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Commercial

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Financial Results Explore this Topic

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Coffee and peanuts impact on Olam’s results

Singapore-based commodities trader Olam International reported a 13.6% fall in H1 2018 profit after tax and minority interest (PATMI) compared with the same period in the previous year. This was despite revenues increasing by 11.4% to SGD13.72 billion (USD9.88 bln) and handled volume by 52.2% to 13.6 mln tonnes, due to a worse performance from the coffee, peanuts and edible oils sides of the business.

 

Singapore Olam

Saputo's financial results lifted by dairy acquisitions

Saputo Inc reports “challenging” first quarter ended June 30 results, with lower EBITDA and adjusted net earnings offset by surging revenue led by international acquisitions.

Saputo Cheese

Wilmar reports strong profit growth in Q2

Asian agribusiness giant Wilmar International reported an almost ten-fold increase in core net profit to USS352 million for the second quarter ended June 30, 2018, up from USD36 mln last year. Net profit increased five-fold to USD316 mln.

Wilmar International Oils & Oilseeds

Thai Union Group sales continue to drop

For the three-month period ended in June 30, Thai Union Group sales decreased by 2% compared with the same period last year, to THB34.1 billion (USD1.0 billion). Sales in the US are in decline against the backdrop of a growing market in Asia and the Middle East.

Asia Pacific Europe

Century Pacific profits up in first half

The Philippine-based tuna canner Century Pacific Foods Inc. reported a 7% net income increase to PHP1.57 billion (USD29.5 million) in the first half of the year.

Philippines Canned & Tomato Products

Grupo Lala to launch dairy production in Guatemala

Mexico's Grupo Lala intends to initiate operations in Guatemala at its new dairy processing plant in Palín, in a bid to reinforce Lala's presence in Central America and mitigate the damaging effects from the current tense political situation in Nicaragua.

Grupo LaLa Dairy Products
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Investments

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Saputo's financial results lifted by dairy acquisitions

Saputo Inc reports “challenging” first quarter ended June 30 results, with lower EBITDA and adjusted net earnings offset by surging revenue led by international acquisitions.

Saputo Cheese

Agrana commissions fruit preparations line for Middle East

Agrana Nile Fruits of Egypt has inaugurated a new production line for tailor-made beverage compounds, for markets in the Middle East and North Africa, in a joint project with its subsidiary Austria Juice.

Middle East and Africa Egypt

Ukrainian apple juice maker to build third Polish factory

TB Fruit plans to start construction of the EUR40 million (USD45.6 mln) plant in the Mazowieckie district in 2019-20.

Beverages Poland

Thai Union Group sales continue to drop

For the three-month period ended in June 30, Thai Union Group sales decreased by 2% compared with the same period last year, to THB34.1 billion (USD1.0 billion). Sales in the US are in decline against the backdrop of a growing market in Asia and the Middle East.

Asia Pacific Europe

China adds new juice production lines

Guangxi-based Tianye Innovation Corporation has opened a new juice plant with three production lines in Hubei province.

China Beverages

Siggi's introduces new mixing yogurts with dried fruit and nuts

US-based Siggi’s has launched a new range of whole milk yogurt with a side portion of dried fruits and nuts.

Walnuts United States
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M & A

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Private equity firm buys into African soft drinks company

Duet Private Equity Limited (DPEL), a principal investor in emerging and frontier markets, has invested over USD50 million in a majority stake in Nigeria’s non-alcoholic beverage manufacturer, Ajeast Nigeria Ltd, a subsidiary of the Peruvian-founded AJE Group.

M&A Nigeria

Thai Union Group sales continue to drop

For the three-month period ended in June 30, Thai Union Group sales decreased by 2% compared with the same period last year, to THB34.1 billion (USD1.0 billion). Sales in the US are in decline against the backdrop of a growing market in Asia and the Middle East.

Asia Pacific Europe

US juice bar chain bought by fast food catering company

Focus Brands Inc has agreed to acquire Jamba Inc for approximately USD200 million.

