India: Orkla to acquire majority stake in Eastern Condiments
Scandinavian consumer goods giant Orkla has announced the acquisition of a majority stake in India spice exporter Eastern Condiments for an undisclosed sum. Founded in 1983, Eastern Condiments Private has seven production facilities, with a workforce of around 3,000. Orkla said it would use the acquisition to “grow its position as one of the leading […]
Australia: Kirin and Mengniu to terminate Lion Dairy & Drinks deal
Kirin and Mengniu have announced that they will not complete their planned million transfer deal for tLion Dairy & Drinks, which was announced towards the end of 2019. The deal between the two companies had been awaiting approval from Australian competition regulators. Reuters noted that the announcement followed a media report last week that the deal […]
China: Coca-Cola to invest $75 million in new production facilities
Global soft drinks giant Coca-Cola and its bottling partners have announced plans to invest $75.3 million on new production lines and a factory in China, according to a FoodBev report. Swire Coca-Cola China, one of Coca-Cola’s bottling partners, is said to be investing $36.2 million in six new production lines, creating an estimated output of […]
China: Unilever to invest $112 million to expand ice cream factory
Unilever, the multinational consumer goods giant, has announced an investment of $112 million to expand its ice cream production facility in Taicang, China. Built in 1996 and expanded in 2003 and 2013, this new expansion will cover an area of 66,000 square metres including factory lines, warehouses, offices, and will produce 150,000 tones of ice […]
India: Cargill to open its first production facility in Asia
Leading US multinational Cargill has announced the launch of its first production facility in Asia, partnering with a local manufacturer in western India. According to sources, the manufacturing facility will open in 2021, with an initial production of 10,000 tons of chocolate compounds, and a workforce of 100 jobs. This investment is part of the […]
Indonesia: Indofood CBP to acquire Pinehill Group for $3 billion
Indofood CBP, an Indonesian-based noodle company, has announced its plan to acquire Pinehill Group, an instant noodle producer for $3 billion. With a production of 10 billion packs in its 12 facilities, Pinehill Group sells instant noodles to countries like Serbia, Ghana, Morocco, Egypt, Turkey, Saudi Arabia, Kenya, and Nigeria. According to sources, Indofood CBP […]
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 […]
Australia: AB InBev to complete sale of Carlton & United Breweries for $11 billion
AB InBev, the giant brewer, has completed the sale of Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group for approximately $11 billion. With this acquisition, Asahi Group will have the rights to commercialise AB InBev’s international brands in Australia. According to sources, the proceeds from this deal will be used to pay […]
Australia: Barry Callebaut Group to acquire GKC Foods
Cocoa processor Barry Callebaut Group has announced the acquisition of GKC Foods, a chocolate producer, for an undisclosed sum. Based in Melbourne, GKC Foods is a privately-owned B2B chocolate manufacturer, specialised in high-quality chocolate and chocolate related products. According to sources, this acquisition allows Barry Callebaut Group to establish a direct presence and manufacturing capacity […]
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 […]