Barentz, a food ingredients distributor, has acquired New Skyport, a Chinese distributor of specialty ingredients, following its recent cash injection. Barentz holds a robust position in specialty ingredients, functional and ...
Tags: Barentz, Skyport, food, nutrition products
US-based food manufacturer Kellogg Co is creating a joint venture with the African unit of Singapore's Tolaram Group, as part of its strategy to drive future growth in the West African market and advance its breakfast and snack food ...
Tags: Kellogg, Tolaram, breakfast, snack food
Bosch is planning to introduce a new battery technology based on solid state cells for electric cars with the help of its recently acquired company Seeo. The company said that it has knowledge and exclusive patents for solid-state ...
Tags: Bosch, Seeo, electric cars, lithium-ion battery
Automotive supplier Continental announced that it has started the development of solutions for future 48 V hybrid architectures, which will hit production in 2016. The company said that the integration of a second voltage level of 48 V ...
Tags: Continental, BSG, ISG, engine
Toray Plastics has introduced new TreaTear LT Series of linear-tear, polyproypylene sealant films for consumer packaging goods and converters. The new sealant films offer low seal initiation temperature (SIT) and high heat-seal ...
Tags: Toray Plastics, packaging, BOPP, films
Nova Chemicals has invested in a new Sacmi semi-commercial scale compression molding machine to boost caps and closures production. Being installed at Nova Chemicals' center for performance applications in Calgary, Canada, the new ...
Tags: Nova Chemicals, polyethylene, plastic resins
Califia Farms has received a $50m investment from New York-based private equity firm Stripes Group to advance its research and development in plant-based beverages and foods. The maker of almond milk beverages stated that the ...
Tags: Califia Farms, plant, beverages and foods, citrus fruit
The European Bank for Reconstruction and Development (EBRD) has given a €10m loan to Turkey’s dairy producer Mar Tuketim Maddeleri Ihracat Ithalat San. Ve Tic. A.S., which is known under the brand name Kay. The loan amount ...
US-based Flowers Foods has completed the acquisition of organic bread producer Dave's Killer Bread (DKB) for approximately $275m in cash. The acquired entity will run as an independent subsidiary of Flower Foods. In August, the company ...
Tags: Flowers Foods, DKB, packaged bakery foods
Google has hired former Hyundai boss John Krafcik to spearhead its self-driving car project. He has been working as the president of online car shopping service TrueCar since April 2014 and earlier held management position in Ford. ...
Tags: Google, self-driving car, Apple
IBM has unveiled a cloud-based service designed to help automakers turn driver and vehicle data into actionable insights. The cloud service will facilitate real-time diagnostics on engine trouble; provide insights for predictive ...
Tags: IBM, connected devices, vehicles
Nestle is planning to invest more than UAH100m ($4.5m) in the development of its facility in Ukraine this year. The investment will entail installation of a production line at Torchyn factory. The company recently has also installed ...
Tags: Nestle, Ukraine, confectionery firm
China-based Bright Foods’ listed subsidiary is acquiring 50% stake in New Zealand-based meat cooperative Silver Fern Farms for NZ$311m ($197m) as it seeks to import more of agricultural products from New Zealand. Silver Fern ...
Tags: Bright Foods, sheep and beef, dairy
MillerCoors is closing its brewery in Eden, North Carolina due to sales decline as there has been a visible shift in consumer preferences from mainstream beer to crafts beer. The Eden brewery was the first to brew Miller Genuine Draft. ...
Tags: MillerCoors, crafts beer, brewery
Kruger Packaging will invest C$250m ($188.6m) to convert the newsprint machine at its Trois-Rivières mill in Canada to produce lightweight linerboard. The project is being backed by a C$190m ($143.3m) funding from the ...
Tags: Kruger Packaging, linerboard, containerboard