Saudi mining firm Maaden signed deals worth SAR 977 million with US firms Fluor Corporation and Bechtel to help develop an industrial city in the country's north. Saudi Arabia home to the world's largest oil reserves, is keen to develop ...
Tags: saudi arabia, contract mining, construction firm, uae emirates
Irish food group Greencore has acquired US food-to-go manufacturer HC Schau & Son for US$17.3m, plus a further performance related payment of "up to" $2m. The firm produces sandwiches, sushi and entrees sold through retail and convenience ...
Tags: Greencore, food-to-go manufacturer, HC Schau, food-to-go market
US baking mix manufacturer Continental Mills has acquired Kretschmer wheat germ owner Sun Country Foods from private-equity firm Brynwood Partners. Continental Mills, which owns products including Krusteaz pancake mixes, said it wanted ...
Tags: Continental Mills, Kretschmer, acquisition, food industry
International Flavors & Fragrances has opened a plant in Singapore that the US firm hopes will help it tap into growing demand in Asia. The company opened the liquid flavours and fragrances facility in Jurong in Singapore yesterday (17 ...
Tags: Singapore, flavors, fragrances, Asia demand
US firm Land O'Lakes has launched Saute Starter, a seasoned butter and olive oil product that can be used to both cook and flavour meats. The company said that the product is aimed at "moms with growing families", providing a quick and ...
Tags: Land O'Lakes, butter, olive oil product, food industry
Tokyo Electron (TEL) has signed $252.5m agreement to acquire FSI International Tokyo Electron (TEL), a supplier of semiconductor and flat panel display production equipment, has signed $252.5m agreement to acquire US chipmaker FSI ...
Tags: Tokyo Electron, semiconductor, flat panel display, FSI International
ConAgra Foods has named former PepsiCo executive Bill Hutton as head of the company's consumer foods international business. Citing Hutton's FMCG experience in emerging markets, ConAgra also emphasised that he is adept at "creating value ...
Tags: consumer foods, international business, emerging markets
Campbell Soup Co. has acquired US salad dressings to beverages firm Bolthouse Farms for a cash consideration of US$1.55bn. The firm said the move would provide it with a "significant presence" in the "rapidly growing" market for packaged ...
Tags: packaged fresh foods, consumer marketing, salad dressings
Chinese state-owned agribusiness and food processor COFCO has sold its 5% stake in US meat giant Smithfield Foods. Smithfield said on Friday (16 November) it had paid US$148m for COFCO's 4.95% stake. COFCO bought the shares in ...
Tags: Stake, Smithfield Foods, future business
AgentSecure, online service managed by InsureZone, has upgraded its suite of insurance sales and service tools with the induction of PolicySpot, a complete online policy servicing platform. The new system comprises all tools, which an ...
Tags: AgentSecure, online service, InsureZone, insurance, PolicySpot
Inline Filling Systems in the US, has introduced new time gravity filling machines to cater to a wide array of filling applications. The machines work well with non-foaming thin liquids and chemicals. Inline Filling Systems president Sam ...
Tags: Filling Machines, Filling Systems, filling applications
Nestlé Health Science has purchased an undisclosed stake in Accera, a privately-held US-based company that is involved in the development and the commercialization of medical foods for neurodegenerative disorders such as Alzheimer's ...
Specialty Printing in the US has spun off its packaging and distribution business into a separate unit, which is expected to generate about $16m in revenue in its first year. The new entity will operate independently under the name ...
Tags: Specialty Packaging, labels, in-house packaging equipment
The Navy Mutual Aid Association has chosen the Accenture Life Insurance Platform, the life and annuity insurance software suite from Accenture. The new platform supports Navy Mutual's life and annuity product configuration, new business, ...
Tags: Navy Mutual Aid Association, Accenture Life Insurance Platform
All Pakistan Mills Association (APTMA) and the US Consulate have agreed on a joint working strategy for resolving the issues confronting the industrial growth of Pakistan due to a limited US market access. This consensus was evolved ...
Tags: textile body, textile market, textile industry, textile tariff lines