Mumbai-based packaging material manufacturer Essel Propack has started operations of its fifth plant in China to expand its manufacturing capabilities in Egypt and China. The company built the 5,000m2 plant in Changshu to cater to the ...
Saudi Arabia-based food producing firm Savola Group has agreed to sell its packaging unit Savola Packaging group to Takween for $242.46m (910m Saudi Riyals). The complete purchase price will be financed through a syndicate of Saudi banks, ...
Tags: plastic containers, barrels, bottles, covers, Agriculture
Private equity investing firm Abraaj Group has decided to withdraw from the bidding process for the acquisition of Egypt's BiscoMisr. The company had offered $12.14 per share to purchase up to 100% of the share capital of Egyptian cake ...
Tags: Egyptian cake, biscuit maker, Agriculture
The Prime Minster of Egypt, Ibrahim Mehleb, recently held meetings to discuss the issues of the cotton and textile industry, and announced that the Egyptian Government has decided to support the revival of the textile sector, Daily News ...
Tags: Cotton Textile, textile industry, Textile
Cairo based Al-Nour Company for Dairy Product has placed a new bid to acquire 100% shares of Arab Dairy Product Company (ADPC). The Egyptian Financial Supervisory Authority (EFSA) has approved Al-Nour's decision to purchase the company ...
Tags: Dairy Product, Agriculture
US-based food manufacturing company Kellogg's has once again raised its offer to acquire Egyptian cake and biscuit maker Bisco Misr to £89.86 per share, in an increasing $144m takeover battle. Kellogg's new offer overtakes Abraaj ...
Tags: Egyptian cake, biscuit maker, Agriculture
Balavigna Weaving Mills, an India-based manufacturer and exporter of woven fabrics comprising organic cotton and blended materials, is going to showcase its latest products at the upcoming Heimtextil trade fair in Germany. Heimtextil ...
Tags: organic cotton, blended materials, Textile
Italy’s textile machinery producers are excited about the upcoming edition of ITMA, which returns to Italy after a 20 year hiatus and runs from November 12-19, 2015. Over 380 Italian exhibitors are slated to be present in Milan, a ...
Tags: textile machinery, textile
The government of Egypt has decided to buy wheat from France and Russia at an average price of $273.94 per tonne, country’s General Authority for Supply Commodities (GASC) stated. The country has signed contracts to import 240,000t ...
Tags: Wheat, Agriculture
Blumberg Grain has entered into a partnership with the Government of Egypt to develop an integrated food security system for grain storage. The phase I of the project, which is said to be the world's largest integrated food security ...
According to an agreement that will be signed next month in Cairo, three African economic groups will be merged into a free trade area. It will take more than 20 members market together that for 58% of economic activity across the ...
US based clothing retailer, Perry Ellis International, has entered into a licensing agreement with Delta Galil, an Israeli manufacturer and marketer of global private label apparel products, granting rights to design and distribute Ben ...
Tags: label apparel, clothing retailer, Apparel
African online retailer of fashion products, consumer electronics, home appliances to beauty products, Jumia said it has received a new round of investment amounting to €120 million. “These investments, which were made by ...
Tags: beauty products, home appliances, Apparel
US-based food manufacturing company Kellogg's has raised its offer to acquire Egyptian cake and biscuit maker Bisco Misr to £82.2 per share. Kellogg's new offer overtakes Abraaj Investment Management's latest offer of ...
Tags: Egyptian cake, biscuit, Agriculture
Abraaj Investment Management has raised its offer to acquire Egyptian cake and biscuit maker Bisco Misr to $129.6m. The move comes after breakfast cereal maker Kellogg's offered $127.06m for the biscuit producer, Reuters reported. ...
Tags: cake, biscuit, Agriculture