Archives for August 23, 2016

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India: Punjab planning 'state-of-the-art' pork facility

By Oscar Rousseau

The government of India’s semi-autonomous Punjab region is planning to build the country’s most advanced pig-processing facility as India’s consumption of pork and reliance on meat imports both continue to rise.

UAE sends food worth $4bn to landfills each year

By RJ Whitehead

Homes and restaurants in the UAE toss out food worth an estimated AED14.7bn (US$4bn) each year, according to the Emirates Environmental Group. The waste is then dumped in the country’s landfills where capacity is shrinking.

Saikexing secures $125m to expand in China

By Jim Cornall

China’s number four dairy farming firm Saikexing has secured a $125m loan to reduce environmental pollution, improve food safety, and expand the supply of milk within China.

Mezzan buys majority stake in Saudi’s Al Safi for $24m

By RJ Whitehead

One of the Gulf’s biggest food and beverage companies has completed the acquisition of 70% of Al Safi Food, effectively granting it a local platform to manufacture and distribute food and beverage products in the Kingdom. 

Americana saga ends after Alabbar’s Adeptio pulls out

By RJ Whitehead

The on-again-off-again sale of a majority stake in Kuwait Food Co, otherwise known as Americana, to a Gulf-based consortium has been scrapped by the Al Kharafi family, bringing to an end months of negotiations over a deal worth billions of dollars.