Egypt: PepsiCo to invest $100 million to expand its activities
US multinational food and beverage company PepsiCo, has announced its plans to invest $100 million in Egypt this year, to expand its activities in the country. This investment is part of a 4-year commitment to invest a total of $515 million in the Egyptian market. As part of the investment, the company will expand the […]
US: Turkey Hill to acquire new ice cream facility
Turkey Hill, the US-based food and drink company, has announced the acquisition of an ice cream production facility in Arkansas from Yarnell Ice Cream, a subsidiary of Schulze & Burch Biscuit Company. Owned by an affiliate of Peak Rock Capital, Turkey Hill is a manufacturer of branded ice cream and refrigerated drinks in the United […]
China: Nestle to invest over $100 million to build new factory in China
Multinational food and drinks giant Nestle, has announced an investment of $103.58 million to build the first plant-based food facility in China. The investment will include the expansion of the existing pet food plant, an upgrade of the production line of confectionary business, the fist plant-based production facility in Asia and will also further develop […]
China: TCP Group to invest $149.3 million to expand presence in China
Thai enterprise TCP Group has announced its plans to invest ¥1.06 billion ($149.3 million) to expand its presence in the Chinese market, over the next three years. This investment intends to support its local partnerships, establish a new representative office, in-country team, and manufacture centers as well as support the launch of new Red Bull […]
Saudi Arabia: Almarai to invest and expand its poultry plants
Saudi Arabian food and drink company Almarai, has announced its plans to expand its current poultry production and manufacturing facilities with an investment of 275 million riyals ($73.33 million). Based in Riyadh, Almarai produces bakery, juices, dairy and baby nutrition products that are distributed across the Middle East and Africa, through retailers and foodservice channels. […]
UK: Futura Foods to open a new plant in Wales
Futura Foods, the UK-based dairy company, has announced the opening of a new cheese cutting and packaging factory in Minffordd, Wales. The new 5,574 sq metre factory acquired in October 2019, will have the capability to produce 20,000 tons of cheese per year, creating 22 jobs and increasing the company’s operations. Hans Christiansen, managing director […]
USA: Lidl to open new headquarters and Distribution Centre in Maryland
German discount retailer Lidl, has announced the opening of the new regional headquarters and distribution centre in Cecil, Maryland with a cost of $100 million. With 700,000 square-foot, the facility will create 200 new full-time jobs and it will supply Lidl stores in 5 states. CEO of Lidl US, Johannes Fieber said, “The facility will […]
Spain: Mercadona to invest €1.8 billion in 2020
Mercadona, the Spain-based supermarket chain, has announced its intention to invest €1.8 billion in 2020 on a “transformation plan”. The plan will mainly consist of opening new 69 stores in Spain and 10 in Portugal. Similarly, Mercadona will renovate 160 supermarkets, install ready-to-eat food counters in 460 stores, build new logistics facilities and continue to […]
Russia: VkusVill to open first store in the Netherlands
VkusVill, a Russian-based supermarket chain, is planning to expand and open a store in the Netherlands in the coming weeks, according to a Reuters report. Having started one decade ago selling fresh dairy products from local producers, the company positions itself as a neighbourhood distributor of affordable fresh food through supermarkets and self-checkout micro markets. […]
UAE: Carrefour launches mobile “grocery bus” in Dubai
Carrefour, the global retail giant, has announced Mobimart, said to be the first mobile “grocery bus” in Dubai, via its partnership with UAE-based conglomerate Majid Al Futtaim. Developed by the UAE-based startup Bespoke Trailers, Mobimart is designed to bring shopping to “underserved” communities, offering fresh food and daily groceries six days a week. The bus […]