Excitement galore greets new products winners at the Awards ceremony

KENYA– There was excitement as the winners of the new products category were announced at the just concluded  Africa Food Industry Excellence Awards ceremony that took place on September 14, 2018 in Nairobi, Kenya. On an evening full of pomp and colour, Coca-Cola Beverages Africa, East African Breweries Ltd (EABL) and Bio Food Products showed their…

Product reformulation a success in Ireland, industry says

EUROPE - The Irish trade association, Food Drink Ireland (FDI) has said that product reformulation rather than taxes, has brought tangible results for public health, a critical indicator for the success of the industry, a Euractiv article reveals. This is in line with the 2016 Reformulation Project report launched by FDI in collaboration with Crème…

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…

Royal Wessanen completes the acquisition of yogurt company Abbot Kinney

EUROPE – Wessanen, a multinational food company with a focus on organic, and the owners of Abbot Kinney's have signed and completed the acquisition of Abbot Kinney's by Wessanen. Abbot Kinney's is a young and very dynamic innovation leader in organic almond and coconut based yoghurt alternatives and ice-cream. Founded in 2014, Abbot Kinney's already…

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…