business

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15 Mar 2024
--- Record-high cocoa prices are pushing chocolate makers to increase consumer product prices and reduce product size, fueling the so-called “shrinkflation” trend. In his State of the Union Address last week, US... Read More
15 Mar 2024
--- Tyson Foods will shut down its pork facility in Perry, Iowa, in the US, which is considered to be its economic base. The closure is expected to hugely impact its workforce of nearly 1,200 workers who fear losing their... Read More
08 Mar 2024
--- The World Packaging Organisation (WPO) and the United Nations Industrial Development Organization (UNIDO) have concluded a project aimed at enhancing the food packaging sector in Mongolia and aligning it with international... Read More
07 Mar 2024
--- Cultivated Biosciences, a Swiss biotech start-up, has recently announced the closure of its US$5 million seed funding round. This financial milestone will boost the development of its innovative yeast cream in collaboration... Read More
07 Mar 2024
--- The Red Sea shipping crisis is continuing to hinder trade between Europe and Asia and impact the price and availability of key commodities in the consumer goods sector, including wheat and plastic, according to research by... Read More
04 Mar 2024
--- Olam Agri, an agribusiness in food, feed, and fiber, has acquired Avisen SARL, Senegal’s second-largest poultry feed supplier, for €17.0 million (US$18.45 million). This acquisition marks a step in Olam... Read More
27 Feb 2024
--- The US federal government, backed by several states, is taking legal action to stop the merger between grocery giants Kroger and Albertsons, with aims to prevent what it labels a threat to consumer welfare and market... Read More
27 Feb 2024
--- McDonald’s has unveiled the “WcDonald’s” universe, complete with a new sauce, manga-inspired packaging, original episodic shorts and immersive experiences, in over 30 global markets. WcDonald’s... Read More
23 Feb 2024
--- A café operator based in Essex, UK, has spearheaded the development of a reuse system that promises simplicity and cost-effectiveness while replacing single-use cups. Alasdair Hood and his team have secured... Read More
20 Feb 2024
--- Ag-tech start-up WeedOUT announced the company has successfully secured US$ 8.1 million in A-round funding, with leading investment coming from Fulcrum Global Capital, a US agri-focused venture capital firm known for its... Read More
15 Feb 2024
--- In a strategic move, dsm-firmenich reveals it will carve out its Animal Nutrition & Health (ANH) business from the company within 2025 to increase its focus on its Perfumery & Beauty; Taste, Texture & Health... Read More
14 Feb 2024
--- DS Smith, a global provider of fiber-based packaging solutions, has signed a second consecutive five-year contract with Mondelēz International, one of the world’s leading snack companies. This exclusive agreement... Read More
13 Feb 2024
--- Danone inaugurated a new facility in Villecomtal-sur-Arros, France, developing a new production model and new skills to meet consumer demands. The site’s transformation into a plant-based production hub makes it a new... Read More
09 Feb 2024
--- Cargill is strengthening its presence in the Northeastern US market by investing in two new meat processing facilities. This investment will expand its production and distribution of supermarket case-ready beef and pork to... Read More
07 Feb 2024
--- Global bakery manufacturer and ingredient supplier Dawn Foods has acquired Royal Steensma, a family-owned bakery ingredients manufacturing company headquartered in Leeuwarden, the Netherlands. The deal closed on January 31.
07 Feb 2024
--- Ingredion Incorporated is launching a new product called Novation Indulge 2940 starch in North America. Novation Indulge 2940 is a type of corn starch that’s non-GMO and designed to give dairy and non-dairy products a... Read More
01 Feb 2024
--- Coca-Cola is stripping all labels from Sprite bottles in the UK as part of a trial aimed at simplifying recycling processes and reducing packaging materials. The pilot involves temporarily removing labels from 5,000 Sprite... Read More
29 Jan 2024
--- CJ Biomaterials’ patented polyhydroxyalkanoate (PHA) biopolymer is being utilized for South Korea’s leading convenience store chain CU’s New Today’s Chicken Noodle cup packaging. With the PHA... Read More
26 Jan 2024
--- Corbion and Kingswood Capital Management, a middle-market private equity firm with significant experience in corporate carve-outs and investments related to food and beverage, have signed a binding agreement regarding the... Read More
26 Jan 2024
--- Lallemand Bio-Ingredients’ recent acquisition of Swiss biotechnology firm Evolva for a reported CHF20 million (∼US$23 million) will enable the company to produce complex molecules from yeast for the first time.... Read More
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