Tanzania Breweries to construct US$109m mega plant in Dodoma

TANZANIA - Tanzania Breweries Limited (TBL), the country's oldest and largest brewing company has announced intentions to shift its headquarters from Dar es Salaam to Dodoma where it plans to construct the country’s biggest plant worth US$109.51mn, reports Daily News. Construction of the new brewery is expected to begin 2020 to be completed in two…

Famous Brands sales grow 6.7% even as losses from UK’s GBK more than tripled

SOUTH AFRICA - Famous Brands, JSE listed and Africa's leading quick-service franchisor has reported 6.7% growth in sales despite a loss from Gourmet Burger Kitchen (GBK) which more than tripled in the UK, Business Day has reported. In its voluntary performance update issued on August 16, the casual dining restaurant chain said GBK would contribute…

Top pork producer WH Group to close abattoir to contain swine fever outbreak

ASIA - Privately owned Chinese meat and food processing company, WH Group has been ordered to close an abattoir in a bid to contain spread of second outbreak of deadly African swine fever (ASF), according to a Reuters report. Zhengzhou city authorities had ordered a temporary six-week closure of the abattoir, one of 15 controlled…

ADM acquires Brazilian Oilseeds Facilities to expand market range

USA - Archer Daniels Midland Company, an American global food processing and commodities trading corporation, has announced that it has agreed to purchase certain assets of Brazil-based Algar Agro, including oilseeds processing facilities in Uberlândia in the state of Minas Gerais, and Porto Franco in Maranhão. According to the company, it will become owner of…

Hormel Foods agrees to sell Fremont processing facility to WholeStone Farms

USA - Hormel Foods Corporation, a global branded food company, and WholeStone Farms, have announced that they have entered into a definitive agreement to sell the Hormel Foods Fremont, Neb., processing facility to WholeStone Farms, LLC. According to Hormel Foods, the transaction is subject to customary closing conditions and is expected to be completed in…

Tyson Foods wins contracts worth US$726.6m for beef production and supply in the US

USA - Tyson Fresh Meats, a unit of Tyson Foods, has won a US$440 million defense contract to provide fresh beef and frozen ground beef products to military commissaries in the central and eastern United States. The company also won a separate US$286.6 million contract to provide fresh beef and frozen ground beef products to…

Tiger Brands full-year profit fall by 37% after Listeriosis outbreak aftermath

SOUTH AFRICA - Tiger Brands Ltd., a South African packaged goods company, has said that its full-year profit fell as much as 37% after one of its plants was blamed for South Africa’s listeriosis outbreak. According to Bloomberg, the company shares dropped by 9.8%, the most since March 5, the day after the South African…

Cargill invests US$40m at England factory to increase production

ENGLAND - American group Cargill has invested US$39.78 million at its factory on a 13-acre site at Balliol Business Park, England as it takes on production operatives, shift engineers and team leaders for the factory. The new line will extend its capacity to more than the 19,000 tonnes of chicken product it currently delivers annually.…

Constellation Brands acquires 38% ownership of cannabis producer Canopy Growth

USA - Constellation Brands, a leading beverage alcohol company, has announced that it has acquired 38% ownership of Canopy Growth Corporation, a leading diversified cannabis company. The companies also announced a significant expansion of their strategic partnership to position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing. According to…

Olam reports lower financial results with 36.4% fall to US$94m in Q2 results

SINGAPORE – Olam International, a leading and the third largest agri-business in the world, has reported lower financial results against its strong performance in previous corresponding period. The company has reported that its Profit After Tax and Minority Interests (PATMI) is down 36.4% to US$94 million, with the operational PATMI down 40.6% to US$91.4 million.…