Canpack to invest US$80m in expanding beverage cans production capacity

POLAND – Canpack, one of the largest manufacturers of aluminum beverage cans, will be investing over US$80 million in expanding production capacity of its beverage cans manufacturing plants in Russia and Colombia by more than […]

AAK acquires majority stake in Russian food company Margaron

RUSSIA – Swedish manufacturer of value-adding specialty vegetable fats and oils, AAK has acquired 75% of NPO Margaron, a producer of margarines, spreads, and bakery and confectionery fats, based in St. Petersburg, Russia. Margaron has […]

Thailand’s CP Foods unveils plans of expanding in 17 overseas markets

THAILAND – CP Foods,an agro-industrial and food conglomerate headquartered in Thailand plans to expand in 17 overseas markets where the company is operating especially China, Vietnam, India, the Philippines, Russia, the United States. The direction […]

Nigeria secures key fertilizer production ingredient from Russia to boost local production

NIGERIA – The Federal Government on Monday entered into an agreement with a Russian firm, Uralchem, on fertiliser production in Nigeria. The signing which was done under the Presidential Fertiliser Initiative (PFI) will see Russia […]

Huhtamaki inaugurates new fiber packaging line in Russia

RUSSIA – Huhtamaki, a global specialist in packaging for food and drinks has opened a new fiber packaging line in Invanteevka, Russia to enable the company meeting the growing demand of packaging solutions. The new […]

VTB acquires majority stake in Russian grain trader Mirogroup

RUSSIA — Russian state-controlled bank VTB has revealed that it has completed the purchase of a 70% stake in Russian grain trader Mirogroup, the Reuters reports. The transaction expands the lender’s diversification into the grain […]

Symrise expands dry taste solutions with new liquid flavoring line

RUSSIA – The Dutch flavors and fragrances company, Symrise has launched a new production line for liquid flavorings at its Rogovo facility in Russia, expanding dry taste solutions range. The expansion allows the company to […]

Russia extends zero duty on wheat export on a stable market

RUSSIA – The Russian government has extended the zero rate for the wheat export duty to July 1, 2021. According to Russia’s Agriculture Minister Dmitry Patrushev, there were no reasons to abolish the zero-duty rate […]

Heineken Russia launches new bottles using PET Engineering technology

RUSSIA – Global beer brewer, Heineken has launched two new PET bottles developed using PET Engineering’s interchangeable insert system technology. The new bottle designs have been used for brands Tri Medvedya, Okhota and Okckoe by […]