Millers and packaging manufacturers deliberate mealie prices on high packaging costs

ZIMBABWE – Millers and packaging manufacturers are seeking to reach a consensus on mealie prices following an increase in the cost of packaging by over 500%. According to the Herald, the decision by manufacturers of packaging for mealie meal and bread to more than double their prices could see the prices of mealie meal going…

Champion Breweries profit declines 21% with low sales in nine months

NIGERIA – Champion Breweries, the Nigerian based company engaged in brewing business has reported a 21% drop in profits for the first nine months of 2018 to US$330,578.52. According to a Beverage Industry News report, profit decline accelerated in the third quarter by 40% to US$110,192.84, from US$181,818.19 in the previous year. The drop in…

Guinness Nigeria announces two new non-executive directors

NIGERIA - Guinness Nigeria, a subsidiary of Diageo Plc has announced the appointment of Professor Fabian Ajogwu, SAN and Mr. Paul Gallagher to its Board as Non-Executive Directors, reports Beverage Industry News. Fabian Ajogwu, a Senior Advocate of Nigeria, practices law at Kenna Partners; and is a Lagos Business School Professor of Corporate Governance. He…

Pizza Hut partners Toyota for a robot-operated mobile pizza factory

USA – Pizza Hut, the American pizza chain has partnered Toyota Motor Corp to unveil a robot-operated, mobile pizza factory with the ability to deliver oven-hot pizza wherever it goes. Developed in the bed of a modified Toyota Tundra, the prototype will use automated technology to cook pies on-the-go in six to seven minutes, with…

Jubilant announces PepsiCo as new beverage partner for Domino’s

INDIA – Jubilant FoodWorks, the Indian restaurant operator has signed an exclusive agreement with PepsiCo as its new beverage partner for Domino’s Pizza, a fast-food chain it operates in India. According to an ET Retail, PepsiCo will supply Domino’s Pizza with its portfolio of carbonated beverages of Pepsi, Mountain Dew, 7Up, Mirinda along with Lipton…

Jubilant begins test-run of Chinese fast food venture, Chinese Kitchen

CHINA – Jubilant FoodWorks, the operator of Domino’s Pizza and Dunkin’ Donuts in India has begun test runs of a Chinese fast food venture, whose working name is said to be said to be Chinese Kitchen. According to ET Retail report which cites two people familiar with the matter, the business is the firm’s first…

United Spirits net profit rises 68% to US$35m in the second quarter

INDIA – India’s leading liquor company United Spirits Limited (USL) has reported a 68.97% increase in net profit to US$35.44 million attributed to improved sales in the second quarter ended September 2018. In the corresponding period July to September last year, the company which claims to be the world’s second-largest spirits company by volume had…

Symrise invests US$56m in a new natural food ingredients facility in Georgia

USA – The flavours and fragrances company, Symrise has invested more than US$56 million in a new production facility in Georgia, USA for the production of high quality natural food ingredients. According to the company, the facility was a result of high technological and sustainable standards with a commitment to serve the food industry in…

Beta Glass earnings rise 58% on strong revenue growth in 9 months

NIGERIA – Beta Glass, the Nigerian maker of glass bottles and containers for the beverage industry has reported that net income rose 58% to US$9.64 million for the nine-months period ended September. The company, which is a member of the Frigoglass Group had posted US$6.06 million in net income in the same period last year.…

Doughnut brand Krispy Kreme opens fifth store in KwaZulu-Natal

SOUTH AFRICA – The American doughnut brand, Krispy Kreme has opened its fifth store in KwaZulu-Natal (KZN) in a spree to increase its presence in South Africa, reports IOL Business report. This brings the number of Krispy Kreme stores to 15 in the country and according to Erin Kriel, Marketing Specialist for Krispy Kreme South…