Swiss milk processor Emmi sells stake in Spanish goat’s cheese manufacturer Lácteos Caprinos

SPAIN – Emmi Group, a leading swiss milk processor, has announced the sale of its 80% stake in Spanish goat’s cheese manufacturer Lácteos Caprinos to Lácteas García Baquero. Lácteos Caprinos which was founded 18 years ago specialises in the production of goat milk products such as curd and cheese. Emmi acquired its 80% stake in Lácteos Caprinos back in 2016 from its two owners, Pedro Mantilla and Francisco Sainz. According to a statement by the Swiss dairy group, it’s now sold Spanish subsidiary generated annual revenues of around €10 million…

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Hormel Foods opens a new state-of-the-art meat production facility in US

US – American multinational food company, Hormel Foods is expanding its meat processing capacity with a completely new production site for dry sausage products. The new facility is located in Papillion, Nebraska and is reported to cover an area of about 535,000 square feet. Hormel Foods says that it significantly renovated the facility to become a state-of-the-art food processing facility that includes the latest sustainability processes. Some of processes at the plant include automated guided vehicles for product transport throughout the plant, automatic rack assists for lifting objects and LED…

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Swiss food giant Nestlé to inject US$100m in expansion of US frozen food facility

US – Swiss food manufacturing giant, Nestlé has announced that it will invest more than US$100 million to expand its frozen food production facility in Jonesboro, Arkansas. The investment will be used to install a new line to produce Hot Pockets brand sandwiches, as well as renovate and add 90,000 square-feet to the current facility. According to a statement by Arkansas Economic Development Commission, the frozen food facility expansion will lead to the hiring of at least 100 new employees by Nestlé over a period of two years. FoodBev reported…

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Egypt to establish commodity exchange company in 2021 to control food prices

EGYPT – The Egyptian government is in the process of establishing first commodity exchange company in country to control the prices of basic commodities such as wheat, rice, oils and sugar. This is according to an annual report on the Ministry of Supply and Internal Trade’s achievement which was present to the country’s Cabinet in December this year. According to the report, the new exchange aims at shrinking the circle of commodity trading from the source to the consumer. The Ministry of Supply and Internal Trade says shrinking this circle…

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Rwanda launches new solar powered irrigation project to benefit over 24,000 fruit and vegetable farmers

RWANDA – Agricultural activities in Rwanda’s Ngoma District have received a major boost following the launch of a solar irrigation project by the Rwanda Rural Rehabilitation Initiative (Rwarri). According to a statement from Rwarri, the project will be comprised of two solar-powered water pumping stations and two clay stone reservoirs with capacities of 500m3 each. The implementation of the Ngoma solar irrigation project will require an investment of 260 million Rwandan francs (nearly €217,000). The Rwanda Green Fund (Fonerwa) will provide part of the funding, 168 million Rwandan francs (more…

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Internet penetration, COVID-19 make online food ordering popular in India, growth expected to reach US$8B in 2022- Google

INDIA – The online food ordering sector is arguably one of the few sectors that have emerged from the COVID-19 pandemic stronger than they were before it occurred. According to a recent report by Google and Boston Consulting Group (BCG), during the pandemic more people shifted from conventional retail markets to online food deliveries catalyzing growth at rates never imagined before. The situation was even more pronounced in developing countries such as India where online food ordering and e-commerce in general was still not fully embraced by consumers. As a…

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India’s UFlex to double aseptic liquid packaging production capacity amid growing global demand

INDIA – UFlex Limited, a pioneer in the manufacturer of aseptic liquid packaging in India has announced plans to double its aseptic plant’s production capacity from 3.5bn to 7bn packs per annum. The expansion will be implemented by Asepto, UFlex Limited’s aseptic liquid packaging division which is based in the Indian sate of Gujarat. Asepto packages are designed to deliver user convenience, easy opening and optimal shelf life to products like Juices, Non-aerated Alcoholic Beverages and highly perishable liquid consumables like Milk and other Dairy products. According to a statement…

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Contribution of Agriculture to Africa’s economy could triple if proper investments were made into the sector – AFEX

NIGERIA – Agriculture has for a long time been viewed as a traditional low productivity sector that had to provide labor and other resources to fast-growing modern sectors such as manufacturing. Mr. Ayodeji Balogun, the CEO of AFEX Commodities Exchange however notes that if proper investments are made in the agricultural sector, the current contributions being made to the economy by this sector can be doubled or even tripled. As its own contribution to improving the agricultural situation in Africa, AFEX developed ComX – a digital commodities trading App for…

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Baxters Food Group buys contract manufacturer Truitt Bros to expand US operations

USA – Scottish food producer, Baxters Food Group, has acquired US-based contract manufacturer Truitt Bros for an undisclosed sum. Headquartered in Salem, Oregon, Truitt Bros also operates a site in East Bernstadt, Kentucky, and has more than 500 employees. “The acquisition is a vital part of our US and global growth strategy and offers us the opportunity to capitalise on our existing US business.” Audrey Baxter – Executive Chairman and Group CEO of Baxters Food Group The company is a contract manufacturer of shelf-stable, thermally processed foods, with a diverse…

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USAID-funded West Africa Trade & Investment Hub partners with Koster Keunen to promote bee keeping in West Africa

WEST AFRICA – Koster Keunen, one of the world’s leading processors, refiners and marketers of natural waxes has received a grant of almost US$2 million from USAID-funded West Africa Trade & Investment Hub to organize and improve West Africa’s beekeeping supply chain to meet international standards for honey and beeswax. Since 1852, Koster Keunen has specialized in processing, formulating and marketing quality waxes to the food, pharmaceutical, cosmetic and candle industry. Through the grant acquired, the firm will provide equipment, training, and new technologies, and will facilitate certifications for smallholders…

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