ASIA - The International Finance Corporation (IFC), a member of the World Bank Group is investing US$25 million in KazFoodProducts LLP food processing group of companies operating in grain milling and confectionary sectors. The investment aims at supporting the company’s expansion plans, boost Kazakhstan agricultural sector through diversification strategies as well as enhancing global food…
USA - Archer Daniels Midland Co. (ADM), the global food processing and commodities trading corporation has announced a collaboration with DuPont Industrial Biosciences to develop, produce and market cellulose enzymes for operators of grain-based ethanol plants. According to ADM, cellulose enzymes assist in hydrolysing the corn kernel fiber, which consists mostly of cellulose and hemicellulose…
CHINA - Tetra Pak, the multinational food manufacturing and packaging company, has announced that it has helped Yili, a leading Chinese dairy manufacturer, to produce the world’s first drinking yoghurt with large fruit and cereal pieces. According to the company, Yili launched the breakthrough product in Tetra Top 200ml with large re-sealable screw caps,…
SOUTH AFRICA - South Africa and the Ministry of Ocean Economy, Marine Resources, Fisheries of Mauritius have signed a Memorandum of Understanding (MoU) to enhance capabilities in fisheries, fishing, seafood processing, trade of fish and fish products by promoting aquaculture development and exchange of related expertise and technologies. According to AllAfrica, MoU also allows for…
FRANCE - Carrefour, France’s largest food retailer and Google have formed a strategic partnership to boost its ecommerce platform and support its digital transformation. Carrefour said it has collaborated with the technology company which help it innovate new distribution models and takes its grocery shopping experience online. As part of the partnership, Carrefour will open…
SOUTH AFRICA - Clover Industries Limited, the branded foods and beverages group has partnered with the South Africa’s functional food company FUTURELIFE to introduce Smart Drink, a nutritional dairy product to add to its portfolio of functional drinks. SMART DRINK is an enriched drink made of dairy and a combination of specialized starches (non-GMO), to…
SWITZERLAND - Firmenich SA, the Swiss fragrance and flavors company has entered into a strategic partnership with Nelixia, the Guatemala based producer and exporter of essential oils to expand their natural ingredients reach in Central America. Firmenich is investing in Nelixia significantly expanding its raw materials portfolio as well as accelerating its potential in natural…
USA - The privately-owned corporation Cargill has partnered with The Nature Conservancy and Nestlé Purina to launch a three-year sustainability programme to reduce water waste in the beef supply chain. The project which claims to save up to 2.4 billion gallons of water over three years will see farmers install weather sensors in crop fields…
USA - DuPont has received approval from the European Commission (EC) to divest its alginates business to JRS Group, a manufacturer of functional additives from plant-based raw materials. The divestiture, expected to close in the third quarter 2018 was a requirement set by the EC for its proposed acquisition of FMC’s Health & Nutrition (H&N)…
SOUTH AFRICA - The bid by Pioneer Foods to a majority stake in Heinz Food SA has received a greenlight from South Africa's Competition Commission on condition that no jobs are lost as a result of the merger. The commission elaborated that the deal would impact on employment thus the companies were required not to…
