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…]
Finance
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…]
Angel yeast invest in a new project which accelerates Annual Production of enzymes
Project will have an annual enzyme production output of 5,000 tons and will significantly enhance the company’s competitive advantage in the enzyme preparations and biotechnology industry. Angel Enzyme Preparation (Yichang) Co., Ltd., (“Angel Enzyme Preparation”), a wholly-owned subsidiary of Angel Yeast Co., Ltd., is well underway with construction on its new[Read More…]
Future Meat Co-led by ADM Ventures, Invested For The Mass Production Of Cultivated Meat
“We’re excited to expand our relationship with Future Meat and expand the universe of new sources of protein to consumers who are increasingly diversifying their diets,” said Ian Pinner, senior vice president of strategy and innovation, ADM. “ Future Meat Technologies, (Future Meat), the first an industry-leading company developing innovative[Read More…]
Bord Bia has won the contract to promote EU beef, lamb, dairy and horticulture across Asia
Bord Bia has won the contract to promote EU beef, lamb, dairy and horticulture across Asia, Europe and the US in three campaigns valued at €13.4 million Bord Bia has won the contract to promote EU beef, lamb, dairy and horticulture across Asia, Europe and the US in three campaigns[Read More…]
