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Commercial

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Financial Results Explore this Topic

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Swiss flavour giant expands Chinese factory

The Swiss flavour and fragrance specialist Givaudan has expanded its factory in the Chinese city of Nantong, adding 16,000 sq metres with a total investment of CHF30 million (USD30.3 mln).
Essential Oils Switzerland

French poultry giant targets second acquisition in Hungary

France’s largest poultry company LDC has announced plans to make a second acquisition in Hungary having purchased the Tranzit group in 2018.

France Poultry

Britvic’s annual profits slump by a quarter

Britvic, the UK manufacturer of fruit juices and juice drinks and Pepsi-Cola’s bottler, has announced a 24.3% reduction in pre-tax profit for the year to end September 2019. Profits were announced at GBP110.3 million (USD141.7 mln) for the year.

United Kingdom Commercial

Kaset Thai Sugar turns in higher profit in 2018/19

Kaset Thai International Sugar Corp. (KTIS) managed to increase its profit in fiscal 2018/19 (Oct/Sep) to THB740.1 mln (USD1=THB30.19) from THB629.3 mln in the previous cycle.

Sugar Thailand

Danish Crown delivers on Chinese ASF windfall

European meat processor Danish Crown has posted a solid set of results for 2018/19 despite the problems faced by its UK arm, Tulip Ltd, which has now been sold.

Denmark Danish Crown

Danish Crown closes books on loss-making UK meat business

European meat processor Danish Crown says its last full year as the owner of Tulip Ltd resulted in a loss of DKr210 million (USD31 million) from the UK business unit.

Hogs & Pork Denmark
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Investments

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New Far Eastern multi-purpose soft drinks plant

Fraser and Neave (F&N) is investing more than SGD80 million (USD58.6 mln) to build a food and drinks facility in Tuas, western Singapore.

Singapore Commercial

Japanese flavour company opens factory in Indonesia

Japan’s flavour and fragrance specialist Takasago has just opened a USD25 million processing plant in Indonesia. 

Essential Oils Japan

Swiss flavour giant expands Chinese factory

The Swiss flavour and fragrance specialist Givaudan has expanded its factory in the Chinese city of Nantong, adding 16,000 sq metres with a total investment of CHF30 million (USD30.3 mln).
Essential Oils Switzerland

Spain-based food companies to benefit from investment grant

Eight food companies operating in Andalucia will receive a EUR20 million (USD22.1 mln) grant for investments in processing, commercialisation or development of new agri-food products.

Spain Canned & Tomato Products

Olam sells water rights to almonds in Australia

Olam International has announced that its Australian subsidiary Olam Orchards Australia (OOA) has reached an agreement to sell 89,085 megalitres (89.08 billion litres) of its permanent water rights in Australia to the Canadian pension investment manager PSP Investments for AUS490.0 mln (USD332.8 mln).

Almonds Olam

Polish frozen food company invests in Ukraine

Fresh and frozen fruit processor Terra-plant Zphu plans to grow strawberries in the Rivne region of Ukraine, Ukrainian media has reported.

Poland Ukraine
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M & A

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JBS rescues Minnesota meat plant from closure

JBS, the world’s largest beef processor, is expanding its presence in the US with the takeover of a meat processing facility in Pipestone, Minnesota.

United States Brazil

De Heus snaps up Spanish feed facility from ADM

Dutch animal nutrition company Royal De Heus has strengthened its position in Spain by acquiring a compound feed plant from Archer Daniels Midland (ADM).

Spain Myanmar

New Zealand beverage maker up for sale

A small company, New Zealand's oldest home-grown soft drinks manufacturer, Wests NZ Ltd, has been offered for sale, on behalf of its owners Kaye and Alf Loretan.
New Zealand Beverages

Canadian processor acquires Uruguayan hemp grower

The Canadian cannabidiol (CBD) processor Terrace Global, listed on the TSX Venture exchange, has announced the acquisition of Oransur, an Uruguayan hemp grower for an undisclosed sum.

M&A Canada

Competition watchdog clears purchase of Canadian pork business

The takeover of one Quebec’s largest pork processors has got the green light from Canada’s competition watchdog.

Canada M&A

French poultry giant targets second acquisition in Hungary

France’s largest poultry company LDC has announced plans to make a second acquisition in Hungary having purchased the Tranzit group in 2018.

France Poultry
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Operations Explore this Topic

Set Alert for IEG Vu Commercial :: Operations

New Far Eastern multi-purpose soft drinks plant

Fraser and Neave (F&N) is investing more than SGD80 million (USD58.6 mln) to build a food and drinks facility in Tuas, western Singapore.

Singapore Commercial

Coca-Cola reorganises its Indian operations to improve profitability

Coca-Cola has started selling some of its Indian bottling operations, beginning with those in the north of the country, where (so far) it has divested itself of 10% of its assets.

India Coca Cola

Japanese flavour company opens factory in Indonesia

Japan’s flavour and fragrance specialist Takasago has just opened a USD25 million processing plant in Indonesia. 

Essential Oils Japan

Lidl testing freshly squeezed juice in its stores

Lidl Switzerland stores in Weinfelden, Baar, Wettingen and Zurich Fraumünsterpost have been fitted with orange juicing machines as part of a test marketing programme.
Switzerland Commercial

Swiss flavour giant expands Chinese factory

The Swiss flavour and fragrance specialist Givaudan has expanded its factory in the Chinese city of Nantong, adding 16,000 sq metres with a total investment of CHF30 million (USD30.3 mln).
Essential Oils Switzerland

Indigenous energy drink brand launched in Russia

Gazprom-Media, which owns a number of Russian TV and radio stations, has announced a Starvit energy drinks brand, which it intends to sell directly to consumers.
Russian Federation Beverages
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People Explore this Topic

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Select Harvests appoints new board member

Select Harvests has announced the appointment of Guy Kingwill to the board as a non-executive director.

People Australia

German fruit juice giant announces new chief executive

Tim Berger will become the new chief executive of Eckes AG and chief executive of the Eckes-Granini Group GmbH, with effect from August 2020.

Germany Beverages

COFCO International appoints new chairman

COFCO International announced the appointment of Richeng Luan as chairman after his predecessor Johnny Chi became president of China Grain Reserves Group (Sinograin).

People China

New president for Chilean Blueberry Committee

The Chilean Blueberry Committee (CBC) has elected Felipe Silva, general manager of Zurgroup, as its president following the departure of Felipe Juillerat, formerly from Hortifruit.

Chile Fresh Fruit & Vegetables

Australian nut processor Select Harvests wins export award

Select Harvests has been awarded the Governor of Victoria’s Export Award in the agribusiness, food and beverages category.

Almonds Australia

Deep changes in communication strategy for California Prunes

The California Prune Board (CPB) launched its new brand policy this May. Initially, this change implied a new logo ‘California Prunes. For Life’ and focused on the communication strategy of promoting the product as a healthy daily pleasure, and not a mere food choice, as IEG Vu reported on May 22.

Prunes United States
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