USA: Philip Morris International to reach agreement with Altria Group
Philip Morris International (PMI) has reached an agreement with Altria Group (Altria) to end the companies’ commercial covering IQOS in the USA. From 30th April 2024, PMI will have full rights to sell IQOS in the USA. As part of the agreement, PMI will pay a total cash consideration of $2.7 billion. The agreement between […]
USA: JBS discontinues Planterra Foods
Global meat firm JBS has decided to discontinue its US plant-based foods unit Planterra Foods, according to a FoodBev report. The firm will reportedly now focus its efforts in plant-based foods Brazil and Europe, where its customer base and market share are said to be growing. Nikki Richardson, head of corporate communications at JBS USA, […]
USA: Hilmar Cheese breaks ground on new facility
US based Hilmar Cheese has recently announced that it has broken ground on its new cheese and whey production facility in Dodge City, KS. According to a company press release, the new facility will be delivered through an investment of $600 million. Founded in 1984, Hilmar Cheese is claimed to be one of the world’s […]
Mexico: Cazcabel to open new distillery
Tequila producer Cazcabel Tequila has announced plans to open a new $37 million distillery in Mexico in 2023. Located in the Jalisco mountains in the Los Altos region, the facility will be run by the Vazquez family, known for producing agave and tequila. The property is claimed to be close to agave fields and near natural springs […]
Spain: Nestle to invest in Girona coffee facility
FMCG giant Nestle has announced that it is investing €100 million ($98 million) in a coffee plant in Girona, Spain. According to sources, the investment will be made over the next three years with the goal of increasing the factory’s medium to long-term competitiveness. Nestle plans to install state-of-the-art technology that, combined with automation and […]
USA: Diageo opens new distillery for Aviation American Gin
Diageo’s Aviation American Gin subsidiary has announced the opening of a new Aviation American Gin Distillery and Visitor Center in Portland, USA. According to a company press release, the 3,000 sq m facility features a tasting room, draft cocktail bar, and a gift shop. Ryan Reynolds, Aviation American Gin co-owner said: “About three years ago, we […]
Spain: Mercadona invests in €60 million in logistics platform
Spanish retailer Mercadona has made an investment of €60 million ($58.5 million) in its logistics platform in Riba-Roja del Turia, Valencia. According to an article in Revista Inforetail, the resources will be used to optimise and modernise its warehouse for fresh produce in the logistics centre. With the investment, improvements will be made in the centre’s […]
Japan: Coca-Cola to partner with Kirin on immunity drinks
Soft drinks giant Coca-Cola is partnering with Japanese beverage firm Kirin to develop functional drinks, according to a Nikkei Asia report. The companies are said to be collaborating to create drinks that contain lactococcus lactis strain plasma (LC-Plasma), a postbiotic ingredient developed by Kirin Holdings that is claimed to boost immunity in healthy people. The […]
Ireland: Irish Distillers to build new whiskey distillery
Irish Distillers, a subsidiary of the French drinks conglomerate Pernod Ricard, has announced plans to build a €250 million ($247.7 million) whiskey distillery in Midleton, Ireland, according to a FoodBev report The new distillery will be located in a 55-acre area that is connected to the company’s existing Midleton Distillery, and will produce whiskeys for […]
Brazil: Danone stops producing Bonafont bottled water in Brazil
FMCG giant Danone has announced it is ceasing production of Bonafont bottled waters in Brazil, including all of its activities in the Jacutinga plant in the state of Minas Gerais. According to a FoodBev report, the decision is line with Danone’s decision to focus on dairy and plant-based products and specialised nutrition in the country, which are described […]