Finance

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…]

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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…]

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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…]

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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…]

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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…]

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Kerry Group partners with Concern Worldwide to Support Kenyan Farmers

Kerry Group, the world’s leading taste and nutrition company, and Irish humanitarian organisation Concern Worldwide today announced a four-year partnership that aims to improve the lives of 46,000 Kenyans by providing access to climate-smart agricultural practices. They will collaborate to improve  food security, boost household income and reduce malnutrition levels[Read More…]

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