Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new recycling solutions for carton packages in Turkey, Saudi Arabia, Ukraine and Australia. Tetra Pak has co-invested over €11.5 million with recyclers and industry players, to help set up four completely new[Read More…]
Finance
Fonterra lifted its forecast Farmgate Milk Price range
Fonterra CEO Miles Hurrell says the lift in the forecast reflects the increase in global dairy prices since the Co-op’s last milk price update in January, and good levels of ongoing global demand for dairy. Fonterra Co-operative Limited lifted its 2021/22 forecast Farmgate Milk Price range to NZ$9.30 – $9.90[Read More…]
Fonterra, agreed a strategic partnership with NZX & EEX for future growth
The strong alignment of all three shareholding partners to GDT’s purpose of credible price discovery will support initiatives to increase liquidity on GDT, attract new supply from prominent dairy producing regions, and will strengthen GDT’s linkages to financial trading platforms Fonterra has agreed a strategic partnership with New Zealand’s Exchange[Read More…]
Japan supports WFP with $66M for emergency food assistance
Japan has consistently been one of WFP’s top donors The United Nations World Food Programme (WFP) has welcomed a total of $66 million in funding from the Government of Japan to provide emergency food assistance and livelihood support to vulnerable people in 26 countries across Asia, the Middle East and[Read More…]
Olam secures US$4.0 billion financing for its Re-organisation plan
Olam’s Group CFO and CEO (Operations), N Muthukumar said: “The signing of these facilities is yet another milestone in our Re-organisation plan to unlock value for our stakeholders. Leading global food and agri-business, Olam International Limited (“Olam’’) announced that it has secured multiple bank facilities aggregating US$4.0 billion, as it[Read More…]
Chr. Hansen delivers 9% organic growth in Food Cultures & Health & Nutrition segment
Food Cultures & Enzymes continued its strong momentum in the first quarter, while Health & Nutrition delivered a strong rebound following a Q4 that fell short of expectations. Progress across all business areas and strategic initiatives underlines the strength of our 2025 strategy“The encouraging start to the year with organic[Read More…]
SIG to acquire Pactiv Evergreen’s carton business in Asia
SIG plans to use its local R&D presence and innovation capabilities as well as its marketing expertise to introduce more innovative packaging formats in the fresh dairy market. SIG announced that it has entered into an agreement to acquire Pactiv Evergreen Inc.’s Asia Pacific Fresh operations (“Evergreen Asia”) for an[Read More…]
Haldiram opening its own manufacturing facility for long shelf-life dairy products
SIG, a leading systems and solutions provider for aseptic carton packaging, has been chosen by Haldiram’s to help expand its business offerings by leveraging SIG’s pioneering filling machines for aseptic carton packs. India’s ethnic snack-food giant Haldiram’s Nagpur is on a growth track, opening its own manufacturing facility for long[Read More…]
Singapore based Qian Hu invests in AI aquaculture technology
Bosch’s AquaEasy is an AI and IoT-based solution that helps shrimp farmers increase productivity and profitability while reducing risks and costs in sustainable aquaculture Mainboard-listed integrated fish service provider Qian Hu Corporation Limited (“Qian Hu” or “the Group”) announced that it has entered into a S$1 million unsecured convertible loan [Read More…]
Indonesia’s retail F&B chain raised $96m in the Series C funding
Kopi Kenangan, Indonesia’s fastest-growing New Retail F&B chain, well-known for its great-tasting coffee, announced that it has raised $96m in the first closing of a Series C funding, giving the company a valuation of more than $1bn. Kopi Kenangan, Indonesia’s fastest-growing New Retail F&B chain, well-known for its great-tasting coffee,[Read More…]
