USA: PepsiCo to build $90 million snack facility in Vietnam
PepsiCo, the global snacks and drinks giant, has announced plans to build $90 million snack facility in Vietnam to supply both the Vietnamese and Cambodian markets. The new 80,000 sq m facility will be built in Dong Van I Expanded Industrial Park in the Ha Nam province and is expected to produce over 23,000 tonnes […]
USA: King’s Hawaiian to build $200 million Indiana baking plant
Los Angeles-based bakery firm King’s Hawaiian has announced plans to invest $200 million to build a manufacturing facility in Taylorsville, IN. According to a report in Food Business News, the company has purchased 88 acres and plans a 300,000-square-foot facility to be built in phases, with the first phase creating 125 to 150 jobs. “We are […]
USA: Chobani to acquire La Colombe
Chobani, the leading US greek yoghurt firm, has announced the acquisition of La Colombe, an American coffee roaster, for $900 million. Founded in 1994, La Colombe is described as crafting premium roasts from bean to cup, reaching consumers through retail stores, cafes, food service providers, and direct-to-consumer platforms. The deal comes a matter of months […]
Valeria Krynetskaya, Head of Plant-Based Venture THRYVE
IFFCO Group
Gama spoke to Valeria Krynetskaya, Head of Plant-Based Venture THRYVE at IFFCO Group. What are the drivers behind consumers’ dietary choices in the Middle East? “At the moment, consumers are mostly looking to evolve their diet towards lower salt, lower sugar and free from to reduce their weight. An important factor in these choices in […]
USA: Unilever to sell Elida Beauty business
Unilever, the multinational consumer goods giant, has announced it has received a binding offer from Yellow Wood Partners, a Boston-based private equity firm, to acquire Elida Beauty for an undisclosed amount. Elida Beauty has a portfolio of 20 beauty and personal care brands including Q-tips, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, Moussel, Alberto Balsam, and […]
China: Pernod Ricard to launch “China-first” prestige malt whisky
French spirits maker Pernod Ricard has announced it has finalized production of The Chuan Pure Malt Whisky, the initial release from its distillery in Mount Emei, which is claimed to be the first prestige malt whisky to be produced in China. Construction on the distillery began in September 2019 as part of a ten-year, $150 million investment. […]
India: HCCB to invest $368 million in Gujarat
Hindustan Coca-Cola Beverages (HCCB), the Indian Coca-Cola subsidiary, has announced an investment of 3,000 crore INR ($368 million) to set up a new plant in Rajkot, in India’s Gujarat state, to manufacture juice and aerated beverages. “The investment is expected to create a considerable industrial footprint, fostering substantial economic and social growth in the region”, […]
Australia: Haigh’s Chocolates to build manufacturing facility in Salisbury South
Haigh’s Chocolates, an Australian confectionery company, has announced an investment of A$130 million ($87 million) to develop a manufacturing facility in Salisbury South, Adelaide. The project, which will span an area of 36,000 sq m, will accommodate 9,000 sq m for production facilities and 6,000 sq m for warehousing. A$36 million ($24 million) from the […]
Japan: Meiji to build dairy plant in Hokkaido
Meiji, the Japanese food and pharmaceutical firm, has announced plans to invest ¥48 billion ($339 million) in the construction of a new dairy plant in Nakashibetsu, Hokkaido. According to Meiji, the new facility will have an initial production capacity of 430,000 tons of raw milk annually, with the potential to reach 500,000 tons over time. […]
India: Krishna’s Herbal & Ayurveda to open new manufacturing unit in Jodhpur
Krishna’s Herbal and Ayurveda, a leading manufacturer & supplier of ayurvedic medicines, has announced an investment of 5 crore INR ($600,000) to develop a state-of-the-art manufacturing plant in Jodhpur, India. The company is said to be best known for juices with natural and ayurvedic ingredients, and its portfolio is said to encompass products for diabetics, […]