ASIA - The International Finance Corporation (IFC), a member of the World Bank Group is investing US$25 million in KazFoodProducts LLP food processing group of companies operating in grain milling and confectionary sectors. The investment aims at supporting the company’s expansion plans, boost Kazakhstan agricultural sector through diversification strategies as well as enhancing global food…
ASIA - The International Rice Research Institute (IRRI) has partnered with the UK based multinational inspection, product testing and certification company, Intertek to enhance sustainable rice production and global food security. The collaboration will see Intertek use rice DNA markers developed by IRRI in a joint initiative geared at equitable sharing of knowledge and provision…
USA - The global probiotics market is projected to grow to US$64 billion at a compound annual growth rate (CAGR) of 7% through 2022, according to Ingredients. While all regions are expected to experience growth, the fastest region is Latin America, with Brazil contributing to 52% of the area’s total probiotic market. With the rising…
ASIA - The US based ingredients maker, Ingredion has launched a high-capacity, nature based plating agent that allows manufacturers transform a variety of both oil and water-soluble liquids into powdered ingredients. Developed by Ingredion scientists in their Idea Labs, N-ZORBIT 2144 is a unique, porous structure that increases the surface area exposed to liquids, facilitating…
ASIA - The International Finance Corporation (IFC), a member of the World Bank Group and Myanmar Rice Federation (MRF) have signed a memorandum of understanding to support sustainable growth of Myanmar’s rice industry. The partnership made by a collaboration with Australia, United Kingdom and Japan aims to accelerate changes in the industry through development, improvement,…
USA - The Los Angeles plant-based meat substitute producer, Beyond Meat is seeking to go beyond the US in a global expansion as it targets to enter over 50 new markets around the globe. According to an article by FoodBev, the brand will work with leading distribution and foodservice partners to roll out its Beyond…
SOUTH AFRICA - Drifter Brewing Company, one of SA’s upcoming brewers has raised almost quarter a million US dollars (R3million) in funding to explore beer markets outside its home continent that is US, Europe and Asia. Business Day reported that the company’s plans to expand its reach outside Cape Town where it is based and…
ASIA - Oman Flour Mills has announced that its Chief Financial Officer, Salim Khairulla will be leaving the company Mid-May after tendering resignation citing personal reasons. Khairulla was appointed an interim Chief Executive Officer for Oman after its then CEO, Ali Habaj stepped down to join Oman Cables Industry at the end of June. He…
INDIA - Coca-Cola India has announced the launch of Thums Up Charged No Sugar, a new no sugar home-grown brand that the company says does not compromise on either taste or flavor. The flavor promotes moderation and offers customers a variety to choose from, that is regular, low-sugar and no-sugar options. The company said it…
INDONESIA - Azelis, specialty ingredients distributor and supplier has partnered with CP Kelco, a leading hydrocolloids producer to enhance accessibility of its diverse range of products and innovative services including carrageenan, pectin, gellan gum and xanthan gum products in Indonesia. The partnership strengthens existing agreements between the two companies in Europe, Middle East and Africa…
