Swiss food giant Nestle and Britain’s R&R Ice Cream have completed establishing a joint venture Froneri to combine their activities in ice cream, frozen food and chilled dairy. The joint venture will integrate both the ...
Tags: Nestle, R&R Ice Cream, Froneri
Editor: On October 5, the article “It’s about Time to Construct Global ‘Electricity High-speed Network’” written by a Xinhua correspondent was published on the third page of Guangming Daily. The article ...
The conference on technologies and equipment for global energy interconnection was held in Berlin from December 10 to 11, 2015 local time. This conference was co-hosted by State Grid Corporation of China or SGCC, and German Electrical and ...
Archer Daniels Midland will be showcasing its comprehensive and growing product portfolio at this year’s Gulfood Manufacturing show in Dubai. Highlights will include an extensive selection of natural colors and flavors, flavor ...
A Dubai-based investment group led by businessman Mohamed Alabbar has agreed to acquire a majority stake in the Kuwait Food Company, which is known as Americana, for nearly $2.4bn. The consortium Adeptio headed by Emaar Properties PJSC ...
Evergreen Packaging has introduced new line of renewable cup stock with bio-based polyethylene. The new cup stock, which is claimed to the first its kind, has been developed for both hot and cold applications. The companies can convert ...
Tags: Evergreen Packaging, Renewable Cup
Mondi Group has agreed to acquire 90% stake in Turkish consumer packaging firm, Kalenobel, for €90m. The company will purchase the outstanding share capital in Kalenobel from Argus Capital and M. Olcay Hephiz, one of the company's ...
Tags: Mondi, Turkish Packaging
American ride-hailing firm Uber has raised $3.5bn from Saudi Arabia’s Public Investment Fund. This is the first time that Uber secured such a huge funding from a single investor. The investment will not affect the company's ...
Tags: Uber, ride-hailing
The European Bank for Reconstruction and Development (EBRD) has agreed to make $100m equity investment in Egypt-based United Sugar Company (USC), which is also a subsidiary of Savola Group, to strengthen the agribusiness sector in the ...
Tags: EBRD, Investment, USC, United Sugar Company, Savola Group
Irish dairy company Ornua has opened a €20m cheese manufacturing facility in Riyadh, Saudi Arabia. The facility will produce white cheeses for the Saudi Arabian market, which is considered to be the fifth largest dairy importer in ...
Daimler Trucks, the world's leading truck manufacturer, is setting the course for a return to the Iranian market, having signed letters of intent with its local cooperation partners Iran Khodro Diesel (IKD) and the Mammut Group. Daimler ...
Tags: Daimler Trucks, truck, Iranian Market
Victorian-based dairy processing giant Murray Goulburn dairy co-operative will be replacing Bega Cheese as Coles’ private label cheese supplier from January 2017. Bega Cheese has been providing cheese sold under Coles private label ...
Tags: dairy processing, Cheese
Blumberg Grain, a US-based food security company, opened its command and control center, as part of the government of Egypt's Shouna Development Project. The launch, which was attended by VIP guests and dignitaries, took place onsite at ...
Tags: Blumberg Grain, a US-based food security company, Agriculture
Archer Daniels Midland Company (ADM) will purchase 50% stake in Egypt-based Medsofts Group. Together, the companies will own and manage supply chain and merchandising operations of grains, oilseeds, and soft commodities. The new joint ...
Lectra, a leader in integrated technology solutions dedicated to industries using soft materials has announced the appointment of Jean-Patrice Gros as director of Lectra Northern Europe (United Kingdom, Belgium, Netherlands, Denmark, ...
Tags: Lectra, furniture market, leather, textile