FRANCE - Indorama Ventures, one of the world's leading producers in the intermediate petrochemicals industry, has enhanced its PET recycling capabilities with the acquisition of France-based Sorepla Industrie for an undisclosed fee. According to FoodBev, Sorepla Industrie operates a single recycling facility in France which boasts three production lines; one for recycled polyethylene terephthalate (rPET),…
CHINA - Chinese ecommerce firm JD.com has agreed a deal with Unilever to move products like Lipton’s tea and Lux soap between warehouses across China as the consumer goods firm looks to expand sales in more remote parts of the country. According to Reuters, this deal is the latest move by an ecommerce company to…
KENYA - Unilever Tea Kenya (UTK), a subsidiary of the British consumer goods giant Unilever Plc has announced a Voluntary Early Retirement scheme to cut on the number of staff at the Kericho-based tea plantations, Business Daily has reported. Unilever East Africa Corporate Affairs Director, Joseph Sunday the planned reorganisation was part of routine business…
LONDON - Unilever PLC and Unilever N.V., have announced their intention to buy back shares with an aggregate market value equivalent of up to €6 billion to return the expected after-tax proceeds upon completion of the Spreads disposal to shareholders, unless more value-creating acquisition alternatives arise. The Group announced the completion of the Spreads disposal…
INDIA - Mumbai based consumer goods company, Hindustan Unilever Ltd (HUL) has reported 19.17% increase in profit to US$222.9 million in its first quarter ended 30 June 2018, beating estimates. According to ET Retail, HUL’s EBITDA for the quarter stood at US$328.29m, beating US$319.68 million estimated by ET Now poll, also as compared to US$272.14…
USA - US iconic ice cream brand Ben & Jerry’s has come under attack from the Organic Consumers Association (OCA) which has filed suit against the Unilever-owned company over deceptive marketing allegations. According to FoodingredientsFirst, the OCA is suing Ben & Jerry’s Homemade, Inc., for what it calls the "deceptive labeling, marketing and sale of…
EUROPE - Unilever, the world’s leading tea company, has announced that the European Food Safety Authority (EFSA) has issued a positive opinion on the company’s evidence that black tea improves attention. According to EFSA, this opinion makes Unilever the first company in the EU to receive a positive scientific opinion on a health claim for…
INDIA - Hindustan Unilever Ltd (HUL), the Indian subsidiary of Unilever N.V has announced that it will combine its foods and refreshments businesses effective July in order to advance growth in line with global category structure of the parent company Unilever. The combined food and refreshment segment will be headed by Sudhir Sitapati, currently the…
USA – Unilever’s Lipton, one of the world's great refreshment brands, has released a new range of fruit-infused iced herbal teas with no added sweeteners, artificial flavors or caffeine. According to the company, the two new flavours; Strawberry Watermelon and Mango varieties feature a combination of fruity aromas and hibiscus flowers. Lipton Strawberry Watermelon Iced…
GHANA - Unilever Ghana has announced that its revenue for the year ended 31 December, 2017 grew 16% to US$122.69 million from US$105.83 million in 2016 driven by increased volumes of sales and a stable economy. Operating profit before tax was US$13.93 million, representing 22% increase over 2016’s US$11.41 million while profit-after-tax improved by 23.3%…
