Agricultural trader ETG secures US$128m funding to boost operations

KENYA – The Export Trading Group (ETG), a Kenya-based agricultural commodities trader, is set to receive US$128 million (Sh12.8 bn) funding from financial institutions to enable the firm finance its operations. Lead by the United […]

Buhler and Givaudan partner to support food startups in Switzerland

SWITZERLAND – Leading food technology company Buhler has joined forces with Givaudan to support food startups in commercialization as well as scaling up operations. The companies will work to accelerate market access for food start-ups […]

DSM and Evonik opens US$200m Veramaris fish feed facility in the US

USA – Royal DSM in collaboration with the Dutch industrial corporation have inaugurated US$200 million commercial facility in Blair, Nebraska dedicated to production of sustainable aquaculture feeds. Veramaris is a 50-50 joint venture between DSM […]

Viterra introduces dynamic binning for barley to improve supply chain

CANADA – Canadian grain merchant Viterra is introducing dynamic binning for barley across its network for the 2019-20 harvest as part of the plan to improve efficiency in its supply chain. Growers will have the […]

DuPont opens probiotics fermentation facility in the US

USA – DuPont has inaugurated a new state-of-the-art probiotics fermentation plant at its Rochester, New York, facility to meet the growing customer demand for healthier products. The facility expansion is part of the US$100 million […]

Ardagh to merge food tin business with Exal in a deal worth US$2.5b

IRELAND – Packaging producer, Ardagh Group has agreed to combine its Food & Specialty Metal Packaging business with aluminium container manufacturer, Exal Corporation in a deal worth US$2.5 billion. The merger is expected to create […]

Cargill’s revenues dip 1% as earnings suffer uncertain business environment

USA – Cargill’s full-year revenues decreased 1% to US$113.5 billion as uncertain global business environment slowed down earnings during the period. In the fiscal 2019 fourth quarter ended May 31, 2019, operating earnings were US$476 […]

Mondi to invest US$573.12m in South Africa’s packaging business

SOUTH AFRICA – Multinational paper packaging group, Mondi Plc, will be investing US$573.12 (R8bn) in its South Africa business over the next five years. This is part of the groups restructuring policy that was approved […]

Bosch to sell Packaging Technology business to CVC Capital

GERMANY – Robert Bosch GmbH, the multinational engineering and technology company plans to sell its Waiblingen-based packaging machinery business to a newly incorporated entity managed by CVC Capital Partners (CVC). Bosch and CVC have signed […]

Nampak eyes share buyback as sale of glass business nears

SOUTH AFRICA – Nampak, a South Africa based diversified packaging manufacturer, has said that it might use proceeds from the sale of its glass business to buy back shares from shareholders. In February, Nampak entered […]