Meat alternatives startup Impossible Foods to enter Asia after funding round

SINGAPORE- Singapore’s Temasek Holdings has co-led a $114-million convertible note financing round in Impossible Foods, a California-based startup that makes plant-based burger patties that taste like beef. The latest investment brings the startup’s total funding to nearly $400 million so far. Impossible Foods announced the successful closing of the investment, co-led by Shanghai- and Hong…

Hershey India appoints new Managing Director

INDIA- Confectionery and chocolate manufacturer Hershey Indiahas appointed Herjit S. Bhalla as the company’s new managing director, the company said in a statement. Bhalla brings extensive experience in building consumer, food and retail brands having spent more than 16 years in various sales and marketing, management roles at Unileverin India, Russia, Ukraine, and Belarus. In…

PureCircle debuts new plant-based, Non-GMO stevia sweeteners

ASIA - PureCircle is expanding its portfolio of sweeteners made from stevia with new plant-based, non-GMO, GRAS approved range even as stevia application in the food and beverage sector continue to rise as high as 10% in 2017. The recent advances boost production to help meet demand for stevia, a sugar substitute containing many sweetener…

Danish Crown acquires majority stake in Chinese casings producer

CHINA - Danish Crown, through its subsidiary DAT-Schaub has acquired majority stake in Shanghai Natural Casing Company as it seeks to increase its activities in China in processing natural casings for sausage and salami production. This expands the capacity of DAT-Schaub in becoming a global leader in the selecting and processing of natural casings from…

UK and Ireland to enforce sugar tax starting April

UK - The UK and Ireland governments’ separate proposed sugar tax policy on soda and fizzy drinks is set to be effected April, termed as the Soft Drinks Industry Levy in the UK. According to the two governments, a number of products that will be exempted from the tax include dairy drinks with at least…

Nampak considers selling its glass unit amid competition in beverage can market

SOUTH AFRICA - Nampak Ltd, the South African plastics bottle manufacturing company has welcomed proposal to sell its glass division in a way to create a more profitable business and address a skills gap, report Reuters. In addition to inconsistent electricity supply and insufficient technical skills at its glass division, the group highlighted that it…

Tanzania’s rice imports from Pakistan climbs 20% higher

TANZANIA - Tanzania’s has recorded a 20% increase in rice imports from Pakistan valued at US$29.6 million between July and December 2017, based on a report by Smart Money. Tanzania tops the list of importers from Pakistan, the world’s fourth largest producer of rice exporting long grain white rice, parboiled rice, broken rice, irri6 rice,…

Kice Industries and Sangati Berga sign US, Canada distribution deal

BRAZIL - Kice Industries Inc., the American company that designs complete industrial air systems and builds equipment and Brazilian grains industry equipment provider Sangati Berga have announced the signing of an agreement to form a strategic alliance between the two companies. Sangati Berga deals with production and commercialization of machinery and installations, cereal processing, animal…

Amul Dairy MD resigns, board refutes corruption allegation

INDIA- The managing-director of Anand-based Kaira District Co-operative Milk Producers Union Limited, popularly called Amul Dairy, has resigned and his resignation was accepted in a board meeting yesterday, the milk cooperative's chairman Ramsinh Parmar said. While K Rathnam's resignation comes amidst allegations of a Rs 450-crore corruption in allocation of tenders and recruitment at the…