Qatar’s food and agriculture investment vehicle Hassad Food is planning new investments worth US$500m in Turkey’s agribusiness sector, the company announced.
Tough markets and cautious optimism were among the main themes in presentations from the biggest food and consumer goods companies in Europe last month, according to investment analysis firm Sanford C. Bernstein.
Mondelēz International will stop manufacturing from its Cadbury Kenya plant at the end of this month as it shifts capacity for Cadbury Drinking Chocolate to Egypt.
Coke CEO Muhtar Kent insists Africa is the ‘most dynamic region in the world I can see right now’ as he unveils a further $5bn system investment there and ethical ingredient sourcing plans.
Scottish collagen casing manufacturer Devro said it had made "significant progress" on its business developments in China, in its interim results for the six months to 30 June 2014.
Saudi dairy firm Almarai ha seen its second-quarter profits rise 8.8% year-on-year to US$116m, with sales up 14.4% to reach US$826m, as the company faces higher wage and commodity costs.
The International Finance Corporation (IFC), of the World Bank, is lending US$250 million to Ukraine’s leading poultry producer Myronivsky Hliboproduct (MHP) to help kickstart the country’s flailing economy.
Diageo has confirmed circa. 200 job losses across its head office and regions as the Johnnie Walker and Guinness producer targets annual cost savings of around £200m by 2017.
Danish Crown’s decision to invest in facilities outside Denmark risks straining relations with the government in Copenhagen as the company lobbies for state measures to reduce operating costs at local plants.
Quorn Foods aims to invest £30M at its Billingham site, creating 400 jobs, it claims, to keep pace with soaring consumer demand for meat-free products.
Romania’s leading poultry meat processor Transavia has announced record sales of €135m for 2013 and plans to invest €10m in expanding its meat processing capacities this year.
Two Gulf investment vehicles have bought major stakes in Turkish food producers in recent weeks, as Turkey positions itself as a major halal food producer.
The decision by Vion to exit its processing operations throughout the UK sent shockwaves throughout the industry. A year on from that announcement, and with the dust finally starting to settle from the company’s dramatic retreat, Ed Bedington took a trip...
Unilever will reduce its number of stock-keeping units (SKUs) by 30% by the end of 2014, delegates were told at the firm’s investor seminar in London on Thursday.
It’s Fresh! has won a slice of a €5m ($6.5m) investment to advance its technology which absorbs and locks ethylene gas, a natural plant hormone to slow the ripening and decay of fresh fruit and vegetables.
Nestlé organic sales growth slowed to 4.4% in the first nine months of the year, compared to 6.1% in the same period last year, hit by weaker demand from emerging markets and ongoing recession in Europe.
By Rick Beckmann, senior foreign legal counsel, and Aldi Rakhmatillah, associate, of Susandarini & Partners, in association with Norton Rose Fulbright Australia
How should Indonesia and, more to the point, the local community, benefit from foreign investment in plantations?
Frozen fruit specialist Lamex Food Group will buy a majority stake in Serbian red fruit processor to boost business and protect the group’s supply chain, its CEO says.
Ukraine’s pork market volume is forecast to grow rapidly in the years ahead, following a rise in consumption levels, according to industry participants.
CSM has agreed to sell its bakery supplies businesses to private equity firm Rhône Capital for $1.05bn, eight months after its announcement to reposition as a bio-based ingredients firm.
The Roundtable on Sustainable Palm Oil (RSPO) has welcomed the decision of the world’s biggest sovereign wealth fund to pull investment from certain palm oil companies – but has disagreed with its divestment from firms that are on the path to RSPO certification.
Norway’s US$710bn sovereign investment fund has pulled its investment from 23 Southeast Asian palm oil companies, claiming that they source palm oil unsustainably.
Hot on the heels of helping to approve Ikea’s request to set up shop—or rather 20 stores—in India, an Indian minister has been working equally hard to woo Tesco ahead of a possible entry into the market.
Unilever has warned of intense competition and volatile commodity costs but reported increased sales and profit in the fourth quarter, with double-digit growth in emerging markets.
African agri-business Zambeef has reported “robust” revenue growth over the past year, with a strong performance across its poultry, pork and beef divisions.
European food and drink manufacturers are making a "bold gamble" on research and development (R&D) investment in the tough economic climate, according to results from the latest IPA 2012 survey.
The development of eco-friendly production at the Agropole science park is the keynote event of the IPA 2012 trade show, which is running alongside Sial 2012 at Paris-Nord Villepinte exhibition centre.
Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.
Product innovation and quality is a stronger priority for industry than sustainability and efficiency when considering new technology investments, Leatherhead finds.
UK meat processor Cranswick would benefit from millions of pounds worth of investment and the potential closure of Vion’s pig processing unit in Scotland in the coming year, according to analysts.
Global ingredients firm DSM has pumped €20m into its Delft factory in the Netherlands, on top of a separate €100m investment in research and development in the region.
Flavours and fragrances giant Symrise outlined plans to grow the menthol category for foods and personal care products after confirming the completion of a €16m expansion in Holzminden, Germany, yesterday.
Channels for UK food industry funding for environmental projects could be improved, according to Andrew Kuyk, director of the Food and Drink Federation’s (FDF’s) sustainability and competitiveness division.
Food processors across the globe face increasing pressure from investors to improve poor animal welfare standards, a leading financial expert and Compassion in World Farming (CIWF) have warned.
Meat suppliers looking to step up to the global stage were being offered the latest in inspection technology by Eagle Product Inspection at Anuga FoodTec.
Barry Callebaut has outshone the global chocolate market in its six month results, but profits were stunted by recent partnership-related costs and supply chain investments.
Life science and testing specialists Eurofins said it has defied the economic downturn as it announced 2011 profits had more than doubled, with growth accelerating during the second half of the year.
Food giant Nestle has recorded modest growth in 2011 driven by strong performance in China and other emerging markets leading its CEO to say wealth potential is moving from West to East.