AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

Alapala celebrates life of experienced technical director, offers range of professional services to millers

Jul 19, 2021Jul 21, 2021 Editor

TURKEY — Grain milling and handling system technologies company Alapala is celebrating the life of Milan Shah who until his death was the company’s technical director. Milan Shah, a Kenyan by birth, had a mechanical engineering degree from Bristol and over 20 years of experience in the milling sector. He had served Alapala for over 10 years in various positions and until his demise, he was serving as the Technical Director where oversaw a number of functions including engineering, research, and development. In a statement, Alapala described Milan Shah as a great leader whose vision and guidance inspired Alapala adding that his steller leadership will continue to…

Edible oils company Ozmirioglu enlists Myande Group for construction of Turkey’s largest edible oils crushing plant

Jun 27, 2021Jun 27, 2021 Editor

TURKEY – Myande Group, a leading provider of equipment and engineering services in Oils and Fats, is set to undertake one of the largest multiple oil seeds crushing project in Turkey, in a move that cements an equipment solutions leader in the food industry. According to a statement from the company, it has signed a contract with Ozmirioglu A.S for the construction of a 1,000 tons per day (TPD) multiple oilseeds crushing plant. Upon successful completion and commissioning of the project, Ozmirioglu will become the proud owner of the largest cottonseed crushing plant in Turkey. Ozmirioglu A.S. which has been in operation…

Kraft Heinz to acquire Turkish sauce company Assan Foods to bolster presence in EMEA

Jun 13, 2021Jun 13, 2021 Editor

TURKEY – Leading American multinational food company Kraft Heinz has agreed to acquire Turkish sauce company Assan Foods from Kibar Holding in a deal that will bolster the company’s presence in Europe, Middle East, and Africa (EMEA). According to a statement from the maker of popular Heinz tomato ketchup, the planned acquisition of Assan from KIbar Holdings values Assan at approximately US$100 million. Headquartered in Istanbul, Assan Foods manufactures and sells a wide range of sauce products such as ketchup, mayonnaise, pasta sauces and more. Assan Foods has acted as a…

Turkish grocery delivery firm Getir raises US$550m to fund expansion into North America

Jun 7, 2021Jun 13, 2021 Editor

TURKEY – Getir, a pioneer in the ultrafast grocery delivery market, has raised more than US$550 million in a Series D funding round even as it continues with its ambitious expansion plans. The company which is reported to now have a valuation of US$7.5 billion has already set up shop in London, the UK and in Amsterdam, the Netherlands. Getir’s couriers are set to hit the road in Paris, France and Berlin, Germany in the coming week, according to a statement from the company. The recent funding round comes on…

Mondi completes acquisition of Turkish corrugated packaging company Olmuksan

Jun 2, 2021Jun 2, 2021 Editor

TURKEY – Mondi, a leading British multinational packaging and paper group, has completed the acquisition of a 90.38% stake in Olmuksan International Paper from International Paper. The acquisition culminates a process which started earlier this year when International Paper announced that it had reached an agreement to sell its 90.38% interest in its corrugated packaging business in Turkey to Mondi, for approximately €66 million. The Olmuksan business includes five corrugated packaging plants, which supply a diverse customer base with packaging for food, beverage, agriculture and industrial applications. For the 12…

Grocery platforms Getir, Everli to expand operations after successful funding rounds

Mar 31, 2021Mar 31, 2021 Editor

EUROPE – Europe-focused grocery platforms Getir and Everly have successfully completed their respective funding rounds, as they look to expand their operations and enter new markets. Getir completed a US$300 million Series C funding round which was led by Sequoia Capital and repeat investor Tiger Global. According to a statement from the company, the funds will be used to support its growth in Turkey and the UK. Istanbul-based Getir entered the UK market in January this year, launching in parts of central London. The technology company offers a ten-minute grocery…

Mondi acquires Olmuksan to bolster position in growing Turkish corrugated packaging maker

Jan 6, 2021Jan 6, 2021 Editor

TURKEY – British multinational packaging and paper group Mondi has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş from International Paper for a total consideration of €66 million (about US$81.46 million). The sale is the culmination of plans by Tennessee based International paper (IP) to reorganize its business interests in Turkey. The company had issued a notice in October 2020 indicating it was exploring the sale of its stake in Olmuksan. That notice stated IP was evaluating “various alternatives for the…

IDMA and VICTAM EMEA exhibition to go on in March 2021 as scheduled

Jul 7, 2020Jul 8, 2020 Editor

TURKEY – IDMA and VICTAM EMEA 2021, which will be organized in Istanbul, Turkey by Parantez International Fairs and Victam International, is set to proceed as planned despite the challenges of the Covid-19 pandemic. According to the organisers, the global economy has suffered greatly this year due to the Coronavirus pandemic. However, the World Trade Organization (WTO) stipulates that a clear recovery will be observed in 2021, as economies around the World will recover. The food processing and milling industry, whose vital importance in terms of world food security has…

Turkish fruit producer Anadolu Etap secures US$67m to fuel growth

Jun 3, 2020Jun 3, 2020 Editor

TURKEY – Anadolu Etap, the leading fruit producer in Turkey, has secured a €60 million (US$67 million) financing arrangement with the European Bank for Reconstruction and Development (EBRD) to ensure greater flexibility and provide additional resources for the company’s growth. The credit facility, of which half has been syndicated to the Dutch development bank FMO, is also expected to boost Turkey’s agriculture sector. Anadolu Etap is a joint venture between major Turkish companies Anadolu Group and Özgörkey Holding. The company supplies fruits and produces fruit puree, concentrates and juices throughout…

Zambian government partners with Turkish company to develop Food Complex City

Feb 21, 2020Feb 21, 2020 Editor

ZAMBIA – The government of Zambia has partnered with Turkey’s Molino Mechanical Industry and Trade incorporated to develop a multi-million Food Complex City FCC in the country aimed at producing cheaply priced mealie-meal by January next year. According to Lusaka Times, the project is under the framework of a Memorandum of Understanding (MoU) for the development of a food processing plant signed between Molino Mechanical Industry and Trade Incorporated and Zambia National Service (ZNS). The proposed FCC Turkey project will have the capacity to produce 500 thousand metric tonnes of…