High feed costs, poultry imports slash Astral Foods half year earnings by 37%

SOUTH AFRICA – Astral Foods, integrated poultry producer in South Africa has reported a 7% rise in half year revenue for the period ended March, from R7 billion (US$500m) attained in the previous corresponding period to R7.5 billion (US$535.5m). This was achieved through a combination of increased broiler sales volumes and a below inflationary increase in selling prices. However, the company’s profit line took a hit as its operating profit declined by 37% to R345 million (US$24m). Headline earnings per share were down by the same margin – that is…

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Molson Coors invests US$82m in expanding its Canadian hard seltzer production capacity

CANADA – Molson Coors Beverage Company has said that it is investing CAD 100 million ($82.4 million approx.) in its Canadian hard seltzer business, in a move that will increase production capacity by 300%. The US based multinational drink and brewing company introduced hard seltzers in Canada in March and claims that the launch “is off to an incredibly strong start”. As well as increasing hard seltzer production capacity in its Canadian operations by 300%, the maker of Coors and Vizzy hard seltzer says the investment will also help to…

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Food equipment supplier Heat and Control builds new facility in Mexico to expand manufacturing capabilities

MEXICO – Heat and Control, Inc., a world-leading equipment manufacturer and food/non-food processing industry supplier, has started construction of a new manufacturing facility in Mexico. The facility which is expected to cover an area of  728,554 sq. ft. (67,685 sq. m)  will become the largest of the Heat and Control properties once fully completed and operational. It will boast of a number of state-of-the-art facilities including a warehouse, manufacturing, R&D and demonstration center, and offices. According to the company, the manufacturing area is expected to have a footprint of 246,041…

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Uganda’s coffee exports rise by 49.19% in April 2021 earning US$50.02m

UGANDA – Uganda’s coffee exports in the month of April 2021 amounted to 537,538 60-kilo bags worth US$ 50.02 million (Shs176.76bn), reflecting a 49.19% and 35.38 % rise in quantity and value respectively, compared to the same month last year. However, this was a decline from last month’s earning of US$53.52 million from a total of 572,839 60-kilo bags of coffee sold in March 2021. According to Uganda Coffee Development Authority (UCDA), the month’s exports comprised of 464,544 bags of Robusta valued at US$39.08 million and 72,994 bags of Arabica…

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Dubai eyes share of lucrative cacao trade, seeks to make emirate an international trade hub for the commodity

DUBAI –  Dubai, a rapidly growing commodities market in the world, is seeking to have its foot in the lucrative cacao trade and has announced plans towards becoming an international trade hub. According to a statement from the  Dubai Multi Commodities Centre (DMCC), a state-of-the-art Cacao Centre in Dubai will launch in the Arab Emirate before the end of the year. DMCC says it will initially incubate a select range of cacao services within its DMCC Coffee Centre in Jebel Ali starting from mid-2021. According to the authority, the plan…

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Beverage manufacturers in Nigeria solarise processing facilities, cut on carbon emissions

NIGERIA – Nigerian beverage companies are going green with Big Bottling Company (BBC) completing the installation of a solar power plant at its factory in Ogun State, while Nigerian Breweries has officially launched its Ibadan brewery solar power system. The Big Bottling Company, producer of Big Cola, Big Orange, and other popular soft beverages in the country, has put up a 950kW solar system. The power plant set up on the company’s factory rooftop was installed by Starsight Energy, the leading African Commercial and Industrial (“C&I”) solar power provider. According…

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Nestlé invests US$220m in new beverage factory in Indonesia to meet growing consumer demand

INDONESIA – Nestlé, the world’s largest food company, has inaugurated the construction of a new beverage factory in Batang, Indonesia in an effort to fulfill growing consumer command. According to a statement by Nestlé, the new new Nestlé Bandaraya factory will produce Bear Brand liquid milk and ready-to-drink beverages, Milo and Nescafé and is anticipated to create about 200 new jobs. The facility located at Batang Industrial Park will be on 20 hectares of land and is expected to be ready for commercial production in 2023. The Swiss-based food manufacturing…

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German food ingredients solutions provider Mühlenchemie to open Technology Center in Kenya

KENYA – Mühlenchemie, one of the world’s leading companies in the field of flour treatment is seeking to set base in the East African region. The food ingredients solution provider has announced that it will open a new Technology Center in Kenya this year. The move will enable the company to be closer and better serve its customers in the region by availing a wide range of services “Being close to our customers is something we consider very important. It is extremely significant for us to understand how we can…

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20% of all Starbucks stores in Japan to be powered by renewable energy

JAPAN – Starbucks Japan has announced plans to transition all 350 free-standing company-operated stores to 100% renewable energy by the end of October 2021. The transition of the stores which account for approximately 20% of the company’s  portfolio are part of  Starbucks global commitment to decrease carbon emissions by 50% by 2030, the company said in a statement. Starbucks says thatas of April 2021, the transition has been completed in 301 stores, and will extend to 350 locations including stores in Hokkaido, Tohoku and Okinawa by the end of October.…

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McDonald’s to invest US$13m in opening 30 outlets in India

INDIA – Westlife Development, which operates McDonald’s restaurants in the southern and western region of India, has announced plans to open up to 30 outlets of the quick-service restaurant brand in the current financial year. Currently, Westlife Development’s arm Hardcastle Restaurants operates 305 McDonald’s restaurants across 42 cities in India. The stores are in the states of Telangana, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Kerala, Chhattisgarh, Andhra Pradesh, Goa and parts of Madhya Pradesh and Union Territory of Puducherry. Last financial year, the franchise only managed to open 5 stores. The…

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