Hungary’s poultry meat processor Gallicoop Pulykafeldolgozó Zrt has unveiled plans to invest some HUF 1.65 billion (€5.4m) to set up a new meat packaging plant.
JBS plans to launch an appeal after a Brazilian judge blocked its sale of meat firms in Argentina, Paraguay and Uruguay to rival Minerva in a nine-figure deal.
Roquette will invest €40 million to increase the capacity of its Northern France pea processing site in Vic-sur-Aisne in a bid to meet growing global demand for plant-based protein.
In an effort to promote innovation, Rabobank announces launch of the Rabo Food & Agri Innovation Fund (RFAIF), allowing companies to receive up to €3 million.
Industry giants Nestlé and Unilever report steady sales growth driven by emerging markets for first quarter of 2017 and predict continued growth throughout the year.
Vietnam-based Masan Group Corporation’s meat subsidiary is set to see a cash injection of $250 million (m) after US investment firm KKR acquired a minority share in the business.
The average company investing in food waste reduction will see a fourteen fold return on their investments and half will see substantially more, says a new report.
Polish meat processor Cedrob SA is planning to invest in developing its pig breeding, slaughtering and feed production capacities in the years ahead, according to senior company representatives.
Saudi Arabia’s sovereign wealth fund has made a rare foray into into the food industry after concluding a deal to buy half of Adeptio Holdings, which recently acquired a 67% stake in Kuwait Food Co., otherwise known as Americana.
The world’s biggest supplier of botanical extracts, Naturex, is on track to meet the targets of its growth strategy Bright2020 which aims to see 10% of sales coming from new products, according to CEO Olivier Rigaud.
Sweet and savory snacks will be among the hardest hit UK food categories as a result of the Brexit vote, according to analysts Euromonitor International.
French investment firm Eurazeo is in exclusive discussions to acquire over ten European chocolate and candy brands from Mondelēz International to become a new competitor in the confectionery sector.
Polish poultry meat processor SuperDrob SA has unveiled plans to invest at least PLN200 million (€45m) with the aim of raising its output capacity, building a new facility and expanding its sales, according to Jaroslaw Kowalewski, the company’s deputy...
Republic of Ireland-based meat and poultry tray manufacturer Quinn Packaging has invested €3m ($3.25m) in a PET sheet extrusion line to help it become “a major player in the rigid food packaging market”.
Swiss-Israeli flavours and ingredients house Frutarom Industries has invested 10 million Israeli Shekel (€2.25m) for a 50% stake in the biotech start-up Algalo.
Egypt’s Qalaa Holdings has sold a mothballed cheese company and the Sudanese division of its sweets producer in deals totalling almost US$10m, the group announced this month.
Brazilian food producer BRF has revealed a “strategic plan of globalisation” as its $496m acquisition of three companies across Asia, Europe and South America nears completion.
Russian agricultural holding Miratorg is considering a new project to produce 4m head of pigs per year with a total investment of RUB115 billion (US$1.8bn), according to a recent statement by the company’s vice-president of finance Vadim Kotenko.
Oman and Japan have agreed to form a US$400m investment fund focused on food and agribusiness, aimed at boosting the industry in Oman as well as Japanese exports.
Russia’s trade attaché in Denmark is inviting Danish pig farmers and pigmeat corporations to invest in Russia, saying its “ban on food import from the west has now created unique possibilities”.
HKScan has decided that Rauma will be the location of its Finnish production facility specialising in poultry products, following its 5 August announcement that it aimed to open a factory in the region.
Jordanian poultry producer Al-Jazeera Agricultural Company has secured a US$21m loan from the European Bank for Reconstruction and Development to modernise its facilities.
The opening of the upgraded €50 million food processing facility for ABP Food Group in Cahir, Tipperary, Ireland, should generate more than €1 billion to the Irish economy over five years.
PepsiCo and Almarai have announced they will each invest US$500m in their Egyptian operations this year, following last month’s economic development conference.
A novel coating technology that repels liquids and solids will be commercialised after the creation of start-up, SLIPS Technologies (STI), and BASF has already invested in the company.
Mondelez International has said it will invest $24m (€19.3m) to expand its Gebze plant in Turkey, as the company continues its plan to increase productivity and cut costs.
Analysis released today shows that nearly three-quarters of global companies see risks associated with sourcing commodities that are linked to deforestation.
India could be the ‘new China’ for food and drink manufacturers looking to increase margins and supply emerging markets in Asia, two industry experts have claimed.
