Azelis’ Bangladesh office serves the pharma, food, agricultural, CASE, and personal care markets, complementing its more than 30 offices across the region. Opening its first office in Dhaka, Bangladesh, is an integral part of the group’s organic growth strategy to strengthen its footprint across the South Asian continent and provide[Read More…]
Finance
FAO welcomed an additional $150 million multi-agency contribution from the World Bank to scale up restoration of rural livelihoods in Yemen
Increased support for the joint Yemen Food Security Response and Resilience Project as acute food insecurity intensifies Since 2021, the $127 million Yemen Food Security Response and Resilience Project (FSRRP) has been jointly implemented by FAO, the United Nations Development Programme (UNDP) and the World Food Programme (WFP). The International Committee of the Red[Read More…]
Barry Callebaut’s multi-year expansion of its Canadian factory will total USD 100 million
The investment includes liquid and molding lines as well as enhanced dairy-free production capabilities Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, announced the next phase of the expansion of its Chatham factory in Ontario, Canada. The multi-year expansion started in 2018, with an initial investment[Read More…]
Azelis strengthens Asia Pacific footprint with the acquisition of Chemiplas Agencies Ltd in Australia and New Zealand
Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Chemiplas Agencies Ltd one of the leading distributors of specialty chemicals, plastic raw materials and ingredients in Australia, New Zealand, and[Read More…]
Legendary Taiwan Bubble Tea Brand ‘Chun Shui Tang’ Enters the UK Frozen Food Market
The worldwide’s bubble tea founder introduces frozen ready side dishes ideal for a good cup of tea. Chun Shui Tang, the inventor of bubble tea is bringing several side dishes, Vegan Black Pudding in Spicy Sauce, Braised Tofu in Signature Sauce, and Dry Bean Curd in Spicy Sauce, to the[Read More…]
Azelis Q3 2022: Sustained positive trends supportive of strong full year 2022
Azelis generated free cash flow of EUR 275.1m, an 81.4% increase over the prior year, despite continued investments in working capital to support strong performance. Revenue of EUR 3.1bn, representing year-on-year growth of 52.5% driven by organic growth of 25.8%, M&A growth contribution of 21.3% and F/X uplift of 5.5%[Read More…]
Nutreco invests in biotech firm Roslin Technologies Limited
The supply of cell lines is expected to be a bottleneck in the growth of cultivated protein, Roslin Tech offers a critical solution for building Nutreco’s potential future “cell feed” proposition. Nutreco announced it has taken a minority share in Scotland-based Roslin Technologies Limited (“Roslin Tech”) in the company’s recently[Read More…]
Yum China Reports Third Quarter 2022 Results
Yum China Holdings, Inc. reported unaudited results for the third quarter ended September 30, 2022. Total Revenues grew 5%; System Sales grew 5% in constant currency, despite temporary closuresDelivered $316 million Operating Profit, representing 77% growth, through strong execution Opened 621 net new stores year-to-date, on track to meet full-year net new store target[Read More…]
Morinaga Milk Industry announces the commencement of local production and sales of Morinaga Milk-branded products in Vietnam
Vietnam is one of the countries with the highest growth potential leading up to 2050, with a population of about 98.5 million (2021) and a projected economic growth rate of around 6% from 2023 onward, according to the World Bank. In particular, the yogurt market is growing at an average[Read More…]
Yili Recorded a Total Revenue of RMB 93.9 billion over Q1–Q3 FY2022
Yili manages to maintain solid growth amid the pandemic demonstrates the dairy giant’s strong resilience. Both Yili and the industry will expect rapid growth as soon as the macroeconomic environment recovers. Yili Group recorded a total revenue of RMB 93.861 billion (USD 12.94 billion) over the first three quarters of[Read More…]
