Olam secures landmark US$5.2 billion financings as it progresses on its Reorganisation Leading global food and agri-business, Olam International Limited (“Olam’’) announced that it has secured three committed loan facilities aggregating US$5.2 billion. The three facilities comprise a US$1.2 billion 3-year term loan and two 18-month bridge loan facilities of[Read More…]
Singapore
Cargill expands Asia-Pacific cocoa & chocolate offerings
Singapore remains Cargill’s strategic regional business hub Responding to an Asian marketplace sweet on chocolate products, Cargill has entered into an agreement to acquire Aalst Chocolate, a Singapore-based world-class chocolate manufacturer. Pending regulatory approval and closing conditions, the acquisition will significantly expand Cargill’s Asia-Pacific footprint, adding chocolate to its existing portfolio[Read More…]
Nestlé expands R&D facilities in Singapore
Marking the center’s 40-year anniversary The R&D centre in Singapore has been playing a key role in developing innovative products and technologies for South East Asia and beyond for both Nestlé’s retail and out-of-home business. Based on in-house expertise, Nestlé scientists ensure that products are tailored to local consumer preferences, taste and[Read More…]
Singapore launches Food Security Roadmap to protect food systems
The roadmap, aligned with New Zealand’s APEC 2021 priorities as well as the APEC Putrajaya Vision 2040 Singapore Agriculture and food ministers from the 21 APEC member economies reaffirmed their commitment to an open, transparent, productive, sustainable and resilient APEC food system by launching a new 10-year food security roadmap.[Read More…]
Life3 & NUS signed MOU to incorporate electrospinning technology into food tech
Life3 Biotech and NUS Faculty of Engineering partner to optimise electrospinning technology in food tech Life3 Biotech (Life3) has signed a Memorandum of Understanding (MOU) with the Faculty of Engineering at the National University of Singapore (NUS) to incorporate electrospinning technology into food tech. It will be a world’s first[Read More…]
Singapore-based food-tech startup Shandi raises $700,000 fund
The fund will be used to set up a manufacturing facility for plant-based chicken in Singapore Plant-based food-tech company Shandi has closed its second seed round led by Singapore-headquartered Tolaram – one of Africa’s largest packaged food companies. Other investors in this round include Australia-based food-tech accelerator SparkLabs Cultiv8 and[Read More…]
Singapore based TurtleTree & food tech Solar Biotech enter strategic partnership
The TurtleTree team built a strong collaboration model, and made an investment in Solar Biotech. Solar Biotech, led by industrial biotech expert Alex Berlin, has become a significant piece of the puzzle for sustainable food tech companies taking products to market. TurtleTree knew from the beginning that one of the biggest[Read More…]
The Freshify app aims to help users reduce food wastage through meal planning
Freshify – a combination of a mobile app, object recognition device and camera, which aims to reduce food wastage through meal planning and keeping tabs on food expiration dates The Freshify app aims to help users reduce food wastage through meal planning and keeping tabs on food expiration dates. When[Read More…]
Singapore’s Shiok Meats Acquires cell-based red meat start-up Gaia Foods
Shiok Meats, Southeast Asia’s first cell-based seafood & meat company, and the world’s first cell-based crustacean company announced that it has completed the acquisition of Gaia Foods, Southeast Asia’s first cell-based red meat start-up. Shiok Meats, Southeast Asia’s first cell-based seafood & meat company, and the world’s first cell-based crustacean[Read More…]
NUS in partnership with Nestlé R&D Centre Singapore organize NUS FoodTech Challenge 2021
This year’s competition was organised by the NUS Food Science and Technology Society and NUS Enterprise in partnership with Nestlé R&D Centre Singapore NUS FoodTech Challenge 2021, held for the second time since 2019. “Tasty”, “delicious”, “I really like the product”, “I enjoyed the drink” were some of their comments[Read More…]
