Thai Union makes strategic investment in Icelandic seafood company Aegir

THAILAND – Bangkok-based seafood company, Thai Union Group has made a strategic investment in Aegir Seafood Company, one of the leading producers of cod liver in Iceland. The company said that the investment in Aegir […]

Cargill invests US$113m in Ivory Coast and Ghana cocoa processing expansions

WEST AFRICA – Global agribusiness company, Cargill will be investing over US$113 million to expand its cocoa processing sites in Yopougon, Ivory Coast and Tema, Ghana. The company is planning to invest US$100 million to […]

United Breweries forays into craft beer segment with Kingfisher Ultra Witbier

INDIA – Bangalore-based United Breweries Limited has ventured into the alternate beer category with the launch of the Kingfisher Ultra Witbier – the first non-lager beer from the house of Kingfisher. Brewed with the authentic […]

AB InBev to use electric Volvo Trucks to deliver beers with zero emissions

EUROPE – AB InBev, the world’s leading brewer and Volvo Trucks, have announced the order of a brand new in series produced Volvo Electric Truck, which will deliver its beers across Europe from April 2020 […]

Coca-Cola realigns its bottling operations in North India to improve efficiencies

INDIA – The Coca-Cola Company has announced an internal realignment of its bottling operations in North India, as the beverage giant moves to build a stronger and more sustainable local business. Under the new operation model, […]

British online grocer Ocado launches US$642m bond issue to fund robotic warehouse deals

UK – Ocado, a dedicated online grocery retailer has launched a £500 million (US$642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners. While Ocado’s retail business has […]

Circulate Capital launches US$106m fund to address Asia’s ocean plastic crisis

ASIA – Singapore-based venture capital firm Circulate Capital, with founding investors and partners PepsiCo, Procter & Gamble, Dow, Danone, Unilever, The Coca-Cola Company has launched the US$106 million Circulate Capital Ocean Fund. The fund, touted […]

JBS to purchase J&B Group’s meat processing plant in Minnesota

USA – Meat and meat products processor, JBS USA has secured a lease agreement with a J&B Group to acquire its value-added beef processing facility in Pipestone, Minnesota in the US. The JBS SA subsidiary […]

Moët Hennessy acquires majority stake in Château d’Esclans Côtes-de-Provence

FRANCE – Moët Hennessy, the wine and spirits division of French conglomerate LVMH, has acquired a 55% majority stake in Château d’Esclans, the leading Provence Rosé in the American market. Moët will acquire 50% ownership […]

Finish dairy firm Valio aims to become carbon neutral by 2035

FINLAND – Sustainably produced food is a hot market and companies are increasingly putting more emphases on reducing their carbon footprint. To increase the company’s competitive advantage, Finnish dairy products manufacturer, Valio has set an […]