Fonterra transitions into more sustainable energy at the Te Awamutu site

NEW ZEALAND – New Zealand’s leading dairy processor, Fonterra has announced that its Te Awamutu site, located in the Waikato region, North Island of the country will stop using coal starting next season. The farmer owned dairy co-operative will completely transition from coal into using pellet power at the site. Until now the site has been using a combination of fuels to process milk – including coal.  This follows a trial conducted by the company last year and is now ready to switch from using coal at the end of…

Read More

Spur Corporation reports a 4.5% sale rise in the half year period despite low economic growth

SOUTH AFRICA – Spur Corporation, South Africa based fast–food chains operator, has reported a 4.5% increase in sales to R4.1billion (US$280m) in the six months to end December. Sales from franchised restaurants in South Africa accounting for 60.5% of the group’s total turnover increased by 4.7%, with sales from international restaurants increasing by 2.7% in rand terms and by 4.1% on a constant exchange rate. Chief executive Pierre van Tonder said the performance reflected the economic reality facing the South African consumer which constrained consumer spending, low economic growth and…

Read More

Unilever achieves 2.9% growth in full year sales, plans review of global tea business

UK – Multinational consumer goods company, Unilever has released its financial results for the full-year 2019 which shows an underlying sales growth of 2.9% and a turnover increase of 2%. The growth was led by a strong performance in Home Care and 5.3% increase in emerging markets grew driven by performance in Asia/AMET/RUB, despite a slow end to the year in West Africa, South Asia and the Middle East. During the period, Unilever’s business in Latin America returned to growth while its performance in Africa declined. Performance in developed markets…

Read More

Ethiopia to embark on mega irrigation projects under the public-private partnership agreement

ETHIOPIA – The federal government of Ethiopia is set to launch about a dozen large-scale irrigation projects under the public-private partnership agreements, estimated to cost 2billion Birr (US$62.8). The National Irrigation Task Force, comprised of members from the ministries of Finance and Water, Irrigation & Electricity as well as the Office of the Prime Minister, plans to identify 13 potential irrigation projects, reports Addis Fortune. The task force, under the supervision of the Prime Minister, has been working on the scheme for the past nine months. It is currently reviewing…

Read More

CHI launches new Chivita 100% Real Lychee Bland fruit juice

NIGERIA – Chi Limited, known for its Chivita brand of fruit juices has launched Chivita 100% Real Lychee Blend fruit juice in the Nigerian market. The new Chivita 100% Real Lychee Blend fruit juice is an addition to the already existing range of Chivita 100% fruit juices that come in Orange, Pineapple, Apple, and Red Grape variants. According to a statement by the company, the new juice brand targets Nigerian consumers who quest for good health and great tasting fruit juices as it has a delightful and exquisite taste and…

Read More

Tiger Brands CEO Lawrence MacDougall to be replaced by CFO Noel Doyle

SOUTH AFRICA – Tiger Brands, JSE listed packaged food processor has announced that its current Chief Financial Officer, Noel Doyle, has been appointed its new CEO with effect from February 1, 2020. Doyle will take over from Lawrence MacDougall, who is retiring at the end of this month, having reached the company’s mandatory retirement age of 63. “Lawrence has been at the helm of Tiger Brands since 2016 and will exit the company on 31 March 2020 to ensure a smooth handover,” said Tiger Brands in an update to shareholders. Speaking…

Read More

Coca-Cola Beverages Africa secures US$50m in funding for its Ethiopian expansion project

ETHIOPIA – Standard Bank, financial services group, has successfully arranged and structured US$50 million in financing facilities for Coca-Cola Beverages Africa (CCBA) to support its expansion strategy in Ethiopia over the next five years. The Coca-Cola Company holds a majority stake in CCBA, which is the largest bottler of Coca-Cola beverages in Africa – serving 13 countries on the continent – and eighth largest in the world by revenue. With a presence in markets that match CCBA’s operations in Africa and having established a representative office in Addis Ababa in…

Read More

Celsius expands its healthy energy drinks line up with Jackfruit Flavor

USA – Celsius Holdings, manufacturer of global fitness drink brand Celsius has added Jackfruit flavor to its carbonated performance energy drink, Celsius Heat. This latest flavor will be available in its new 16 oz Celsius Heat packaging can, delivering with a tropical flavor with a burst of sweetness and a tangy twist. Celsius’ new carbonated performance energy drink line is packed with 2,000mg of L-citrulline and 300mg of caffeine, as well as the Celsius proprietary blend. The company believes that the new standout packaging and label design position the brand…

Read More

Graphic Packaging makes several acquisitions to accelerate growth

USA – Graphic Packaging Holding has secured two separate deals with US packaging companies to acquire part of their interests in a combined transaction valued at US$290m. The Atlanta -based provider of packaging solutions to food and beverage industry has entered into an agreement with International Paper to acquire 15.1 million units in their partnership business, Graphic Packaging International Partners. Under the deal, Graphic Packaging will pay International Papers US$250 million for a 3.3% stake in Graphic Packaging International Partners. The company said that the purchase will be funded with…

Read More

Danone North America introduces new plant-based half & half alternative

USA – Danone North America has expanded its Silk brand offerings with the launch of a new dairy-free half & half alternative in the US. The new Silk Dairy-Free Half & Half Alternative use oatmilk as part of its formulation and provides the neutral flavor and creamy texture that half & half lovers expect, but it’s completely plant-based. Each serving contains no amount of added sugar, 1.5g of fat, and is free of dairy, nuts, artificial flavors, gluten and cholesterol. The brand added that the product is also also keto-friendly.…

Read More