PepsiCo opens new US$42.3m baby food plant in Russia

RUSSIA - PepsiCo, Inc., the American multinational food, snack and beverage company has opened a new US$42.3 million baby food plant with a daily capacity of approximately 25 tonnes in Russia, reported FoodBev. The new plant will exclusively be used to produce cottage cheese and yogurt products for the company’s Agusha and Chudo Detki brands.…

AB InBev’s ZX Ventures acquires UK-based spirits company Atom Group

UK - AB InBev’s incubator, operator, and venture capital team ZX Ventures has acquired Atom Group, a company brand of spirits based in the UK for an undisclosed sum. Atom Group is a drinks company that encompasses production of spirits under the Atom Brands and importation, distribution and brand development via Maverick Drinks; to global…

Parag Milk to buy Danone’s closed facility to serve northern India

INDIA - Parag MilkFoods on Thursday said it will acquire French food giant Danone’s Indian manufacturing facility for Rs 30 crore (US$4.53 million) The facility at Rai in Haryana’s Sonepat area produces curd, yogurt among other dairy productsand the acquisition is aimed at expanding Parag's presence in the northern part of the country. "North market contributes…

Domino’s unveils pizza delivery ‘hotspots’ amidst competition heat-up

USA - Domino’s Pizza Inc, the American pizza restaurant chain has stepped up its pizza delivery system with new delivery ‘hotspots’, giving consumers convenience of picking up their products at set-off points. The initiative allows customers to find the pick-up points with the location services on their smartphones, opening new sales opportunities for the company.…

United Caps acquires closure manufacturer Embalatap to expand portfolio

SPAIN - United Caps Luxembourg S.A., designer and producer of plastic caps and closures has acquired the Spanish manufacturer of closures, Embalatap for an undisclosed sum. United Caps said the acquisition expands its product portfolio especially the edible oil category since it relates to closures used in the Southern European market. The acquisition will not…

Buhler expands with a new lab at its cocoa application facility in Indonesia

INDONESIA - Buhler has added a new cocoa application lab at its coca application facility in Indonesia to allow it offer complete cocoa processing trials to its customers in Southeast Asia. According to Buhler, the lab will be managed by two service engineers and a consumer food technologist who would offer trials ranging from cocoa…

Horticulture earns Kenya US$3.04bn as export markets become lucrative

KENYA - Kenya earned US$3.04 billion on account of good prices in the export market for the 2017 year, a 41% increase from the previous year, according to the market data from the Horticulture Department. This covers flowers, fruits and vegetables whose overall sales rose from US$2.15 billion in 2016 to US$3.04 billion last year…

Capwell Industries invests US$9.99m in a wheat flour plant in an expansion drive

KENYA - Capwell Industries, the Kenyan milling company that specializes in high quality flour, rice pulses and porridges is investing US$9.99 million in a wheat flour plant as part of its expansion strategy into the market. The company is bracing for competition in the lucrative flour milling industry in Kenya indicating plans to introduce more…

Pioneer Foods signals higher profit of upto 44% for the first half

SOUTH AFRICA - The South African packaged goods company Pioneer Foods expects half year operating profit to increase 44% while headline earnings to go up 32% despite of a decline in revenue. Sales volume increased, while some of its main brands recorded a higher market share, others remained fairly stable promising a better first-half performance…

Pick n Pay reports 7% growth in net profit as a result of cost-cutting initiatives

SOUTH AFRICA - Pick n’ Pay, the second largest supermarket chain store in South Africa has reported almost 7% growth in net profit as a reward from cost-cutting programme and a steady 5% increase in sales, reported BusinessDay from a statement. “The group’s muted turnover growth reflects the pressure of an exceedingly challenging trading environment,…