The European Bank for Reconstruction and Development (EBRD) has granted $ 560,000 loan to Turkmen meat producer Taze Ay, as part of its efforts to support the private small and medium-sized enterprises in the country. EBRD, along with the ...
Cargill has announced that its three food ingredients have been verified by Non-GMO Project. Cargill's erythrtol, cane sugar and high oleic sunflower oil are now Non-GMO Project Verified and commercially available. Cargill took this ...
Tags: Cargill, Non-GMO Project
Swiss transnational food and drink firm Nestle has opened a new $245m child nutrition factory in Jalisco, Mexico. The 600,000 m2 facility will triple the company's existing capacity for manufacturing child nutrition products. It is ...
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Chocolate and cocoa products maker Barry Callebaut has opened its first chocolate factory in Indonesia. The company had entered into a long-term agreement for out-sourcing with GarudaFood Group. As per the deal, GarudaFood will supply ...
Global agriculture company Syngenta has completed expansion of its key projects in Brazil and Switzerland to increase its production capacity. It had invested a total of $240m in two Brazilian plants. One of them is the new Elatus ...
Food technology company JBT has entered into an agreement to acquire Tipper Tie for $160m to expand its protein platform. However, the transaction value is subject to customary post-closing adjustments. Expected to close in the fourth ...
Tags: JBT, Tipper Tie, acquisition
South Africa-based Rhodes Food Group has announced plans to acquire domestic food producer Pakco for R200m ($14.5m), as part of its expansion strategy. Pakco owns popular brands, including the iconic Bisto brand, Hinds, Buffalo, Southern ...
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Cargill reported financial results for the fiscal 2017 first quarter ended 31 August, 2016. Key measures include: Adjusted operating earnings rose 35 percent to $827 million in the first quarter, compared with $611 million in the ...
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Potato-chip giant Utz Quality Foods has completed its previously announced $135m acquisition of Alabama based Golden Enterprises, the owner of the Golden Flake Snack Foods. The merger is expected to support Utz Quality Foods’ growth ...
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
Synutra International, which owns subsidiaries in China that produce, distribute and sell nutritional products for infants, children and adults, has opened a new operating facility in Carhaix, France. Synutra has received all required ...
Lotus Bakeries has announced that it will invest in setting up a new manufacturing facility in the US, to expand its biscuit production capacity. Besides, the company will build a new production hall in Belgium to meet the growing demand ...
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
Ice cream cone brand Joy Cone has acquired BoDeans Baking Group for undisclosed sum in a bid to expand its business. BoDeans Baking is a major player in the novelty ice cream cone, wafer, and inclusion market. Joy Cone president and CEO ...
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Cyberspace security, the Internet and information technology have been key in China's development, and the country has been striving to build itself into a major Internet power. At a study session attended by China's top leaders, ...
Tags: Internet, Information Technology