Barry Callebaut, Cameroon intensify collaboration to boost cocoa supply

CAMEROON - Barry Callebaut, a global chocolate and cocoa products manufacturer, and Cameroon have signed a letter of intent to intensify the cooperation on sustainable cocoa farming in the country. The chocolate manufacturer will particularly focus on the New Generation program initiated by the Cameroon Cocoa and Coffee Interprofessional Council (CICC) that seeks to support…

Nestlé unveils three year program to boost coffee production in Kenya

KENYA – Nestlé Kenya has unveiled a Sh23 million (US$230,000) program that seeks to boost coffee production in the Central and Western regions of the country. Njeru Ng’entu, Nestl East Africa Managing Director, said that the three year program, which will be implemented under the Nescafe Plan, will help in training and offering technical support…

Bühler opens Cubic innovation campus after investing US$49m

SWITZERLAND – Global technology company, Buhler Group has inaugurated its CUBIC innovation campus, featuring eight application centers at its headquarters in Uzwil, Switzerland. The group has invested approximately US$49.9 million (CHF 50 million) in the new facility which aims to drive innovation, training and development of new and sustainable solutions. The innovation campus looks to…

Olam International prices US$120 million US debt private placement

SINGAPORE – Olam International has announced that its wholly-owned subsidiary Olam Americas Inc. (“OAI”) has successfully priced a US$120 million issuance of 5-year fixed rate notes via a private placement. According to the company, proceeds from the issue of the Notes will be used by OAI and its US affiliates for repayment of existing debt…

Milo’s Tea Company to invest US$60m in a new plant in Oklahoma, US

USA - Milo’s Tea Company is investing US$60 million in a new manufacturing and distribution center in Tulsa, Oklahoma to expand production capacity and support its continued growth. The company which makes ready-to-drink tea and lemonade has broken ground on the construction of the 108 thousand square foot facility which cements its position in natural…

GEA builds instant coffee plant in Vietnam for Tata Coffee

ASIA – The German based food processing technology company has completed the construction of a new freeze-dried instant coffee plant in Vietnam for Tata Coffee Vietnam Company, a subsidiary of Tata Coffee Limited, India. The plant, located in the Binh Duong Province, produces 5,000 metric tons/annum of freeze-dried coffee and is expected to serve consumers…

Kenyan tea agency secures US$10m credit facility to improve trading operations

KENYA – The Kenya Tea Development Agency Holdings (KTDA) has secured a US$10 million (Sh1 billion) credit facility from the International Finance Corporation (IFC) to help the agricultural firm improve its tea trading operations. The funds will form part of KTDA’s planned total investment of US$17.7 million (Sh1.7 billion) aimed at upgrading its warehouses and…

Tata Group to consolidate consumer goods business in corporate structuring

INDIA – Tata Group is looking to consolidate its consumer products businesses, which will be housed under one roof in a strategy the company says will help simplify corporate structure and consolidate operations in similar lines of businesses. ET Retail has revealed that the group will transfer the branded salt, pulses, masalas and ready-to-eat snacks…

Ghana’s leading cocoa buyer seeks US$100m to boost operations

GHANA – The Produce Buying Company (PBC) Limited, Ghana’s biggest cocoa buyer, seeks to raise US$100 million from international banks help the firm sustain its operation and settle its obligations. According to the firm’s deputy chief executive officer, Kojo Safo, the transaction, handled by an Accra-based advisory firm, should be completed before the start of…

Nespresso to invest US$9.8m in new strategy to revive coffee industry

USA – Nespresso has announced that it is investing US$9.8 million (CHF 10 million) in a new strategy to revive the coffee industries in selected countries across the globe. The company has launched the Reviving Origins programme geared at restoring coffee farming in regions where it is under threat, as well as foster rural economic…