Kenyan confectionery firms lose US$1.3m in export earnings from sweet row

KENYA – Local sugar confectionery firms have lost US$1.34 million in export earnings in the six months ended June, reflecting the impact of trade war between Kenya and Tanzania, reports Business Daily. According to Kenya […]

Molson Coors Canada and HEXO complete join venture to launch Truss

CANADA – Molson Coors Canada, the Canadian business unit of Molson Coors Brewing Company, and HEXO Corp. have announced that they have closed the deal to form a joint venture to pursue opportunities to develop […]

ADM re-opens modern flour milling facility in Oklahoma

USA – Archer Daniels Midland Company, an American global food processing company, has joined with members of the community to celebrate the re-opening of its modernized flour mill in Enid, Oklahoma. According to the company, […]

DuPont launches new ascorbic acid alternative for the baking industry

CHINA – DuPont, an American conglomerate, is the first company that has launched a new ascorbic acid alternative, Hexose Oxidase, for the baking industry. According to the company, the hexose oxidase technology present in the […]

Nestle Malaysia to sell chilled dairy business to Lactalis for US$40m

MALASYIA – Lactalis, the world’s largest dairy firm, haS agreed to buy the chilled dairy business of Nestle in Malaysia, which generates revenues of US$24 million, in a deal worth around US$40 million. According Reuters, […]