COVID-19 Update: PepsiCo accelerates relief efforts with US$45m package

USA – The PepsiCo Foundation has announced a more than US$45 million initiative focused on helping people and communities most affected by the Coronavirus pandemic. As efforts accelerate worldwide to provide relief to affected regions, […]

Nafoods Group to invest in new value-added products processing facility

ASIA – IFC-backed Vietnamese agribusiness conglomerate, Nafoods Group has secured a US$5 million funding form the Finnish Fund for International Cooperation to support the company’s expansion plans. Nafoods plans to use the proceeds to set […]

Dohmen acquires online marketplace and logistics company FoodChain

USA – The Dohmen Company, a multi subsidiary provider of software solutions and services has acquired FoodChain, an online marketplace, logistics and food supply platform to the restaurant industry. On the heels of the successful […]

Turkish confectionery producer Ülker Bisküvi secures US$455m financing package

TURKEY – Turkey’s leading biscuit maker, Ülker Bisküvi Sanayi has raised a US$455 million financing package from international lenders to enable the company to continue smooth operations and further expansion in Turkey and abroad. The […]

Jeff Bezos donates US$100m to Feeding America’s COVID-19 Response Fund

USA – Jeff Bezos, the founder and CEO of American multinational e-commerce giant, Amazon, has donated US$100 million to the Feeding America’s COVID-19 Response Fund to support food banks during the COVID-19 pandemic. Feeding America […]

Lidl opens US$100m regional headquarters and distribution center in USA

USA – German grocery and food retailer, Lidl has opened its new state-of-the-art regional headquarters and distribution center in Cecil County, Maryland after investing more than US$100 million in the project. The retailer said that […]

Indonesian agritech firm TaniHub Group raises US$17m to expand operations

INDONESIA – TaniHub Group, one of the leading agritech company’s in Indonesia, has raised US$17 million in a Series A extension round co-led by Openspace Ventures and Intudo Ventures. The round also saw the participation […]

Covantis launches as legal entity, announces CEO and executive appointments

SWITZERLAND – Covantis, the industry initiative that aims to modernize global agribusiness trade operations, has announced that it has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland, as […]

Symrise joins KitchenTown Berlin to support creation of a new sustainable food system

EUROPE – Symrise has teamed up with KitchenTown Berlin, a food and foodtech innovation network set up to positively impact the food system, to strengthen the platform’s concept of scaling impact driven and transformational food […]

Greenfields secures solar energy deal for its Indonesian milk processing plant

SINGAPORE – Greenfields, the largest dairy company in Southeast Asia has partnered with Total Solar Distributed Generation (DG) to provide solar power for its biggest milk processing plant in Palaan, East Java, Indonesia. The Indonesian […]