US agribusiness company Cargill has started construction of a new $200m sunflower oil crush facility in the Volgograd region of southern Russia. Expected to be operational in time for the 2015 harvest, the facility will process up to ...
Tags: Sunflower Oil, Agriculture, Food
Limoneira, a US-based agribusiness firm, has acquired a privately owned company Associated Citrus Packers (ACP) of Arizona in a deal valued at around $18.6m. ACP owns about 1,300 acres of property in Yuma, Arizona, comprising ...
Tags: Agriculture, Food, fruit
Elders Limited has agreed terms with its existing financiers to renew and extend its syndicated finance facilities to 31 December 2014, as part of a comprehensive plan to secure the repositioning and sustainability of the company as a pure ...
US agribusiness company Cargill is set to upgrade its poultry processing facility in Saraburi, Thailand with an investment of THB300m ($10m). The project, which is expected to be completed by July 2014, includes upgrading plant's food ...
World Bank Group member International Finance Corporation (IFC) has approved a $120m loan to Singapore-based food processor Olam International under a five-year agreement to finance upgrades and expansion of five food processing facilities ...
Tags: Food Processing, World Bank Group
US agribusiness company Cargill plans to invest $48m in a new automated distribution system at its beef processing facility in Dodge City, Kansas. Cargill noted that new system will allow the company to better support its customers and ...
CHS, an energy grains and foods company and the leading farmer-owned cooperative in the US, is in merger talks with Dakota Plains Cooperative, a full-service agribusiness headquartered in Valley City, North Dakota. The companies are ...
Tags: foods company, energy grains
Suncorp Group has reported a net profit after tax of $491m for the full year 2013, a decrease of 32% compared to $724m last fiscal. The drop in profits is mainly due to $632m loss after tax from resolution of the Non-core Bank. Profit ...
Tags: Suncorp Group, Net Profit
August 15, marks an important milestone in trade relations between Canada and Colombia with the celebration of the second anniversary of free trade between the two nations. Exports from Colombia to Canada have grown by 19.5% during that ...
Braskem announces results for the second quarter. Net Revenue In 2Q13, Braskem’s consolidated net revenue was US$4.6 billion, similar to the previous quarter. In Brazilian real, net revenue amounted to R$9.5 billion, increasing 2% ...
Tags: Petrochemical
Blumberg Grain, a US-based multi-national food security firm, has signed a letter of intent with the Nigerian federal government to invest around $250m in the country's agribusiness sector. The investment will be used for the ...
US-based farmer-owned agribusiness company CHS has teamed up with Australia-based Ruralco to acquire grain origination and marketing firm Agfarm for an undisclosed amount. Under the deal, CHS and Ruralco will each own 50% of Agfarm. The ...
Indonesia-based food firm PT Tiga Pilar Sejahtera Food (TPSF) has entered into an agreement with private equity firm KKR to sell approximately 9.5 % stake in the company to certain funds advised by KKR Asset Management for an undisclosed ...
Teys Australia is evaluating the closure of its meat processing facility in Beenleigh, Queensland, a move which will lead to 800 job losses. The company's announcement comes after the Australasian Meat Industry Employees Union (AMIEU) ...
Stevia First, an early-stage agribusiness based in California's Central Valley growing region, has developed enhanced steviol glycosides by implementing fermentation-based methods to less marketable steviol glycosides. The project, which ...