Tate & Lyle expands food application lab to meet growing demand in Mexico

MEXICO - Tate & Lyle has expanded its food application laboratory and customer-facing facilities in Mexico as the market in Latin America has seen growing demand for healthier food options. The facility has been equipped with additional food application labs, ultra-high processing (UHT) equipment for sterilisation, physico-chemical analysis technology and access to Tate & Lyle…

Coca-Cola Amatil launches program to support start-up businesses in Asia

ASIA - Coca-Cola Amatil, one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region has launched a new program, Amatil X aimed at developing of start-ups, emerging business and identify innovative product concepts. This forms part of its accelerator programs to enhance growth out of its core beverage businesses. To foster growth while…

China’s agri-company buys 25% stake in Ausnutria Dairy Corp. for US$250m

ASIA - CITIC Agri Fund Management Co Ltd, the private equity arm of CITIC Securities Company Limited has acquired a 25.18% stake in an investment holding firm, Ausnutria Dairy Corp. for US$250million to become the company’s largest shareholder. In a filing to the stock exchange reported by Reuters, Ausnutria said that CITIC Group Corp Ltd,…

Firmenich begins construction of its new world-class manufacturing facility in China

SWITZERLAND – Firmenich, the world’s largest privately-owned company in the fragrance and flavor business, has officially started the construction of its new world-class manufacturing facility dedicated to flavors in Zhangjiagang, China. The symbolic ground-breaking ceremony was attended by local dignitaries and authorities, including the Secretary of Communist Party of China of Zhang Jia Gang city.…

Cargill reports financial results for fiscal 2018 third-quarter

MINNEAPOLIS - Cargill has reported financial results for the fiscal 2018 third quarter and first nine months ended Feb 28, 2018, reporting a 22% decrease in its net income from last year’s US$715 million. According to the company, these earnings included a net charge of US$161 million related to the recently enacted U.S. Tax Cuts…

Campbell Soup announces strategic reorganization, appoints COO

USA - Campbell Soup has announced a strategic reorganization to capitalize on the rapidly changing food industry landscape while aligning the business to the company’s strategies. According to the company, the new structure reorganizes its core business operations -including its important soup, simple meals and shelf-stable beverages portfolios and its powerful snacks portfolio -under the…

Unilever partners with Ioniqa & Indorama in new PET recycling technology

NETHERLANDS - Unilever has partnered with Ioniqa, a high-tech chemical company and producer of PET resin Indorama Ventures to develop a technology that would allow recycling of plastic waste into virgin grade material for the food industry. The technology, pioneered by Ioniqa, is able to convert any PET waste - including coloured packs back into…

Nestle to invest US$26.5m to upgrade Ukraine’s Mivina factory

UK - Nestle, a leading food and beverage company is set to invest US$26.5million in its Kharkiv-based Mivina factory in Ukraine to modernize and upgrade production at the site. The investment which increases capacity and efficiency in production of noodle-based soups and mashed potato is part of the company’s strategy to improve production facilities in…

Diageo appoints Susan Kilsby to its Board of Directors

UK – Diageo, the British multinational alcoholic beverages company has appointed Susan Kilsby as a non-executive director to its board and a member of its Audit, Nomination and Remuneration Committees. Susan was appointed chairman of Shire Plc, an Irish-based global specialty biopharmaceutical company in 2014 after joining the drug maker in 2011. Also, she is…

JM Smucker to acquire Ainsworth Pet Nutrition for US$1.9 billion

USA - JM Smucker has announced the acquisition of Ainsworth Pet Nutrition for US$1.9 billion plus an estimated tax benefit of US$200 million and considers a divestiture of its US baking business including brands like Pillsbury and Martha White. The acquisition aims at strengthening the company’s pet food portfolio to drive growth and expand its…