Italian company Hebron Plc invests US$1.8m in production of coffee capsules in Ethiopia

ETHIOPIA – Hebron Trading Plc, an Italy headquartered company, has set base in Ethiopia, investing Birr 80 million (US$1.8m) to add value to locally grown coffee, packaging them into capsules used for brewing espressos. The company based in the recently inaugurated Yirgalem Agro-Industrial Park, is currently undertaking machinery and equipment installation and targets to launch in the market by July, reports Addis Fortune. Once completed, Hebron will be the first company to locally produce the value-added coffee product in Ethiopia Ethiopia’s coffee exports accounted for 28.6% of the country’s foreign…

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Nestlé posts 7.7% organic growth in Q1 as Heineken remains resilient amid mounting challenges

EUROPE – Nestlé, the world’s biggest company, has recorded 7.7% organic sales growth in the first quarter, driven by a boost in coffee sales and a gradual recovery in out-of-home channels. Heineken, the world’s second largest beer company, has on the other hand, managed to maintain its beer sales at 2020 levels despite of challenges such as alcohol bans and on-trade sale restrictions in a majority of its markets.   According to a statement from Nestlé, the company recorded Q1 net sales rose to CHF 21.09 billion (US$23.02 billion), up…

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Nestlé joins EU cage-free egg call as Nespresso expands Swiss facility to meet rising demand for coffee

SWITZERLAND – Swiss food manufacturing conglomerate Nestlé is now using only cage-free eggs in all its food products in Europe, as part of its wider commitment to animal welfare. To accelerate industry wide adoption of the practice, the company has now joined a call for the European Union to outlaw cages in animal farming, starting with laying hens. Nestlé says the call was inspired by the results of the European Citizens’ Initiative ‘End the Cage Age’ which calls for the end of cages in animal farming across Europe. In 2018,…

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