Category: LATEST NEWS

ADM opens new Chinese flavour facility in quest to expand global nutritional capabilities

Editor

CHINA – ADM has opened a new state-of-the-art, fully automated flavor production facility situated in Pinghu, Zhejiang Province, China in line with goal to expand its global nutritional capabilities.  The company’s flavor facility in Pinghu will serve as ADM’s flavor supply hub in Asia Pacific (APAC), allowing it to leverage its expertise and leading-edge technologies.   The 27,000 sq m flavor production  will also build out the ADM pantry to meet customer needs further and advance its growth strategy.  Additionally, the facility is strategically located within an hour of Shanghai, bringing geographic advantages for ADM’s customers…

Read More

Bingo moment for Carrefour as it inks lease transfer agreement with Shoprite for Ugandan stores

Editor

UGANDA – A golden opportunity for Majid Al Futtaim, the regional franchise holder of Carrefour, to rapidly expand in the retail sector of Uganda’s economy has unveiled itself. The Dubai based conglomerate has entered into an agreement with Shoprite Checkers Uganda Limited, to take over the six stores of the South African retailer in the East African nation. Following the implementation of the agreement, Majid Al Futtaim will expand its footprint to eight Carrefour stores. “We welcome the opportunity to bring our unique Carrefour offering of unbeatable value, range, international…

Read More

DSM to double down on sustainable food production, commits to close global micronutrient gap

Editor

NETHERLANDS –  Dutch multinational supplier of nutritional and health ingredients DSM has announced that it will fully focus its resources and capabilities to address the urgent societal and environmental challenges linked to the way the world produces and consumes food.  The Dutch company said its commitments cover three areas where it believes it can make the greatest positive impact together with its business partners: Health for People, Health for Planet and Healthy Livelihoods.  Under the ‘people’ umbrella, DSM said its new strategic food system commitments by 2030 are to work toward closing the micronutrient…

Read More

Nigerian Agritech startup Releaf secures US$4.2m funding, grant to boost oil palm processing

Editor

NIGERIA – Nigeria-based agritech startup Releaf has secured US$2.7-million in a seed funding round to enable the development of industrial food processing technology in the country’s smallholder-driven oil palm sector. Founded by Ikenna Nzewi and Uzoma Ayogu, Releaf is an agricultural technology company that develops proprietary hardware and software solutions that makes African farmers and food factories more efficient and profitable. Starting with Nigeria’s US$3 billion vegetable oil market, Releaf ensures smaller factories are set up near smallholder farmers, enabling the former to get better processing yields and fewer logistics…

Read More

Alapala to set up second feed mill in Sudan featuring state-of-the-art automation systems

Editor

SUDAN – Turkey’s premier milling equipment company Alapala, is set to build a turnkey greenfield feed mill project in Khartoum, Sudan. This will be the company’s 7th reference project in the country and second feed mill in the Eastern African nation. The planned feed mill will have a processing capacity of 10 tonnes per hour (TPH), comprising of a sorghum intake and storage unit, sorghum flake unit, cake grinding unit, silage handling unit, mixing unit, and storage unit. According to Alapala, it will import its raw material and produce white…

Read More

Coca-Cola’s Odwalla brand finds new owner a year after discontinuation

Editor

USA – The Coca-Cola Company has offloaded the rights to Odwalla brand to Full Sail IP Partners, a Warburg Pincus-backed investment firm that acquires brands. According to reports by Reuters, the deal does not include production and delivery of the juice and smoothie offering. The move, according to Full Sail IP Partners, a joint venture between Warburg Pincus and brand licensing consultant LMCA, is aimed to revive the juice and smoothie label that the soft drinks giant discontinued last year. The company plans to popularize Odwalla, which was founded in…

Read More

Benson Hill to acquire US soy crushing operation to scale plant-based protein ingredients

Editor

USA – Food tech company Benson Hill has agreed to purchase a soybean crushing facility from Indiana-based Rose Acre Farms, as it looks to expand its ingredients infrastructure. The investment is part of plans to scale the production of soybean products, including Ultra-High Protein soybean ingredients. The deal which is subject to customary closing conditions and is expected to close by the end of this month, will be funded through the expansion of Benson Hill’s debt facility with Western Technology Investment. Describing it as “a significant milestone,” Benson Hill revealed…

Read More

Leading Swiss companies join forces to establish Cultured Food Innovation Hub

Editor

SWITZERLAND – A new facility aimed to accelerate the development and market penetration of cellular agriculture products is set to be established in The Valley in Kemptthal, a hotbed of innovation and technology just outside of Zurich. The Cultured Food Innovation Hub is the brainchild of three companies; flavor and fragrance manufacturer Givaudan, food processing technology group Bühler, and retail company Migros. Going live in 2022, the pilot plant will be a self-sustained, standalone company wholly owned by the three leading Swiss companies, aimed to provide facilities and knowledge to…

Read More

B2B e-commerce startup Capiter raises US$33m Series A funding round to drive expansion plan

Editor

EGYPT – Capiter, a B2B e-commerce startup which brings together manufacturers, brands, wholesalers and retailers on one platform, has raised a US$33 million Series A funding round to power its rapid expansion into digital financial services and additional markets. The company is planning on providing more digital financial services and expanding into overseas markets after raising a US$33 million Series A funding round, led by fintech-focused venture firm Quona Capital and MSA, an independent and interdisciplinary investment company. The round also features Savola, Shorooq Partners, Foundation Ventures, Accion Venture Lab,…

Read More

South Africa based Premier FMCG names Fritz Grobbelaar as its new CFO

Editor

SOUTH AFRICA – Premier FMCG, one of South Africa’s leading and oldest consumer goods company, has appointed Fritz Grobbelaar to be its new CFO. Fritz takes over the position that was left vacant by Kobus Gertenbach, who was appointed the CEO of the company in March following the retirement of its former head Tjaart Kruger. The new CFO will build on the solid financial manufacturing foundation that has been established within Premier FMCG. “Sweating the detail is a crucial part of Fritz’s success combined with a strong focus on leadership…

Read More