UK government launches consultation on proposed plastic packaging tax

UK – The UK government has launched a consultation process seeking views on the proposed plastic packaging taxes which looks to cement its leadership in a sustainable economy. The government proposed new taxes and tougher regulations for packaging producers to limit production of plastic waste and their impacts in oceanic and environmental pollution. The consultation…

Givaudan partners Israeli incubator The Kitchen to drive food innovation

ISRAEL – World’s leading flavor and fragrances company, Givaudan has partnered with the Israeli-based technology incubator owned by the Strauss Group, to accelerate innovation in the food sector. According to Givaudan, the partnership will enable expand its innovation ecosystem further by connecting with Israel-based food entrepreneurs who are contributing to the creation of healthier and…

Sealed Air acquires MGM’s flexible packaging business in the Philippines

ASIA – US food packaging company, Sealed Air has acquired the Philippines based producer of flexible packaging, MGM Food and Commodities Corp for an undisclosed amount. With the transaction, expected to close in April, Sealed Air plans to leverage MGM’s expertise to expand its printing and lamination capabilities and better serve customers throughout the Asia…

VTB Bank to acquire grain terminal from Novorossiysk Commercial in Russia

RUSSIA - VTB Bank, one of the leading universal banks of Russia has reached an agreement to acquire a grain terminal from Novorossiysk Commercial Sea Port (NSCP), a leading commercial sea port operator for an undisclosed sum. The deal will enable the VTB bank have more control over Russia’s main deep-sea grain export hub. The…

CBH Group expands grain storage capacity in Chadwick after US$11.4m investment

AUSTRALIA - The CBH Group has said that it has expanded its Chadwick grain receival site near Esperance after completing the US$11.4 million investment across its network. The company has added 80,000 tonnes of new permanent storage at the facility, expanding its capabilities in handling, marketing and processing grain while reaching its customers with better…

Brenntag Canada partners BI Nutraceuticals to expand ingredients portfolio

CANADA – The American food ingredients supplier, BI Nutraceuticals (BI) has partnered with Brenntag Canada Inc, a leading chemical distribution company as it looks to strengthen its portfolio in Canada. According to the companies, the partnership, set to be effective starting March 1, 2019 will allow Brenntag to widen its portfolio to include ingredients that…

Buhler reports 22% increase in turnover as integration of Consumer Foods continues

SWITZERLAND – World’s leading milling giant, Buhler Group has reported 22% rise in turnover for the year 2018 even as it continues to integrate the newly created Consumer Foods business. During the period, Buhler said it experienced continued organic growth in all businesses characterized by expanded market share, increased order intake, and higher turnover. The…

Leading cocoa producer, Ivory Coast adopts new cocoa trading system

IVORY COAST – World's leading cocoa producing country, Ivory Coast, revealed that it has commenced trading its cocoa directly to the world’s top traders, switching from its previously used system- through auctions. According to the Coffee and Cocoa Council (CCC) in Ivory Coast, the country managed to sell 400, 000 tonnes of cocoa under the…

Ingredion unveils new gum-based texturizers to strengthen portfolio

USA – Ingredion has unveiled new single hydrocolloids which include gum acacia, cellulose gum and tara gum to meet customer expectations and consumer need for differentiated texture and mouthfeel in food applications. According to Ingredion, the new gum-based range has greater ingredient functionality, including texture stability, emulsification and protein protection. They add to the company’s…

IRRI strengthens partnership with University to enhance rice research

PHILIPPINES - The International Rice Research Institute (IRRI) has signed a memorandum of understanding (MoU) with Nagoya University in the Philippines to strengthen capabilities in rice research and education. The cooperation between IRRI and the University will run through a 15-year period bringing together expertise in rice-based agri-food systems with a goal to greatly contribute…