Ant Financial backed foodtech unicorn Zomato to raise US$600m in fresh funding

INDIA – Food ordering and delivery platform, Zomato is in the process of raising US$600 million in a fresh funding round to fuel its food delivery and dining out operations. According to an ET Retail […]

Beta Glass to complete $30m capacity expansion investment in June 2020

NIGERIA – Beta Glass Plc, the Nigerian maker of glass bottles and containers for the beverage industry has announced that the $30 million investment to establishing a new furnace and upgrade existing production lines at […]

NBC delivers multi-million dollar water projects to Kano State as part of CSR initiative

NIGERIA – The Nigerian Bottling Company (NBC), sole bottler of Coca-Cola products in Nigeria and a subsidiary of Coca-Cola Hellenic Bottling Company Limited (CCHBC) has inaugurated several CSR water projects in Kano State worth over […]

Ingredion launches Purity Bio range of organic starches in Asia Pacific

ASIA – Food and Beverage ingredients supplier, Ingredion has launched a new range of organic tapioca and rice starches Purity Bio starches manufactured in its Thailand facility. Purity Bio ranges are the company’s first organically-certified […]

Coca-Cola European Partners opens a new production line in Sidcup

UK – Coca-Cola European Partners (CCEP) has commissioned a new £16 million (US$19.73m) production line at its Sidcup plant, south east London, designed to handle lightweight tins ranging in size from 330ml to 500ml. The […]

Drinks Cubed launches mineral water in SIG’s recyclable packaging in the UK

UK – Drinks Cubed has launched a premium mineral water, Water Cubed, in SIG’s combidome carton bottle, accelerating the UK start-up’s ambitions of becoming the lowest carbon footprint drinks brand by 2022. According to SIG, […]

Constellation Brands posts Q2 loss linked to Canopy Growth’s investment

USA – American beverage company, Constellation Brands reported a loss of US$525.2 million during its second quarter ending August impacted by a US$484 million loss on an investment in Canopy Growth, a Canadian cannabis company. […]