IFC invests US$3m in agri-logistics group to expand services in Myanmar

ASIA – The International Finance Corporation, IFC has provided US$3 million loan facility to SLCM Limited, a Delhi-based agri­ logistics group to expand its warehousing services in Myanmar. According to IFC, the credit facility will help the company expand its warehousing services and allied services in the Southeast Asian nation while improving farmers’ livelihoods by…

GEA secures deal with NADEC to build new olive oil mill in Saudi Arabia

ASIA – GEA Group, leading supplier of technology for the food processing industry has secured a contract deal with the National Agricultural Development Company (NADEC) to build and supply the industrial equipment for a large olive oil mill in Saudi Arabia. GEA said the contract, valued at more than US$3.41 million (3 million euros) follows…

PureCircle’s Reb M stevia sweetener receives regulatory approval in Singapore

ASIA – The world’s leading producer of stevia sweeteners, PureCircle has announced that it has received approval for expanded use and applications of its next generation stevia leaf sweetener, Reb M in Singapore. The approval allows PureCircle to market the stevia leaf ingredient to food and beverage companies in Singapore for production of zero- and…

DuPont launches poultry feed supplement Syncra® AVI in Asia Pacific

ASIA – DuPont Animal Nutrition has launched DuPont™ Syncra® AVI, a feed supplement designed to maximize nutrient digestibility in poultry production in Asia Pacific region. Syncra® AVI is a combination of two proven technologies, enzymes and probiotics, known to optimize gut health and maximize performance in poultry production. It was formulated with a unique blend…

US Grain Council promotes Danielson Castillo to regional director South Asia

ASIA – The U.S. Grains Council (USGC) has appointed Alejandra Danielson Castillo as new regional director for South Asia, a newly created director position that aims to increase the organisations presence in the region. She will responsible for the firm’s grain trading business in South Asia effective March 11. Prior to her appointment, Danielson Castillo…

SIG opens new technology center in China to offer adept packaging solutions

ASIA – Packaging solutions provider, SIG has opened a new, state-of-the-art technology center to provide customers with new product concepts and market-ready packaging solutions in Asia-Pacific. Located close to its packaging plant in Suzhou in China, the facility will provide expertise in development and implementation of cutting-edge innovations in aseptic systems and solutions. The 17,500…

Walmart to launch US$104m food distribution and ecommerce center in China

ASIA – The world’s leading ecommerce and retail firm, Walmart is set to launch its first perishable food distribution centre, alongside ecommerce and delivery services in China. Set to begin operations in March, the center is valued at US$103.7m (RNB700m) and will be located in Dongguan city, Guangdong. The company is looking to boost its…

Flipkart receives US$201m capital funding from parent entity

INDIA – Flipkart India, the wholesale arm of the Walmart-owned eCommerce marketplace in India, has received US$201.27 million (Rs 1,431 crore) from its Singapore-based parent entity Flipkart Private Limited. The fund infusion by Flipkart comes as the company seeks to fight off the challenge from Amazon to keep its leadership of India’s growing $18 billion…

Chinese dairy group Yili buys Thai ice cream maker Chomthana

ASIA – Yili Group, state-owned company of dairy industry in China has acquired Chomthana, Thailand's leading ice cream and frozen foods manufacturer to expand its operations in Southeast Asia. Chomthana, which has more than 37 years of experience and exports its products to 13 foreign markets, sells a range of ice cream products, ice lollies…

PepsiCo and Coca-Cola to invest US$1.4b in Pakistan

ASIA – The world’s beverage giants are planning to invest in Pakistan with PepsiCo lining up US$1.2 billion in the next five years while Coca-Cola will further invest US$200 million in the coming two to three years, according to a statement from Prime Minister Imran Khan’s office. A report by Arab News reveals that the…