Covantis launches as legal entity, announces CEO and executive appointments

SWITZERLAND – Covantis, the industry initiative that aims to modernize global agribusiness trade operations, has announced that it has received all required regulatory approvals and has incorporated as a legal entity in Geneva, Switzerland, as […]

Evolva enters a new agreement with IFF on vanillin commercialization

SWITZERLAND – Evolva has entered a new collaboration agreement with American creator of taste, scent and nutrition for consumer products, International Flavors and Fragrancies (IFF) to further develop and expand commercialization of vanillin. The new […]

Nestlé steps up global response to COVID-19 pandemic

SWITZERLAND – Nestlé has announced a partnership with the International Federation of the Red Cross and Red Crescent Societies (IFRC) in providing immediate help to strengthen health care systems during the COVID-19 crisis. The IFRC, […]

Nestlé in talks to sell its Chinese unit Yinlu Foods Group

CHINA – Swiss food and beverage giant, Nestlé is planning to sell its Chinese unit Yinlu Foods Group and has hired US lender and financial services provider, JPMorgan Chase & Co. to handle the divestment, […]

Nestlé signs European Plastics Pact to accelerate the transition towards a circular economy

SWITZERLAND – Nestlé has signed the European Plastics Pact, as part of the food and beverage giant’s efforts to achieve 100% recyclable or reusable packaging and reduce the use of virgin plastics by one third […]

Givaudan acquires US based flavour and ingredients company Ungerer

SWITZERLAND – The global fragrances and flavours company, Givaudan has completed the acquisition of Ungerer & Company, a US based flavour, fragrance and specialty ingredients firm. Headquartered in New Jersey, USA, Ungerer is a leading […]

Firmenich achieves 100% renewable electricity worldwide ahead of schedule

SWITZERLAND – The Swiss flavor and fragrance company, Firmenich has announced that it has achieved 100% renewable electricity for all its operations globally ahead of schedule. In 2015, the flavor house set an industry-leading goal […]

Nestlé achieves medium-term plan ahead of schedule as sales hit US$94.8bn

SWITZERLAND – Nestlé closed its 2019 financial year with a 1.2% rise in total sales to CHF 92.6 billion (US$94.72bn) and an organic growth of 3.5%, with the company releasing its medium-term plan one year ahead. […]

Bühler reports good performance despite high volatility in some markets

SWITZERLAND – Bühler reported a 7.6% increase in EBIT margin during the company’s 2019 financial year, benefiting from a strong performance in its food and feed businesses. The Swiss milling equipment supplier reported a stable […]

Firmenich invests in green packaging pioneer LOOP to support global expansion

SWITZERLAND – Flavors and fragrances company, Firmenich has made a co-investment with Quadia in LOOP, a green packaging pioneer, Series A funding round. Supported by some of the largest consumer brands, with early partners including […]