Group trading profit margin increased by 60bps, reflecting a 60bps improvement in Taste & Nutrition and a 20bps improvement in Consumer Foods, driven principally by operating leverage. Kerry reports business performance for the nine months ended 30 September 2021 Edmond Scanlon, Chief Executive Officer “We are pleased with overall performance[Read More…]
Finance
Olam has secured a medium-term samurai loan facility aggregating JPY 26.7 billion.
MUFG Bank Ltd., Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation (Singapore Branch) and Development Bank of Japan Inc. acted as Mandated Lead Arrangers and Bookrunners for the Facility, with MUFG Bank Ltd. acting as Facility Agent. Leading global food and agri-business Olam International Limited (“Olam’’) announced that its wholly owned[Read More…]
Olam highlights further information for investors with respect to demerger & IPO
Olam has published further information for investors with respect to the planned demerger and IPO of Olam Food Ingredients (“OFI”), a global leader at the forefront of food and beverage consumer trends. Olam International Limited has published further information for investors with respect to the planned demerger and IPO of[Read More…]
Australian All G Foods’ receive funding from CEFC for growing sustainable food production
The CEFC commitment, through the Clean Energy Innovation Fund on behalf of the Australian Government, is made alongside several prominent angel investors. A new Australian company set to build further demand for plant-based and alternative proteins has closed a $16 million seed capital raise, backed by $5 million from the[Read More…]
Yili’s interim results set another new high for the Asian dairy industry
Yili exceeds market expectations with double-digit growth in revenue and net profit in H1 FY2021. Yili exceeds market expectations with double-digit growth in revenue and net profit in H1 FY2021. Yili’s strong financial performance reflects efforts at innovation and improvement of products, distribution channels, and global network. Yili – Asia’s[Read More…]
Olam secured three committed loan facilities aggregating US$5.2 billion to facilitate Olam’s Re-organisation Plan
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…]
China food tech startup completed Series Pre-A funding combining nature and technology
The funding Allklear secured reflects the tremendous potential investors see in Future Salad, and will be used to strengthen the company’s foundation in Hong Kong, A Hong Kong food tech startup combining nature and technology, Allklear, has completed Series Pre-A funding, raising HK$10M from lead investor Gobi Partners, private investor Miss Hong Kong 2020[Read More…]
Angel Yeast to acquire yeast relevant assets of Shandong Bio Sunkeen
In doing so, the company seeks to optimize its production capacity and further consolidate and strengthen its position in the industry. Angel Yeast Co., Ltd a listed high-tech yeast company in China, has recently announced it has established a joint venture company to invest RMB 100 million ($15.4 million) to[Read More…]
China based WH Group’s interim results indicate increase in sales volumes of packaged meats segment
Sales volumes of packaged meats were 1.614 million metric tons, an increase of 2.5% year-on-year WH Group Limited is pleased to announce the unaudited interim results of the Company and its subsidiaries for the six months ended June 30, 2021. In the first half of 2021, although the Group’s operation[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…]
