Tag: Investments

SIG to build US$48m plant in Mexico to support continued growth in North America

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MEXICO – Switzerland-based aseptic carton packaging manufacturer, SIG Combibloc, has announced that it will invest around €40 million (about US$48 million) to construct a new production plant in Queretaro, Mexico. This is in an effort to support the company’s continued growth in North America. The facility is expected to open in the first quarter of 2023, creating around 200 jobs. It will particularly enable the company to establish “state-of-the-art” production capabilities for the printing, cutting and finishing of carton packs. SIG says the new facility will also bring it closer…

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Biotechnology company CGAL seeks to invest US$68m in Ghana to promote organic farming

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GHANA – Contec Global Agro Limited (CGAL), a United Kingdom based organic farming and biotechnology company, is seeking to set base in Ghana. The company which currently operates in UK, Qatar and Nigeria, offers solution ranging from bio-fertilizers, bio-pesticides, bio-fungicides, plant tissue culture and probiotic plants. According to reports by Ghanaian Times, CGAL will inject 50 million pounds (US$68m) in establishment of a state-of-the-art facility to produce and distribute its products, promoting organic farming in Ghana. Other than availing agro-products, the company disseminates scientific information, training and development tailored research…

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Alliance Ginneries Limited invests US$11m in construction of soybean oil processing plant in Zambia

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ZAMBIA – Alliance Ginneries Limited (AGL), a cotton ginning company operating in Southern Africa is seeking to diversify its operation by venturing into soybean oil extraction and refining. The company has commenced construction work for its new processing plant in Lusaka, Zambia to cost US$11m. The invested amount was raised by the company through impact investment. This was revealed by Prospero Zambia, a UKaid-funded private sector development entity, who supported Alliance Ginneries to close the deal. “Prospero is happy to have supported Alliance Ginneries with investment readiness technical assistance to…

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Ethiopia’s dairy company Lame Dairy invests US$14.5m in new processing facility

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ETHIOPIA – Lame Dairy, subsidiary of Midroc Ethiopia Technology Group has opened a new dairy facility in Addis Ababa, constructed at a cost of Br 600 million (US$14.5m). The new factory more than doubles the dairy processors capacity from 70,000 litres of milk a day to 160,000 litres, and will produce the long-life Shola Milk brand that can stay fresh for three weeks under refrigeration. The new bottled product will enable distribution to far-off and remote areas, as well as reduce wastage. It will also produce other by-products such as…

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Tyson Foods opens new US$425m Tennessee poultry complex amid unending price-fixing allegations

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US – Tyson Foods, the world’s second-largest processor and marketer of chicken, beef, and pork, has officially inaugurated its new poultry complex in Humboldt, Tennessee, following a total investment of US$425 million. Located within the Gibson County Industrial Park , the site consists of a processing plant, feed mill and hatchery, and represents Tyson Foods’ biggest investment in Tennessee. The plant is expected to start production later this month and will produce pre-packaged trays of fresh chicken for retail grocery stores nationwide. According to Tyson Foods, several hundred workers have…

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Zimbabwe’s Delta Corporation invests US$1.1m in sorghum production to meet rising beer demand

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ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of both international and locally produced beverages has invested US$1.1 million into sorghum planting under a strategy to secure inputs for its massive operation. The Zimbabwe Stock Exchange listed blue-chip, has recently been making fresh forays into domestic and foreign markets, unlocking opportunities for growth and higher demand for beer. The US$1.1 million injection, according to Zimbabwe Independent, will be channelled production of 13, 425 tonnes of sorghum to quench up the thirst of beer lovers as demand rises. “We have…

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Nestlé’s new plant-based food processing facility in Malaysia to support alternative proteins adoption in Asia

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MALAYSIA – World’s largest food company Nestlé has inaugurated a new production site for plant-based burgers, schnitzels, mince, and more in Shah Alam, Malaysia in an effort to support the current wave of alternative protein foods that is currently happening in Asia. According to Nestlé, the new facility has the capacity to produce 8,000 tons of plant-based food a year and will supply both foodservice and retail with the new Harvest Gourmet brand. Plant-based diet is now in vogue in Asia just like in many other parts of the world…

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Mozambique’s Bananalândia Group eyes bigger banana export market, opening US$20m processing unit

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MOZAMBIQUE – Bananalândia Group, a major producer and exporter of bananas in Mozambique has inaugurated its new US$20 million production and processing unit in Maputo province, South of the country. The new unit according to Club of Mozambique, uses modern equipment to plant banana palms and occupies an area of 900 hectares. It currently employs 1,000 workers, with an annual production capacity of 3.5 million boxes for export, reinforcing Mozambique’s lead position in the regional banana market. Over the last decade, much has been done to make the country a…

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Anheuser-Busch doubles down on barley upcycling, invests US$100m in production capacity expansion

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 US – Anheuser-Busch, a subsidiary of the world’s largest brewing company AB InBev, is investing US$100 million to expand the production capacity of its subsidiary that takes barley after it is used to make beer and repurposes it to be incorporated into food and other beverages. The funding is part of Anheuser-Busch’s pledge in February to invest more than US$1 billion in its U.S. facilities during the next two years and is anticipated to create 50 jobs. The maker of Budweiser and Michelob Ultra said it is renovating a building…

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AB InBev officially cuts ribbon to fourth brewery in Mozambique worth US$180m

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MOZAMBIQUE – Anheuser-Busch InBev (AB InBev), the world’s largest beer producer through its Mozambican subsidiary Cervejas de Mocambique (CDM), has officially inaugurated its new US$180 million brewery. The new processing facility was opened by the President of the Republic, Filipe Nyusi who graced the occasion. According to reports by Reuters, the new site has a production capacity of 2.4 million hectolitres per year, with potential to expand that to 6.7 million hl. It has a filling line with the capacity to produce 80,000 bottles per hour. CDM claims that the…

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