Author: Poonam Bhosale

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MONDELĒZ INTERNATIONAL acquires confectionery business from Grupo Bimbo

The acquisition will double the size of Mondelēz Mexico’s business and provide an attractive entry point into the chocolate category, while expanding the company’s presence in snacking. Mondelēz International announced it has entered into an agreement with Grupo Bimbo to acquire its confectionery business, Ricolino, for approximately $1.3 billion USD.[Read More…]

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Image Source: singaporetech.edu.sg

Singapore launches FoodPlant-shared facility for small-batch food production 

FoodPlant provides affordable access to a wide range of pilot-scale equipment, research and development (R&D) consultancy services, and upskilling courses. The Singapore Institute of Technology (SIT), Enterprise Singapore (Enterprise SG) and JTC jointly launched FoodPlant, Singapore’s first shared facility for small-batch food production that is licensed by the Singapore Food[Read More…]

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Nestlé reports Organic growth in sales for 2022

Organic growth reached 7.6%, with real internal growth (RIG) of 2.4% and pricing of 5.2%. Growth was broad-based across most geographies and categories, with increased pricing, continued momentum in retail sales and a further recovery in out-of-home channels. Total reported sales increased by 5.4% to CHF 22.2 billion (3M-2021: CHF 21.1 billion). Foreign exchange decreased sales[Read More…]

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Image Source: chr-hansen

Chr. Hansen launches VEGA™ SAFEPRO® range  for plant-based meat alternatives

Plant-based meat alternatives are in greater demand than ever, flexitarian consumers have high standards, expecting great taste, healthy ingredients and minimal processing, all without the additives they prefer to avoid in their foods. Chr. Hansen extends its VEGA™ portfolio with a fermentation-enabled solution to help keep plant-based meat alternatives safe and[Read More…]

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Image Source: DSM

Arla foods & DSM starts pilot project to reduce methane emissions from dairy cows

Arla Foods plans to double the pilot project to include 20.000 cows in 2023.   European dairy cooperative Arla Foods and global purpose-led science-based company, Royal DSM, are set to start a large-scale on-farm pilot with the methane reducing feed additive Bovaer® on 10,000 dairy cows across three European countries. Long-standing[Read More…]

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