

Grofers partners with local businesses for last mile delivery

ASIA - The Indian online grocery delivery service, Grofers is partnering with local entrepreneurs to help with last mile delivery with an aim to roll out over 2,000 local businesses and store owners under the programme by the end of the year. According to ET Retail, this will be followed by expansion of the services…

Fonterra records a net loss after tax of US$196m in 2018 annual results

NEW ZEALAND – Fonterra, a New Zealand multinational dairy co-operative, has announced a Net Loss After Tax of US$196 million in its FY18 annual results, with a plan to improve its business performance and the outlook for FY19. According to the company, the normalised EBIT was US$902 million, down 22%, the Co-operative’s gearing ratio was…

Africa’s Most Prestigious Food Industry Awards Ceremony is finally here!

KENYA -  The 2018 edition of the Africa Food Industry Excellence Awards - Africa's most prestigious food, beverage and milling industry awards -  has finally arrived. Hon. Peter Munya, who is the Cabinet Secretary of the Ministry of Industry, Trade & Co-operatives in Kenya will be the Chief Guest at the Awards ceremony. During the event, winners of the…

Campbell Soup appoints Craig Slavtchef as head of R&D organization

USA - Campbell Soup Company, an American producer of canned soups and related products, has announced the appointment of Craig Slavtcheff, 51, as Vice President and Head of Research and Development (R&D). According to the company, Slavtcheff will lead Campbell’s entire R&D organization, including strategy, innovation and product development for the company’s divisions, as well…

Corbion launches vinegar-based mold inhibitor for bakers

NETHERLANDS – Corbion, a Dutch food and biochemicals company, has launched a natural mold inhibitor, Verdad MP100, which matches calcium propionate for mold control and tops competing clean-label solutions for bakers. According to the company, the new, naturally derived preservative is not the first clean label mold inhibitor to reach the market, but it is…

Cooperatives to increase efficiency in dairy production and quality

TANZANIA - Tanzania Dairy Board (TDB) has said that dairy cooperatives are important in implementing dairy development programmes to increase milk productivity and quality, reports Daily News. TDB Acting Registrar, Mr Jeremiah Temu said there are financiers who will provide grants for increasing investment in dairy sector and in particular the establishment of small scale…

RC Cola enters Nigerian beverage market with plans for a new plant in Agbara

NIGERIA - Royal Crown Cola (RC Cola) Company, the American beverage company and maker of a cola-flavored soft drink, RC Cola is entering the Nigerian beverage market and has invested in state-of-the art factory in Agbara, Ogun state, the Vanguard reports. The firm said it was ready for competition in the market dominated by Coca-Cola…

FrieslandCampina to invest US$26m in local milk production in Nigeria

NIGERIA - Royal FrieslandCampina, the Dutch multinational dairy cooperative will invest US$26.69 million (23 Euros) in local milk production as part of its Dairy Development Programme (DDP) in Nigeria. Speaking during a visit to the Vice President of Nigeria, Prof. Yemi Osinbajo, and the company’s global CEO also highlighted the company’s commitment to support the country’s…