PepsiCo expands portfolio with new Mountain Dew range for gamers

USA – The American snack and beverage company, PepsiCo has expanded its Mountain Dew product portfolio with new MTN DEW AMP, a bold,boundary-pushing style designed for gamers. Set to debut in 2019, the new range claims to improve accuracy and alertness, enhanced with a no-slip grip and unique re-sealable lid, enhancing players an enhanced gaming…

Nigerian Breweries promotes healthy living with Amstel Malta

NIGERIA - Promoters of Amstel Malta, a premium malt drink from Nigerian Breweries, have advocated the need for a healthy living among its consumer’s through supporting various healthy living lifestyles, reports This Day. Ugo Ahukannah, Nigerian Breweries Senior Brand Manager for Amstel Malta, said that they are devoted to promote fitness across Nigeria through supporting…

Coca-Cola Beverages Africa appoints Jacques Vermeulen new group CEO

SOUTH AFRICA - Coca-Cola Beverages Africa (CCBA), the largest Coca-Cola bottler in Africa has announced the appointment of Jacques Vermeulen as the group’s new Chief Executive Officer, effective December 1, 2018. He succeeds Doug Jackson, CCBA’s current group chief executive, and a 35-year veteran of the Coca-Cola system. Vermeulen has served as managing director of…

PureCircle to sell stevia-based proteins, fibers and antioxidants

USA – World’s leading manufacturer of stevia sweeteners, PureCircle plans to begin commercial production and sale of new stevia ingredients including proteins, soluble fibers and antioxidants in 2019. The company said the products are a result of extensive research and development using its proprietary stevia technology and enables it to utilize much more of each…

Coca-Cola European Partners to source 100% recycled PET from Loop

UK – Coca-Cola European Partners (CCEP) has announced a definitive supply agreement with Loop Industries, a leading technology innovator in sustainable plastic to source 100% recycled and sustainable PET plastic from a US based joint venture. CCEP will purchase recycled Loop™ PET plastic (“Loop™ PET”) from Loop’s joint venture facility with Indorama Ventures Limited in…

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…

Unilever may top Nestle in US$3.4b cash bid for GSK nutrition business

INDIA – The British consumer goods giant, Unilever may walk away with the Glaxo SmithKline’s nutrition business with a US$3.4 billion all-cash offer for a 72.5% stake, according to a person with direct knowledge of the matter identified with Financial Times (FT). GSK has also confirmed that consideration is being given to a potential transaction…

Hindustan Coca-Cola posts 4% decline in revenues as it focuses on investments

INDIA – Hindustan Coca-Cola Beverages (HCCB), the bottling partner of Coca-Cola India has said that revenues for the year ended March 2018 fell 4% to US$1.28 billion as it embarks on investments for strong, stable growth. During the period, operating revenue increased 7% while it gained 2.3% share in sparkling beverages compared to the previous…

Danish fruit-drinks maker CO-RO buys majority stake in Chinese JKD

CHINA – Co-Ro Food, a leading manufacturer of fruit-based non-carbonated soft drinks based in Denmark has acquired the majority shareholding in Golden Creation Trade Co. Limited, trading as JKD for an undisclosed sum. The company said the acquisition reinforces its market position in China and is expected to generate a 30% growth rate in 2019…

Coca-Cola Kenya to sell Nairobi regional headquarters facility for US$10m

KENYA – Soft drinks manufacturer, Coca-Cola has said that it is seeking to sell or rent its Nairobi Upperhill facility at a cost of US$10.05 million (1.03 billion Kenya shillings) in line with the company’s workplace agenda to provide a modern workplace that enhances creativity and innovation among its staff. The company said it is…