United States Commercial

Commission rules Dole must sell salad business in Sweden before merger

Dole must sell off its bagged salad business in Sweden before Ireland’s Total Produce will get the green light to acquire joint control of the company under the EU’s merger regulation, the European Commission has said. However, there are no concerns about its fresh fruit and vegetables offering.

Fresh Bananas Fresh Pineapple

Californian lemon specialist expands capabilities

Limoneira, a diversified citrus packing, sales and marketing company, has agreed to buy a packinghouse and related assets of Oxnard Lemon Associates in Oxnard, California, for an undisclosed sum.

M&A Fresh Lemons

Swift divestment of Cott plant to satisfy CMA requirements

Refresco has sold one of Cott Beverages’ factories, as part of the deal struck with the UK’s Competition and Markets Authority (CMA) when it bought Cott.

Europe United Kingdom
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Operations Explore this Topic

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Agrana commissions fruit preparations line for Middle East

Agrana Nile Fruits of Egypt has inaugurated a new production line for tailor-made beverage compounds, for markets in the Middle East and North Africa, in a joint project with its subsidiary Austria Juice.

Middle East and Africa Egypt

Ukrainian apple juice maker to build third Polish factory

TB Fruit plans to start construction of the EUR40 million (USD45.6 mln) plant in the Mazowieckie district in 2019-20.

Beverages Poland

Major shake-up for UK poultry processor

UK food business 2 Sisters is to merge its UK Poultry and Added Value divisions as part of a major revamp unveiled by new chief executive, Ronald Kers.

United Kingdom 2 Sisters Food Group

Vietnamese company to buy all Guinea-Bissau’s RCN

The Vietnamese multinational group T&T and Guinea-Bissau’s government have signed a memorandum to buy all the Guinean raw cashew nut (RCN) crop in 2018, which is expected to reach from 150,000-200,000 tonnes, in Hanoi (Vietnam) on August 6.

Cashews Vietnam

Danone to sell almond milk in Peru

Silk, Danone-owned nut milk brand, is to sell almond milk product in the Peruvian market through the importer Mara.

Nut Milks Dairy Products

Select Harvests announces staff changes

Michael Iwaniw, chairman of Select Harvests, has announced the resignation of Vanessa Huxley from the position of general manager finance and company secretary, with effect from August 24 2018.

People Almonds
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People Explore this Topic

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Select Harvests announces staff changes

Michael Iwaniw, chairman of Select Harvests, has announced the resignation of Vanessa Huxley from the position of general manager finance and company secretary, with effect from August 24 2018.

People Almonds

Sime Darby MD appointed chairman of Malaysian Palm Oil Board

The managing director of Sime Darby Plantation Bhd, Mohd Bakke Salleh, has been appointed as the new chairman of the Malaysian Palm Oil Board (MPOB).

Oils & Oilseeds Palm Oil

New management team at DekelOil will oversee cashew project

DekelOil Public Limited, the West African focused agricultural company, has announced the appointment of a new senior management team at Capro to oversee the development of a large raw cashew nut (RCN) processing project at Tiebissou in Ivory Coast. 

Deals Investments

Giant US brewery to expand soft drinks presence

Anheuser-Busch InBev is, in its own words, “taking the next step for future growth”. It has simplified its geographic structure by reducing its number of management zones from six to four.

Commercial Operations

Malaysia’s state palm oil agency FELDA appoints new chairman

Megat Zaharuddin Megat Mohd Nor, former chairman of Malayan Banking Bhd, has been appointed as the new chairman of the Federal Land Development Authority (FELDA), Malaysia’s state palm oil agency.

Oils & Oilseeds Palm Oil

Papua New Guinean authorities willing to permit new tuna company

There are currently six canneries and 30 freezing vessels registered in Papua New Guinea. Some critics analyse whether latest investments serve other interests more than the domestic tuna processing industry.

Asia Pacific Papua New Guinea
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