The investments, estimated at approximately SEK 300 million Eighteen months after inaugurating its production facility in Zhangjiagang, China, AAK has decided on some significant add-on investments to increase capacity and support volume growth for, in particular, its Special Nutrition and Bakery segments. “China is a key growth market for AAK and the[Read More…]
Finance
Thailand biotech firm raises Pre-Series A funding from 500 Startups
JuiceInnov8 has closed a pre-Series A funding led by 500 Startups, making the total amount raised (including Seed Round and grants) at US$1.2M to date Thailand based JuiceInnov8, a Bangkok based deeptech startup in food biotechnology space, has closed a pre-Series A funding led by 500 Startups (500 Durians and[Read More…]
COFE app raises $3.2 M in Pre Series A Funding
COFE App was founded in the summer of 2017 by Mr. Ali Al Ebrahim. Early funding for the app was generated by him and other investors who are coffee enthusiasts Kuwait-based COFE App, a coffee-centric marketplace app, announced today that it has secured USD 3.2 million in their Pre-Series A funding, attracting[Read More…]
Celsius Holdings to establish royalty license agreement in China
Under the agreement, Qifeng Food will be granted the exclusive license rights to manufacture, market and commercialize Celsius Branded Products in China. Celsius Holdings Inc., a global maker of the leading global fitness drink, CELSIUS, has announced that they have executed a definitive agreement to establish a royalty license and[Read More…]
Cargill expands in Pakistan by investing $200M
The company’s strategy includes expansion across its agricultural trading and supply chain, edible oils, dairy, meat and animal feed businesses while ensuring safety and food traceability Cargill renewed its long-standing commitment to Pakistan by announcing plans to invest more than US$200 million in the next three-to-five years. The announcement was made[Read More…]
Alchemy Foodtech raises S$2.5m in pre-series A funding
The start-up aims to partner food manufacturers in the region to create low-GI and hence healthier versions of their products SINGAPORE start-up Alchemy Foodtech has raised S$2.5 million in pre-series A funding, which will accelerate its development of lower glycemic index (GI) food staples and the commercialisation of proprietary functional ingredient[Read More…]
Nutritional High announces financial results for Q1 2019
The Company has significantly bolstered its management team with the appointment of Mr. Tom Siciliano as President, effective December 10, 2018 and Mr. Michael DiNapoli as Chief Financial Officer, effective January 1, 2019. Nutritional High International Inc. announces financial and business results and wishes to provide highlights and comments on[Read More…]
Ingredion invests $140 million to accelerate growth in plant-based proteins
Combined strategic investments accelerate production and expand portfolio of plant-based proteins, including pulse flours, concentrates and isolates Ingredion, a leading global provider of ingredient solutions to diversified industries, today announced several steps to accelerate the production of plant-based proteins globally. The combined $140 million of strategic investments will further position[Read More…]
Cola-cola Amatil generates $77M from property optimization
“We continue to consider and implement the review outcomes. These three transactions have delivered solid commercial outcomes and some excellent opportunities for our partners” Coca-Cola Amatil has announced completion of three major property transactions with combined sale proceeds of $77 million, resulting in one-off gains of approximately $50m for the[Read More…]
CJ Cheiljedang to buy US firm Schwan’s
The transaction will include 80 percent of Schwan’s Company and specific subsidiaries that focus on foods sold in retail and grocery channels and food-service venues. Schwan’s Company, a leading U.S. food business, has reached an agreement to sell a majority stake of the company to CJ CheilJedang (CJCJ), of Seoul,[Read More…]
