business
03 Oct 2023
--- Umiami, a French food tech company, has closed a €32.5 million (US$ 34.7 million) financing round. The funding is set to bolster the industrialization of its “umisation” technology, expedite European...
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03 Oct 2023
--- Louis Dreyfus Company (LDC) and Instanta Sp. z o.o. have teamed up to inaugurate ILD Coffee Vietnam, a freeze-dried instant coffee facility. Together, the companies hope to serve consumers across established markets.
02 Oct 2023
--- The Spain Foodtech Program, a start-up acceleration initiative led by Eatable Adventures in collaboration with the National Center for Food Technology and Safety (CNTA) and the Spanish Institute for Foreign Trade (ICEX), has...
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02 Oct 2023
--- Symrise has introduced its “Enhanced Naturals @SPark” facility in Singapore dedicated to naturalness innovation. This expansion is driven by the industry’s increasing emphasis on sustainable, natural, and...
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29 Sep 2023
--- In industry news this week, Second Nature Brands plans to acquire Sahale Snacks from The J.M. Smucker Co. while Celanese Corporation completes the formation of Nutrinova, a food ingredients joint venture with Mitsui &...
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29 Sep 2023
--- Olam Food Ingredients (Ofi) has announced the expansion of its dairy production facility and Ingredient Excellence Center (IEC) in Johor, Malaysia. The company has added a new milk powder dryer that could “more than...
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27 Sep 2023
--- The food and beverage (F&B) industry is gearing up for the Anuga trade show in Cologne, Germany (Oct 7-11), where the latest trends and innovations will be on display. With changing consumer preferences, sustainability...
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26 Sep 2023
--- JBS has commenced construction of Brazil’s first cultivated protein R&D innovation center. Scheduled to open at the end of next year, the JBS Biotech Innovation Centre at Sapiens Parque innovation hub in...
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19 Sep 2023
--- FrieslandCampina has announced its intention to reshape its top structure, aiming to boost business performance and profitability. The change follows the appointment of Jan Derck van Karnebeek as CEO in June. The business...
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18 Sep 2023
--- Upside Foods will set up its first commercial-scale cultivated meat production plant – Rubicon – in the Chicago Metropolitan Area to broaden its commercial offerings, heighten scalability and bring down...
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15 Sep 2023
--- Agro-giant Cargill has decided to minimize its grain commodity trading business in Russia. The grain export business has been notoriously complex in the country, according to the company.
12 Sep 2023
--- J. M. Smucker has agreed to acquire Hostess Brands for US$5.6 billion in a cash and stock deal. The transaction is expected to expand Smucker’s presence in the growing snacking and meal occasions category and enhance...
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12 Sep 2023
--- The board of directors of Kellogg’s has given the green light to its planned division into two separate public companies: Kellanova, which will focus on snacks and emerging markets and WK Kellogg, which will retain the...
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12 Sep 2023
--- Thailand-based Tao Bin has entered Malaysia with the launch of the Smart Robotic Barista, a machine that employs advanced robotics, artificial intelligence (AI) and the Internet of Things (IoT) to create multi-flavored...
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07 Sep 2023
--- Nestlé plans to acquire a majority stake in Grupo CRM, a premium chocolate maker in Brazil. The deal, expected to close in 2024, will give Nestlé access to more than 1,000 chocolate boutiques and an online...
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05 Sep 2023
--- Nestlé has divested from Palforzia, its peanut allergy business, to Stallergenes Greer, a biopharmaceutical company specializing in diagnosing and treating allergies. The deal’s value was not disclosed.
04 Sep 2023
--- Alternative protein player Eat Just has scored a new round of financing to accelerate the application of science and technology for healthier and more sustainable food formulation. The funding will further aid the company in...
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04 Sep 2023
--- Arla Foods Ingredients has taken full control of MV Ingredients with Volac exiting the joint venture, which has been in place for more than ten years. MV Ingredients is a multi-million advanced whey processing facility based...
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04 Sep 2023
--- Indian conglomerate ITC yesterday laid the foundation of two new manufacturing facilities in Sehore, Madhya Pradesh, for a reported investment of ₹1,500 crores (approximately US$181 million). The integrated food...
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31 Aug 2023
--- In the wake of the current overfishing crisis, seafood giant Maruha Nichiro is collaborating with Umami Bioworks to develop and commercialize cultivated seafood in Japan. By producing “not-caught” seafood, the...
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