iFood merges with Delivery Hero’s Domicilios.com to strengthen grip in Colombia

COLOMBIA – iFood, one of the leading food delivery platforms in Latin America has merged with Delivery Hero’s business in Colombia, Domicilios.com to enable the companies expand and strengthen their footprint in South America. The companies did not disclose the value of the transaction but will result in Brazil-based iFood holding a 51% equity stake in the partnership, while Delivery Hero will hold the remaining 49%, reports TechChrunch. Together, iFood and Domicilios.com say they will have the largest geographic coverage of any food delivery company in Colombia. Domicilios.com is already…

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Canpack to invest US$80m in expanding beverage cans production capacity

POLAND – Canpack, one of the largest manufacturers of aluminum beverage cans, will be investing over US$80 million in expanding production capacity of its beverage cans manufacturing plants in Russia and Colombia by more than 1 billion cans annually. The investment will see the company increase the production capabilities of its Colombian facility by 46% from the current 1.3 billion cans to 1.9 billion cans annually. In Russia, Canpack said that it will also increase its annual capacity by 34% from 1.9 billion cans to 2.55 billion cans. The expansion…

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Olam teams up with John Lewis Partnership to inspire next generation of Colombia’s coffee farmers

COLOMBIA – Olam Coffee, Olam’s International division that specializes on the coffee value chain has partnered with John Lewis Partnership, Bewley’s Tea & Coffee and coffee cooperative ASOPEP to launch a new project in Colombia. The four partners will establish a new laboratory and training centre designed to raise coffee quality and livelihoods for smallholder farmers in post-conflict zones in the south-west of Colombia. The quality lab and education facilities will allow local growers to access training on organic and sustainable farming, good agricultural practices, new varieties and quality testing.…

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Nestlé invests in Latin American venture capital firm Angel Ventures

MEXICO – Nestlé is investing in Angel Ventures, a Latin American venture capital firm that seeks to raise US$100 million by the end of second quarter 2020, to support startups across Mexico, Colombia, Peru and Chile. Nestlé said that the capital will fund startups in the food, beverage, pet food or food tech space as well as business models. The fund will be distributed between 20 to 25 startups in the Pacific Alliance countries. The Swiss food and beverage company said the agreement was unique in the region and would…

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Canpack opens US$150m aluminum beverage cans production facility in Colombia

COLOMBIA – Canpack, a leading global manufacturer of aluminum beverage cans, has inaugurated its brand-new US$150 million can production facility located in Tocancipa, Colombia. The new site covers approximately 75,000 square meters and has an annual capacity of 1.3 billion cans, which the company said is expandable to 1.9 billion cans. The facility will be producing aluminum beverage cans for the local market in both standard sizes 330ml or 355ml as well as unique formats such as 269ml and 473ml cans. While Colombia will be the major market, cans produced…

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Colombia’s discount food retailer Ara Tiendas secures US$93m to expand operations

COLOMBIA – Ara Tiendas, a Colombian based proximity food discounter has secured a US$93 million (about COP330 billion) from the International Finance Corporation (IFC) to help it increase the foot print of its discount grocery stores in the country. Ara Tiendas expansion drive efforts come at a time when its major customers who are mainly low and middle-income earners are demanding increased access to affordable and quality food. The loan from IFC will thus enable Arla Tiendas adequately cater for the growing number of customers without compromising on quality while…

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Nespresso in effort to revive coffee production in Colombia

USA – Nespresso has committed to support coffee farmers in in the municipality of El Rosario, in the Nariño Department of Colombia through a program that seeks to revitalize coffee production in the region impacted by illicit drug production. Through a collaboration with the Colombian Coffee Growers Federation (FNC) and the Howard G. Buffett Foundation, Nespresso has said it will help bring the region under coffee production while improving farmers’ livelihoods. The partnership was announced on May 28, following a meeting between Colombian President Iván Duque, Howard Buffett; Jean-Marc Duvoisin,…

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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 development in those countries. As part of the AAA Sustainable Quality™ Program, Nespresso is working with farmers in regions that have been blighted by conflicts, economic hardships or environmental disasters. The Reviving Origins programme is…

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Cargill acquires Colombian poultry products producer Campollo

USA – The global agribusiness company, Cargill has acquired Colombia’s leading chicken and protein products producer Campollo for an undisclosed amount to expand its global poultry business. Campollo which has a strong footprint in Colombia through its products and 20-year presence, will expand Cargill’s business in Latin America that is in Colombia, Costa Rica, Guatemala, Honduras and Nicaragua. As part of the agreement, Jorge Ivan Duque, general manager of Cargill’s Pollos Bucanero, will continue leading Cargill’s expanded poultry business in Colombia. “As a Colombian, I´m proud we are strengthening the…

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Colombia pledges to eliminate deforestation from cocoa supply chain by 2020

COLOMBIA – The government of Colombia, along with cocoa companies Casa Luker and Compañía Nacional de Chocolates, has pledged to eliminate deforestation from the country’s cocoa supply chain by 2020. According to FoodBev, Colombia has joined the Cocoa and Forests Initiative, a global effort to ensure deforestation-free cocoa. The governments of Ghana and Côte d’Ivoire were the first two governments to sign and implement the agreement in 2017. Colombia becomes the first country from Latin America to sign up to the scheme, which will be called the Cocoa, Forests and Peace…

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