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Borges reports strong income despite falling turnover

Borges closed the 2018-19 (June-May) marketing year with a net profit of EUR20 million (USD21.6 mln), a third more year-on-year, despite turnover falling by 15.8% to EUR690.

Dried Fruit & Nuts Oils & Oilseeds

EBRD to fund Egyptian and Jordanian juice and dairy sectors

The European Bank for Reconstruction and Development (EBRD) is lending up to USD100 million to food and beverages producer Almarai for new investments in Egypt and Jordan.

Egypt Jordan

Key brands send Ferrero revenues soaring

Ferrero’s consolidated revenues hit EUR11.4 billion (USD12.33 bln) in 2019, a 6.2% increase compared with the previous EUR10.7 bln.

International Dried Fruit & Nuts

Polish milk giant Mlekpol receives loan from EIB

The EU Commission announced that the European Investment Bank (EIB) has loaned EUR50 million to one of Poland's largest milk producers Mlekpol to fund the company's modernisation and growth strategy.

Dairy Products Poland

UK juices and soft drinks maker secures ecological loan

Britvic PLC has secured its first sustainability-linked credit facility of GBP400 million (USD520 mln). If it hits certain ecological targets, the interest payable is reduced.

Beverages Britvic

China's Huiyuan juice faces uncertain future as founder quits

Zhu Xinlin and his daughter Zhu Shengqin left the board officially on February 12, 2020, according to a public notice from China Huiyuan Juice Group Ltd.

 

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