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ASIA – Cargill is investing in Israeli cultured meat company, Aleph Farms which has raised US$11.65 million in a series A round of funding. According to Cargill, the investment diversifies its protein interests to meet future consumer demand and complements its focus on animal protein. The round was led by VisVires New Protein and also…
ASIA – World’s largest brewer, AB InBev has filed for Hong Kong initial public offering (IPO) of its business in Asia Pacific, in a deal which could be worth US$5 billion. According to a Reuters report, AB InBev is considering listing a minority stake in its Asian operations to create a separate business. The move…
ASIA – Global ingredients company, Ingredion has extended its virtual laboratory capabilities, INSIDE IDEA LABS to the dairy market in the Asia-Pacific region. The virtual dairy lab brings insights and application expertise in dairy product formulation to food and beverage manufacturers, while ensuring they meet consumer needs in the fast-growing segment. The virtual dairy lab…
ASIA – The world’s soft drinks giant, Coca-Cola and New Zealand’s dairy co-operative, Fonterra have entered into a strategic alliance to capitalize on the growing dairy and beverages market in Southeast Asia. The companies are launching ready-to-drink beverages in the market starting with Vietnam, according to a NZ Herald report. The partnership is looking to…
ASIA – Leading agribusiness merchant, Louis Dreyfus Company (LDC) has announced that it will invest in Malaysian poultry and livestock feed company, Leong Hup International (LHI) ahead of planned initial public offering. LDC said the investment is part of the strategy to diversify and expand overseas and strengthen its position in the feed, food and…
ASIA – Leading agribusiness company, Cargill has said that it will invest US$112 million at its corn processing facility in Songyuan, Jilin, China in capacity expansions. This is part of the joint initiative between Cargill and Songyuan government to build the Sino-US Cargill Biotech Industrial Park, featuring the Cargill Food Safety and Technology Center. The…
ASIA – British multinational brewer, Diageo has formed a joint venture with Jiangsu Yanghe Distillery to launch a ‘new-to-world’ premium whisky in China. Called ‘Zhong Shi Ji’, the new whiskey brand was crafted by master blenders and distillers from Scotland and China to create what the companies refer to as “a premium taste of East…
ASIA – The International Finance Corporation, IFC has provided US$3 million loan facility to SLCM Limited, a Delhi-based agri logistics group to expand its warehousing services in Myanmar. According to IFC, the credit facility will help the company expand its warehousing services and allied services in the Southeast Asian nation while improving farmers’ livelihoods by…
ASIA – GEA Group, leading supplier of technology for the food processing industry has secured a contract deal with the National Agricultural Development Company (NADEC) to build and supply the industrial equipment for a large olive oil mill in Saudi Arabia. GEA said the contract, valued at more than US$3.41 million (3 million euros) follows…
ASIA – The world’s leading producer of stevia sweeteners, PureCircle has announced that it has received approval for expanded use and applications of its next generation stevia leaf sweetener, Reb M in Singapore. The approval allows PureCircle to market the stevia leaf ingredient to food and beverage companies in Singapore for production of zero- and…