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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.
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.
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.
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.
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.
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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