RUSSIA – Amber Beverage Group, a subsidiary of the alcoholic beverages producer SPI Group has announced that it set to acquire a controlling stake in Permalko for an undisclosed sum. As part of the transaction, Amber Beverage Group will retain all of the Permalko operational management team and staff. According to the company, the acquisition…
RUSSIA - The Barry Callebaut Group, the world’s leading manufacturer of high-quality chocolate and cocoa products, has signed an agreement to acquire Inforum, a leading Russian B2B producer of chocolate, coatings and fillings, serving many of the well-known consumer chocolate brands in Russia. According to the company, the strategic acquisition will strengthen its presence and…
USA - BRF S.A, the Brazilian food company has registered a loss of US$32 million in the quarterly results despite rising domestic sales citing a difficult trading environment especially after trade bans imposed by Russia and Europe on Brazilian meat products. As a result of trade bans, the company was forced to send workers on…
RUSSIA - PepsiCo, Inc., the American multinational food, snack and beverage company has opened a new US$42.3 million baby food plant with a daily capacity of approximately 25 tonnes in Russia, reported FoodBev. The new plant will exclusively be used to produce cottage cheese and yogurt products for the company’s Agusha and Chudo Detki brands.…
RUSSIA - PepsiCo, Inc., the American multinational food, snack and beverage company has opened a new US$42.3 million baby food plant with a daily capacity of approximately 25 tonnes in Russia, reported FoodBev. The new plant will exclusively be used to produce cottage cheese and yogurt products for the company’s Agusha and Chudo Detki brands.…
RUSSIA - Kemin Industries, a global nutritional ingredient company through its initiative Kemin Crop Technologies, has launched Sal CURB B liquid product, an antimicrobial solution to secure feed hygiene in Russia. Sal CURB B liquid brings special synergistic combination of surface-active agents and powerful antimicrobial compounds in the feed chain. The new solution combines on…
RUSSIA - Russia has harvested its largest grain crop in nearly 40 years, exceeding 134 million metric tonnes (MMT) according to official reports, moving Russia into the number one position of global wheat exporters. The report includes 85.5 MMT of wheat, 20.5 MMT of barley, 12 MMT of corn, and almost 15.8 MMT of other…
RUSSIA – Nestlé is building its first infant formula plant in Russia and the Eurasian region, as the world’s leading nutrition, health and wellness company invests to meet rising demand in the region. “The factory in Vologda is a strategic plant for Nestlé in Russia and CIS, the only factory producing Nestlé infant formula in…
RUSSIA - Heineken, the world’s third-largest brewer, has announced its plans to sell its production site in Kaliningrad, Russia for US$4.3 million. According to Reuters, the Dutch company had already halted production at the Kaliningrad plant in January, citing a steady decline in Russia’s beer market due to the tightening of the regulation and recession.…
WORLD - World wheat sowings will see "only modest" growth despite the lure of higher prices, the International Grains Council said, seeing area in the European Union, the top grower, as "broadly unchanged". The International Grains said that world wheat prices are "more than 10% higher year on year as northern hemisphere growers plant winter…
