Agthia’s revenue would have shown a solid 5.2 per cent growth, indicating underlying strength in core operations Agthia Group PJSC, a leading food and beverage company in the MENA region, announced its financial results for the first quarter ending March 31, 2025, reporting AED 1.3 billion in revenue. While this[Read More…]
Finance
Kemin Industries acquires Bactana research-driven company
This strategic investment by Kemin Nutrisurance: Pet Food and Rendering Technologies underscores Kemin’s commitment to scientific innovation and the continuous expansion of its expertise in gut health Kemin Industries, a global ingredient manufacturer that strives to sustainably transform the quality of life every day for 80 per cent of the[Read More…]
ADB, Ulaanbaatar Flour partner to support wheat supply chain in Mongolia
The project will facilitate consistent wheat procurement and provide a stable buyer for 250 wheat farming enterprises, including smallholder and women-led farms The Asian Development Bank (ADB) and Ulaanbaatar Flour Limited Liability Company (UBF) signed a 3-year $10 million loan to support local wheat procurement to meet the increasing demand[Read More…]
Thai Union receives $150 Mn Blue Loan from ADB
Through the Blue Loan, Thai Union will expand sourcing of sustainable shrimp, shrimp certified under schemes recognised by the Global Sustainable Seafood Initiative (GSSI) Thai Union Group PCL, the world’s seafood leader, has secured a landmark $150 million Blue Loan from the Asian Development Bank (ADB), a first for the[Read More…]
UAE’s Agthia Group completes Riviere acquisition
The acquisition is expected to be immediately earnings accretive and result in an approximately 6.5 per cent increase to the Group’s Water & Food segment revenues UAE based, Agthia Group PJSC one of the region’s leading food and beverage companies, has completed its 100 per cent acquisition of Riviere Mineral[Read More…]
ADB support for food security to reach $40 Bn by 2030
The assistance will fund a comprehensive program spanning the entire food production process—from farming and processing to distribution and consumption The Asian Development Bank (ADB) announced plans to expand its support to long-term food and nutrition security in Asia and the Pacific by $26 billion, bringing its total funding for[Read More…]
Pluri acquires Kokomodo to advance cultivated cacao production
The collaboration is expected to accelerate production scale-up, global market entry, and product innovation in sustainable cacao ingredients Pluri announced it has completed the strategic acquisition of a 71 per cent equity stake in Kokomodo Ltd., a cultivated cacao AgFoodTech company, for $4.5 million in Pluri common shares. The deal[Read More…]
Nestlé reports 2.8% organic growth in Q1 2025
Confectionery and coffee led category growth, with organic increases of 8.9 per cent and 5.1 per cent respectively, driven largely by pricing actions taken to counter input cost inflation Nestlé announced its financial results for the first quarter of 2025, reporting organic sales growth of 2.8 per cent, underpinned by[Read More…]
Huhtamaki acquires Zellwin Farms Company
The transaction will benefit Huhtamaki with additional capacity and capabilities in moulded fibre packaging Huhtamaki has acquired Zellwin Farms, a privately owned business located in Zellwood, Florida, in the United States. The $18 million enterprise value transaction will support Huhtamaki’s growth within the moulded fibre industry, specifically for egg cartons[Read More…]
Unilever delivers resilient Q1 performance sets stage for Magnum ice cream spin-off
The company confirmed that the long-anticipated separation of its Ice Cream division remains on track for the fourth quarter of 2025, with the new entity to be named The Magnum Ice Cream Company Unilever has reported a steady start to 2025, posting 3 per cent underlying sales growth in the[Read More…]
