South Africa’s Sea Harvest on a positive 2019 outlook amid aggressive acquisitions

SOUTH AFRICA – Sea Harvest, a South African fishing and food company, said that the group was well positioned for further growth after its 2018 acquisition spree saw its asset surge from US$179.6 million to US$335.03 million in the year ended December. Sea Harvest chief executive Felix Ratheb said that the group continued invest in long term and sizeable investments as part on an overall sustainability strategy of its business, reports Business Report. “These included acquiring two sizeable businesses, namely Viking Fishing and Viking Aquaculture; taking ownership of our second…

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Zambian Breweries’ Plc profits increase six-fold as volumes surge

ZAMBIA – Zambian Breweries Plc has posted record breaking profits after tax of US$121.36 million during its 2018 financial year from just US$18.41 million in 2017 driven by increased beer volumes. In a statement announcing its audited financial results for the year ended December 31, 2018 said that the remarkable performance was mainly attributed to increase in beer volumes, which grew by 23% during the period under review. “Results for the year 2018 were remarkable, especially on the clear beer side, with volumes growing at a record of 23%. Our…

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tna appoints Matthew Walters to lead African operations

SOUTH AFRICA – Food processing and packaging solutions provider, tna solutions Pty Ltd has appointed Matthew Walters as branch manager to head up its African operations, based in South Africa. In his new role Matthew will be responsible of supporting food manufacturers across the Africa with tna’s portfolio in the food processing and packaging solutions. Additionally, he will be tasked with driving the sales of the firm’s confectionery and snacks processing solutions, including its range of kitchens, starch moulding and finishing equipment, while helping to further develop tna’s local service…

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South Africa’s Libstar banks on new food products as revenues surge

SOUTH AFRICA – Libstar, a South African consumer goods manufacturer and distributor, recorded a 12.5% increase in revenues US$684.34 million during its 2018 financial year which the company attributed to the increased innovation during the period. According to a report by Business Daily the Johannesburg Stock Exchange (JSE) listed company, whose brands include Lancewood cheese and Denny Mushrooms, launched 387 new food products in the year-to-end-December 2018. Libstar said that the strategy had cautioned the company against the slowdown in consumer spending resulting to profits after tax of US$16.31 million…

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Heineken commissions US$100m brewery plant in Mozambique

MOZAMBIQUE – Heineken, a global leading beer maker, has commissioned its first brewery in Mozambique after an investing to the tune of US$100 million in developing the new modern plant. Located in the district of Maputo, the new brewery will have a production capacity of 800 000 hectolitres (80 million litres) per year. The plant will produce four international brands – Heineken, Amstel, Sagres and Strongbow – as well as Txilar, new beer specially made by Mozambicans for Mozambican consumers using locally sourced maize. Speaking during the inauguration ceremony, Jean-François…

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UK Government pledges to set zero tariff regime on some imports in no-deal Brexit

UK – The UK government has pledged to set the majority of import tariffs to zero while maintaining tariffs for the most sensitive industries within the food, beverage and agricultural space. If the case that UK leaves the European Union with no deal, the government has said it will cut tariffs on a range of imports from outside the EU and introduce measures to avoid a hard border in Northern Ireland. The announcement by the government comes after lawmakers in the House of Commons voted against Prime Minister Theresa May’s…

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FrieslandCampina, IFDC partner to boost milk production in Nigeria

NIGERIA – FrieslandCampina WAMCO Nigeria has partnered the International Fertilizer Development Center (IFDC), a science-based public organization, in a project that aims to boost milk production for pastoralist milk producers in Nigeria. Through the partnership, the Nigerian subsidiary of the Dutch multinational dairy cooperative will work together with pastoralist milk producers in Oyo State, to boost the quality and quantity of local milk and improve the livelihoods of farmers. Markedly, under the 2SCALE project, the dairy partnership seeks to alleviate the contribution of women in the country’s dairy farming sector…

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IFF’s Frutarom acquires majority stake in European ingredients producer Leagel

ITALY – International Flavors & Fragrances Inc has said that its Frutarom division has acquired 70% stake in in Leagel S.r.l. (“Leagel”), a leading producer of ice cream and gelato ingredients in Europe. IFF said it retains an option for the residual 30% stake in Leagel to be exercised after three years. Leagel is a family-owned company based in San Marino, Italy and specializes in artisanal taste, texture and toppings sold directly to ice cream and gelato shops. It has 61 employees serving 1600 direct customers and distributors, with a…

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Jubilant FoodWorks ventures into Chinese cuisine with launch of first own-brand

INDIA – Jubilant FoodWorks, the operator of the fast food restaurants Domino’s Pizza and Dunkin’ Donuts has entered into Chinese fast casual segment by launching its first own-brand ‘Hong’s Kitchen’. Hong’s Kitchen has opened its first restaurant in Eros mall, Gurugram, highlighting that Chinese cuisine segment is fast growing in the Indian market. An ET Retail report reveals that the restaurant makes both vegetarian and non-vegetarian food, catering for the needs of customers whose tastes and preferences are fast changing. According to the company, the newly launched restaurant has a…

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FrieslandCampina considers building a sustainable dairy plant in the Netherlands

NETHERLANDS – Global dairy producer, Royal FrieslandCampina has announced that it is exploring options to build a sustainable and innovative dairy processing plant in the Netherlands. The plant is intended to process member milk into fresh dairy products, ingredients for early life and adult nutrition, as well as cheese production for the global market and consumers. According to the company, the new facility will be built to address sustainability issues while featuring the latest technology innovations. The company is also looking to include a greenfield location of the plant, putting…

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