India-based private equity firm Everstone Group has completed the acquisition of Modern Foods, a bakery business of the Hindustan Unilever Limited (HUL). Following the acquisition, Everstone aims to triple the brand's revenue to Rs 10bn ...
Tags: Everstone, Modern Foods, Acquisition, Bakery business, HUL
Middle East Food Solution Company (MEFSCO), a joint venture between Arabian Agricultural Services Company (Arasco) and Cargill, is planning to set up a plant to produce fructose, glucose and starch products in Saudi Arabia. In this ...
Cargill is cutting back on the amount of antibiotics used on its U.S. cattle supply by 20%. This decision will influence 1.2 million cattle annually, none of which use any type of antibiotics for growth promotion that are important for ...
Tags: Cargill, Antibiotic, Cattle supply, Beef
US-based agricultural and food company Cargill has announced to cut the use of antibiotics in its US cattle supply by 20%, a move which is likely to impact 1.2 million cattle annually. From now, Cargill plans to reduce the shared-class ...
Tags: Cargill, Beef Cattle
US-based agricultural and food company Cargill has opened a $100m modern wet corn milling facility in Devagere in Karnataka state of India. The corn facility is spread over a sprawling 44.5 acres of land with a daily milling capacity of ...
Tags: agricultural Food, Wet Corn
Confectionery company Mondelez’s Romanian arm is seeking a buyer to sell its chocolate factory in Poiana, Romania. The buildings and the 13,000sqm land area costs €2.1m, excluding taxes. The factory is located in Brasov. One ...
The process of producing a hearty steak is more complex than many may think. At Cargill's beef processing facilities across the nation, producing cuts of meat requires many intricate steps, in the hands of an army of employees who work with ...
Cargill’s cocoa business is collaborating with Mondelez International to introduce a two-year program in Indonesia, which will be aimed at improving the livelihoods of cocoa farmers and introducing sustainability in farming practices. ...
Despite expectations of a seasonal pickup in the Medium Range tanker market in the Americas in the fourth quarter -- particularly from November onward -- charterers were able to pressure freight rates lower Wednesday, with Medium Range ...
Tags: Freight Rate, USGC-Europe, LR1 tanker
US-based agricultural and food company Cargill is considering investment in poultry production in the Philippines. The company is still studying the investment structure and the business model, location, and supply chain in the ...
Tags: Cargill, Poultry Production
When corn is cheap, hogs get plentiful. The annual Pork Powerhouses ranking of the 25 largest producers in the U.S. shows a gain of 128,000 sows in the past year. With two new packing plants set to open in 2017, producers are gearing up to ...
Tags: corn, Pork, Smithfield Foods
Cargill is set to invest $111m to transform its ground beef facility in Columbus, Nebraska, to cooked meats facility. This conversion, which will begin in early December this year, will enable the company to produce specific types of ...
Tags: Cargill, meat products, beef
Singapore-based commodity major Olam International is keen to make acquisitions of up to SGD$2.72bn ($1.4bn) as it plans to benefit from the dip in prices of agricultural commodities. Olam CEO Sunny Verghese was quoted by Bloomberg as ...
Tags: Olam, agricultural commodities, cocoa, nuts, wheat
Food manufacturer Cargill is planning to introduce SonoSteam technology in its main chicken processing facility in the UK, as part of the farm-to-fork strategy to tackle campylobacter. SonoSteam is an innovative technology developed by ...
Cargill Poland has divested its Polish pig and cattle entity Agro Provimi to meat processor PKM Duda for PLN28.1m (€6.7m). PKM Duda funded about 10% of the acquisition deal through its own resources, while the rest was managed ...
Tags: pig and cattle, processor PKM, Agro Provimi