Mondelēz International launches new cocoa crop science technical centre in Indonesia

INDONESIA – Mondelēz International has opened a new ‘state-of-the-art’ cocoa crop science technical centre in Pasuruan, Indonesia that will support the development of sustainable and resilient high-yield farming practices. The center enables Mondelēz International to develop and promote better cocoa farming practices, continuing its work with farming communities, suppliers and partners around the world. It represents an important step in the company’s mission to lead the future of snacking by securing a sustainable future for high-quality cocoa, so consumers can enjoy the right snack, for the right moment, made the…

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IFAD, Mars and ICRAF invest US$4m on sustainable farming project in Indonesia and the Philippines

ASIA – The International Fund for Agricultural Development (IFAD), Mars, Incorporated and World Agroforestry (ICRAF) have partnered to invest US$4 million on a five-year research-in-development project, Sustainable Farming in Tropical Asian Landscapes (SFITAL) in Indonesia and the Philippines. The project, according to a press-release by IFAD, aims to explore how agricultural systems can be managed sustainably in entire landscapes in a way that respects the environment and enables the producers to thrive by linking them to global supply chains. SFITAL will focus on palm oil in Indonesia and cocoa in…

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Indonesia’s Indofood to buy instant noodle maker Pinehill for US$3b

INDONESIA – PT Indofood CBP Sukses Makmur, an Indonesian consumer branded products company, is planning to acquire Pinehill Company Limited,  a producer of instant noodles in Africa and the Middle East for US$3 billion to expand in fast-growing markets for consumer products. Indofood CBP, part of conglomerate Indofood Sukses Makmur, will acquire 100% of Pinehill Co. from Pinehill Corpora Ltd., an affiliated party of Indofood CBP, and Steele Lake Ltd. Indofood entered into the agreement to acquire the company in May this year. According to a report by Bloomberg, the…

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De Heus Animal Nutrition acquires ADM’s compound feed operations in Indonesia

INDONESIA – Dutch animal nutrition company, De Heus Animal Nutrition has completed the acquisition of the compound feed operations of Neovia Indonesia (PT Welgro Feedmill and PT Wirifa Sakti) from ADM. The acquisition further strengthens De Heus’ position in Indonesia with two compound feed mills located in West-Java and East-Java that generated total sales volume of 125,000 tonnes in 2019. Neovia Indonesia focus mainly on the poultry, aqua and swine feed segments. It is estimated that the size of the animal feed market in Indonesia will increase from 19 million…

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Coca-Cola Amatil teams up with Dynapack Asia to build recycling plant in Indonesia

INDONESIA – Coca-Cola Amatil Indonesia has entered into a Heads of Agreement with long-term packaging partner Dynapack Asia, to build a state-of-the-art bottle to bottle grade Polyethylene Terephthalate (PET) recycling facility in Indonesia. Coca-Cola Amatil and Dynapack said that they will work together through a proof of concept phase, which is intended to consider a potential plant’s economic feasibility, size, scale and location, end-to-end requirements and potential integration into each company’s value chains. President Director of Coca-Cola Amatil Indonesia, Kadir Gunduz, revealed Amatil and Dynapack had established a joint project…

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Ajinomoto Group introduces nutrient profiling system to its products

JAPAN – Tokyo-based seasonings major, Ajinomoto has announced that it will be rolling out its nutrition improvement activities globally following the introduction on April 1, 2020 of the Ajinomoto Group Nutrient Profiling System for Products (ANPS-P). The ANPS-P is a system which the company developed as a method of scientifically assessing the nutritional value of products such as powdered soups and frozen foods. Ajinomoto said that the Nutrient Profiling System will cover approximately 500 products at nine Ajinomoto Group companies in seven countries including Japan, Thailand, Asia, Vietnam, Indonesia, Philippines,…

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Indonesian coffee chain Kopi Kenangan raises US$109m to fuel growth

INDONESIA – Kopi Kenangan, Indonesia’s grab-and-go coffee chain has raised US$109 million in a Series B funding round led by existing investor Sequoia Capital to accelerate the startup’s expansion in Southeast Asia. According to a DealStreetAsia report, B Capital, Horizons Ventures, Verlinvest, Kunlun and Sofina as well as return backer Alpha JWC Ventures also participated in the funding round in a deal that counts as one of the largest consumer investments in the region. Kopi Kenangan plans to use proceeds from the investment round to further build its operations in…

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Olam secures US$176m to consolidate its cocoa and agribusiness operations

SINGAPORE – Global food and agri-business company, Olam International and its wholly owned subsidiary, Olam Treasury Pte. Ltd., have secured multi-tranche financing facilities aggregating US$176 million. The company disclosed that the financing arrangement was facilitated by the International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA).  The facilities consist of two tranches; a 5-year term loan of US$120 million and a 7-year term loan of US$56 million and is the first co-financing project between IFC and JICA in the agri-sector. The company intends to use the proceeds to finance…

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PepsiCo-backed plastic recycling fund invests US$6m in two Asian firms

SINGAPORE – The Circulate Capital Ocean Fund (CCOF), an investment fund dedicated to the alleviating the ocean plastic pollution crisis in Asia, has made its inaugural investments in two plastic recycling companies located in India and Indonesia for a total investment of US$6 million. CCOF is a US$106 million fund that was established by Singapore based investment firm, Circulate Capital​, and is backed by several of the world’s leading companies, including PepsiCo, the first investor; Procter & Gamble; Dow; Danone; Unilever; and The Coca-Cola Company. By supporting the Fund, the…

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Coca-Cola Amatil invests in Indonesian logostics startup Kargo Technologies

INDONESIA – Amatil X, the corporate venture capital platform of Coca-Cola Amatil Indonesia has made a strategic investment in Indonesian logistics startup, Kargo Technologies as part of the bottler’s broader strategy to digitize its operations. Kargo Technologies is a freight logistics startup that integrates shippers and logistics providers onto a single marketplace aiming at digitizing Indonesia’s freight logistics industry by leveraging technology to drive efficiency, transparency and accountability. The startup has developed a platform that enables shippers, transporters and truckers to connect, transact and track shipments in real time through…

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