Category: LATEST NEWS

UAC Foods introduces spicy, classic variants of Gala beef sausage roll

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NIGERIA – UAC Foods Limited, a leader in the snacks, diary and spring water segments in Nigeria, has launched two new variants of its famous Gala beef sausage roll coming in spicy and classic flavours. The new product variants, which come in a bigger 100gram size, have been carefully formulated to enrich the Nigerian snacking experience, on the go with more spice and beef filling at N100 only. The Gala Spicy sausage roll is enhanced with extra flavour and spice (pepper) to match Nigerians’ love for delicious spicy food and…

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ABP achieves full ownership of Linden Foods as Synergy Flavors acquires Innova Flavors to expand meat alternatives offering

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IRELAND – ABP, Europe’s leading privately owned food processors, has reached an agreement in principle with Fane Valley Co-op to acquire the remaining 50% holding in Linden Food Group. According to a report by FoodBev, the transaction includes Linden Foods in Northern Ireland and Slaney Foods and Irish Country Meats (ICM) businesses in the Republic of Ireland which have been operated as ABP/Fane Valley joint venture for the last five years. ABP, Linden, Slaney and ICM will however, continue to operate under the same trading names for the ‘foreseeable’ future,…

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Nestlé Cameroon double plastic waste collection, recycling to 200 tons by end of year

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CAMEROON – Nestlé Cameroon has doubled its plastic waste collection and recycling target to 200 tons by the end of 2021. This follows the leading food manufacturer, collecting and recycling 100 tons of plastic waste in 2020 and so far, it has managed to recycle more than 50 tons of waste as at the end of the first quarter of 2021. The Q1 milestone was reached thanks to its partnership with Namé Recycling. “Nestlé Cameroon is fully aware of its responsibility to preserve the environment and must set an example. …

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Rising costs take huge bite on Unilever Nigeria’s Q1 earnings resulting to 144% profit decline

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NIGERIA – Unilever Nigeria, one of the leading players in the Nigeria’s consumer goods sector, has recorded a turnover of N19.4 bn in the first quarter of 2021, representing a 46% growth compared to N13.3bn recorded in the corresponding period of 2020. According to reports by Brand Spur, the rise is attributed to a 48% growth in sales. However, the gains were wiped out by a 51% upsurge in cost of sales, jointly driven by an increase in brand and marketing, overheads, and service fees which shot up by 63%,…

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Firmenich opens R&D hub in Singapore to meet demand for plant-based foods in Asia

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SINGAPORE – Singapore’s thriving alternative protein ecosystem has attracted yet another food and ingredients company seeking to have a share of the rapidly expanding plant-based food sector in Asia. The latest company is Flavour and fragrance company Firmenich which has opened a new SmartProteins innovation hub to meet the rising demand for plant-based proteins in Asia. The research and development (R&D) hub will join a rising number of such research hubs including the recently opened Givaudan, Buhler joint Protein innovation center and ADM’s Biopolis research hub. Known as the Culinary…

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Kenya’s sugar imports to decline by 37% following restrictive trade to boost local production

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KENYA – Sugar production in Kenya is expected to increase by 8 percent in Marketing Year (MY) 2021/22 to 650,000 metric tonnes (MT) due to an increase in sugarcane yields following good weather conditions, better agronomic and harvesting practices. Sugarcane harvesting has greatly improved in recent years in Kenya due to mechanized harvesting and a higher labour supply. Kenya’s Sugar Research Institute (SRI) reports that plantations in non-traditional areas produce sugarcane yields of up to 140 MT/Ha compared to traditional ones which produce an average of 90 MT/Ha. SRI also…

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In 2021, consumers expect companies to protect health and interest of society, planet – Euromonitor

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GLOBAL – Protecting the health and interest of society and the planet is the new expectation that consumers have for companies in order to build back a better world post covid-19, according to a recently released report on Top 10 global consumer trends for 2021 by Euromonitor International. The global market research company notes that in the new age, consumers demand that companies care beyond revenue, and they no longer perceive businesses as profit-driven entities. As a result, more is required of them than just meeting demand for products, and…

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Dairibord swings into loss despite 5% rise in revenue, shadowed by rising costs

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ZIMBABWE – Dairibord Zimbabwe Limited (DZL), a leading dairy processor in Zimbabwe has reported a 5% rise in full year revenue for the year ended December 2020 to ZWL$5.2 billion (US$14.3m) from ZWL$5 billion (US$13.8m) reported in 2019. According to reports by News Day, the company’s earnings were boosted by local sales as export revenue was affected by border lockdown restrictions and was lower than the prior year by 6%. Despite the overall rise in earnings, the group’s sales volume was 12.5% below the previous year. The performance was particularly…

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Pet care market to grow 7% by 2026, e-commerce projected to contribute a third of global sales – Euromonitor

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UK – The global pet care market is expected to continue benefits from a sales boom that spiked during the pandemic as more home owners globally adopted pets for the companionship they offered during the difficult and uncertain times. The influx of pet owners resulted in an explosion of demand for pet products. According to Euromonitor, Pet care sales soared by 8.7% in 2020. Pet food, accessories, beauty and grooming categories benefited the most from the pandemic with growth of 8.1%, 10.3% and 11.3%, respectively. Euromonitor now notes that the…

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Palsgaard appoints Michael Skriver as new global CCO

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DENMARK – Emulsifier manufacturer, Palsgaard has announced that Michael Skriver has joined the company as Chief Commercial Officer (CCO) effective  1st May 2021. According to a statement from Palsgaard, Michael joins Palsgaard after a distinguished international career, most recently as CCO of AAK Asia. He will be responsible for the further development of the company’s Sales, Application, Marketing and Product Management functions. He will be reporting to CEO Jakob Thøisen. Commenting on the appointment, Palsgaard CEO, Jakob Thøisen said: “Michael brings a wealth of experience in strategic commercial development and…

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