News & Analysis on Food & Beverage Development & Technology
In the biggest single investment announced in the Danish-headquartered dairy cooperative’s history, Arla Foods says it will invest more than half a billion euros ($656m) in 2018 to deliver on its 2020 growth ambition.
Yet another Australian supplement brand is set for a Chinese takeover, with BY-HEALTH agreeing to pay $690m for probiotic firm Life-Space Group.
Singaporeans are consuming an increasing amount of vitamins and supplements, with overall expenditure reaching US$374.4m (S$490m) last year — up US$5.5m from 2016— according to market research firm Euromonitor.
Thailand food conglomerates Charoen Pokphand (CP) Group is to open wholesale cash-and-carry stores in India as well as broker deals in the US.
Auckland-based meat substitute producer Sunfed Meats, which has consistently sold out its Chicken Free Chicken in New Zealand, is in the midst of a series A capital raise to significantly expand production to meet growing local and overseas demand, and...
Jacobs Douwe Egberts has been given the go-ahead by Singapore's competition watchdog to acquire Malaysian-listed coffee firm OldTown.
Dubai-based conglomerate Al Ghurair Group has committed to investing US$333 million into a new sugar factory in Egypt.
This year’s Gulfood show takes place against the backdrop of rising regional investment in food production, with international manufacturers increasingly seeing the Middle East as a lucrative market for their goods.
Cargill has made its first investment in Saudi Arabia with the opening of a joint-venture corn milling facility to increase supplies to the Gulf’s food and beverage firms.