PSA Group and SAIPA have signed a joint-venture (JV) agreement to produce and sell Citroen vehicles in Iran. This 50/50 joint-venture lays the foundations for a strategic partnership between the two companies. It will cover the entire ...
Tags: PSA Group, SAIPA, JV agreement
The European Commission (EC) has approved the joint acquisition of Slaney Foods JV and Slaney Proteins by ABP Group and Fane Valley. The proposal for acquisition of the stake has been cleared unconditionally by Europe’s competition ...
Tags: EC, joint acquisition, ABP, Fane Valley
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
Ausnutria Dairy has formed a joint venture with New Zealand based Westland to produce and sell dairy based powder products, including infant milk powder. Through the joint venture named Pure Nutrition, the companies will set up a new ...
Tags: Ausnutria Dairy, Westland, dairy based powder products
Hormel Foods has announced several new leadership appointments across business segments. James M. Splinter has been appointed to the position of group vice president, corporate strategy. In this new role, Splinter will have responsibility ...
Tags: Hormel Foods, appointment, new leader
Global food commodities trader Bunge’s subsidiary Agribusiness Singapore has entered into an agreements with Oleo-Fats to distribute its products for the foodservice, retail and food processor industries in the Asia-Pacific region. ...
Tags: Bunge, Agribusiness Singapore, Oleo-Fats
Swiss flavour and fragrance company Givaudan in collaboration with Henri Fraise Fils has opened a new clove leaf oil processing plant in Tamatave, Madagascar. The plant named as NATEMA (Natural Extracts Madagascar) is a joint venture ...
Tags: Givaudan, clove leaf oil processing plant, Henri Fraise Fils
More domestic car brands have demonstrated their eagerness for recognition as premium, although none of the Chinese peer group have yet revealed a strategy that will lead them to the top. Although there are previous failures that serve as ...
Tags: Geely, Automakers
ConAgra Foods has acquired the packaged foods businesses of Frontera Foods and Red Fork for undisclosed amounts to expand its portfolio. The acquisition includes the Frontera, Red Fork and Salpica brands. However, Frontera-branded ...
Tags: ConAgra Foods, Frontera Foods, Red Fork, acquisition
On September 22, China leading commercial vehicle company, Dongfeng launched and held promotion event in Vietnam. This time, Dongfeng introduced six new vehicle models covered mid and long-haul transportation and construction vehicles, and ...
Tags: Dongfeng, new vehicle models
SABIC and an affiliate of Exxon Mobil Corporation (ExxonMobil) (NYSE:XOM) are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. If developed, the project would be located in Texas or ...
Tags: SABIC, ExxonMobil, U.S.Gulf Coast
Algaia, following its declaration of intent last week to acquire Cargill’s Alginate business, announces the name of its new investor. Upon closing, Algaia will welcome Maabarot Products in its shareholding structure. Maabarot, a ...
Tags: Algaia, Cargill, Alginate business
US-based agribusiness company Archer Daniels Midland (ADM) and Wilmar International have received all required competition approvals to launch their joint venture Olenex. Following the approvals, the companies plan to launch the new ...
Tags: ADM, Wilmar International, Olenex
US based biotech company Dynamic Food Ingredients (DFI) and Mitr Phol Group have formed a strategic partnership to expand production of natural sweeteners and other products in Asia. Mitr Phol, Thailand’s biggest sugar and exporter, ...
Cash flow reflects durability of the integrated portfolio amid continued industry volatility Strong Chemical results highlight sustainable competitive advantages Advancing attractive new investment opportunities across the value ...
Tags: second quarter 2016, results