Wilmar partners with Singapore for a new US$80.1m research facility

ASIA - Asian agribusiness company Wilmar International and the National University of Singapore (NUS) have invested in a new research laboratory to conduct clinical nutrition and synthetic biology research to create healthier food products, worth US$80.1 million. According to FoodBev, the laboratory seeks to strengthen Singapore’s innovation system by conducting industry-relevant research and development. Research…

Olam profit grows despite 10.5% drop in revenue for confectionery and beverage

SINGAPORE - The global agribusiness company Olam International, has reported profit growth in the 2018 first quarter results despite 10.5% drop in revenue for its confectionery and beverage segments on both lower volumes and prices. Olam reported US$274.18 million in EBITDA lower than that of Q1 2017 which stood at US$296.9 million. During the quarter…

Nigerian Breweries introduces Singapore’s Tiger Beer into the local market

NIGERIA - Nigerian Breweries Plc (NBP) has launched a new beer into the local market, Tiger Beer brand from Singapore in an event tagged ‘uncage’, as reported by the Vanguard. The launch of the Tiger Lager into the Nigerian market scales up competition by major brands to increase beer market share. The new brand, an…

Olam launches ‘net-positive’ sustainability policy

SINGAPORE - Olam International has launched a ‘net-positive’ sustainability policy applicable to commodities globally for direct and indirect sourcing with an aim to re-generate rural landscapes and eco-systems. Under the program, deemed Olam Living Landscapes Policy (OLLP), offers a net-positive approach to agricultural supply chains and landscape management, and aims to adopt principles that support…

Tate & Lyle upgrades its Singapore laboratory into a food application hub

SINGAPORE - The British-based agribusiness, Tate & Lyle has completed expansion of its Singapore food application laboratory with the aim of transforming it into a modern hub for food ingredient formulations in the region. The upgrade doubles the size of the food application centre to increase production capacity, together with state-of-the-art technology including pilot-scale capabilities…

Wilmar’s 25% increase in net profit, pushed higher by oilseeds and grains

SINGAPORE - Asia’s leading agribusiness group, Wilmar International’s profits have jumped to US$1.2 billion, 25% up from US$972.2 million in the same period in 2016, thanks to strong performance in the oilseeds and grains sector. The revenue for the year improved by 5.9% to US$43.84 billion; attributed by its wide portfolio of high quality agri-products.…

ADM opens new innovations centre in Singapore

SINGAPORE - Archer Daniels Midland Company has celebrated the opening of a cutting-edge flavor and ingredient creation, application, development and customer innovation centre at the Biopolis research hub in Singapore. According to the company, this state-of-the-art facility will support development of innovative, on-trend, nutritious products to meet growing food and beverage demand in Asia-Pacific. The…