A majority of the investment will be made to enhance manufacturing operations across Unilever’s four factories in Pakistan over the next two years. Unilever will invest $120 million in its Pakistani operations as it responds to the country’s high potential for long-term growth. A majority of the investment will be[Read More…]
Finance
CP Foods signs deal with Brazilian shrimp farm
The company agreed to purchase a total of 4,666,667 newly issued ordinary shares representing 40 per cent of total capital stock of Camanor worth $17.5 million. Thailand’s Charoen Pokphand Foods (CP Foods) has inked a deal to acquire a 40 per cent stake in Camanor Produtos Marinhos, one of a[Read More…]
Chai Point raises $20M series C funding
Chai Point will use its funding to broadening its operations, especially its beverage vending machine vertical BoxC. Singapore- Organised tea firm Chai Point has raised $20 million in latest funding round led by private equity firm Paragon Partners. The series C round also saw participation from all its existing investors[Read More…]
Heineken performs strong in Asia
Consolidated beer volume was up by 11.3 per cent in the company’s Asia Pacific unit. Heineken, the world’s second largest-brewer, saw its global shipments rise 4.3 per cent in the first quarter of the year with significant growth in Asia. Profits fell to €260 million from €293 million a year[Read More…]
Olam International secures $163M
Proceeds from the Facilities will be applied towards capital expenditure and permanent working capital requirements of the Company and COVL in Vietnam, Indonesia, Timor-Leste and Papua New Guinea. Olam International Limited, a leading agri-business operating across the value chain in 66 countries, has secured medium term financing facilities aggregating $163.0[Read More…]
NADEC to acquire Al Safi Danone
NADEC funded the purchase through a 536 million Saudi riyal ($143 million) capital increase. Danone has agreed to sell its Saudi Arabian joint venture dairy company Al Safi Danone (ASD) to the National Agricultural Development Company (NADEC) for an undisclosed sum. Al Safi Danone produces a range of dairy and[Read More…]
Nutryfarm to acquire stake in First Linkage
The acquisition is part of efforts to seek potential business opportunities linked to the group’s existing areas of business. NutryFarm International Limited, an investment holding company engaged in the research, development, production, and sale of nutrition, health food, and related health products in the People’s Republic of China, is acquiring a[Read More…]
Danone invests $18.3M in NZ production facility
Danone says that the investment will double the production capacity of the facility. Danone has invested NZL 25 million ($18.3 million) in its Airport Oaks infant formula blending and processing facility in Auckland, New Zealand. Danone says that the investment will double the production capacity of the facility, and will[Read More…]
ThaiBev Q1 profit drops 62%
The firm incurred acquisition costs of 2.35 billion baht from the four deals it completed in the quarter which sent net profits down in the first quarter. Thai spirits maker Thai Beverage has posted a first quarter net profit of 2.91 billion baht (US $ 122 million), down 62.3 percent[Read More…]
Danone to sell part of Yakult stake
The divestiture will be carried out through a market transaction launched by Yakult and is expected to settle in March. French food company Danone has announced its plans to sell part of its 21.3 per cent stake in Japanese probiotic dairy company Yakult. The divestiture will be carried out through[Read More…]
