ENGLAND - American group Cargill has invested US$39.78 million at its factory on a 13-acre site at Balliol Business Park, England as it takes on production operatives, shift engineers and team leaders for the factory. The new line will extend its capacity to more than the 19,000 tonnes of chicken product it currently delivers annually.…
UGANDA - Maize flour prices have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western Kenya, easing inflationary pressure. According to Business Daily, the imports from Uganda and harvest has pulled down grain costs from Sh3, 200 a bag in January to below Sh2, 000, offering millers…
ETHIOPIA – German engineering and electronics maker, Bosch Appliances, will open its next regional outlet in Ethiopia this year as it eyes further expansion across Africa. According to the Business Daily, the multinational engineering and electronics maker said it will then open similar stores in Uganda, Tanzania, Mozambique, Senegal, Zimbabwe, Namibia, Ivory Coast and Nigeria…
SPAIN - Mahou San Miguel, a Spanish brewing company, has invested US$3.75 million in its hospitality industry to develop the company’s sustainable chiller. According to the FoodBev, the company said that the new Ecocooler chiller uses propane for refrigeration, which reduces the carbon emissions of the chiller to zero while increasing refrigeration yield by 8%.…
USA - Constellation Brands, a leading beverage alcohol company, has announced that it has acquired 38% ownership of Canopy Growth Corporation, a leading diversified cannabis company. The companies also announced a significant expansion of their strategic partnership to position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing. According to…
UK - Edinburgh-based private equity fund, Inverleith, has made a seven figure, multi-million GBP investment in Braham and Murray Good Hemp, a plant based food and drink brand which manufactures products from hemp seed. According to Private Equity, Inverleith invests in consumer brand companies within the health & wellbeing, lifestyle and heritage sectors. It specialises…
SINGAPORE – Olam International, a leading and the third largest agri-business in the world, has reported lower financial results against its strong performance in previous corresponding period. The company has reported that its Profit After Tax and Minority Interests (PATMI) is down 36.4% to US$94 million, with the operational PATMI down 40.6% to US$91.4 million.…
CHINA - The a2 Milk Company has reaffirmed its decision to extend the supply strategic arrangements with China State Farm Holding Shanghai Co., Ltd. (CSFA Shanghai). According to the company, CSFA Shanghai have been the exclusive import agent and strong partner for the company’s infant nutrition products into mainland China since launch in 2013. The…
USA - Coca-Cola is taking a minority ownership stake in Bodyarmor, a fast-growing line of premium sports performance and hydration beverages for an undisclosed sum. The company said that through the strategic relationship, Bodyarmor will remain an independent company and gain access to the expansive Coca-Cola bottling and distribution system. The initial investment, which will…
FRANCE - Indorama Ventures, one of the world's leading producers in the intermediate petrochemicals industry, has enhanced its PET recycling capabilities with the acquisition of France-based Sorepla Industrie for an undisclosed fee. According to FoodBev, Sorepla Industrie operates a single recycling facility in France which boasts three production lines; one for recycled polyethylene terephthalate (rPET),…
