WORLD NEWS
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Symrise acquires minority stake in Bonumose to accelerate growth in sugar reduction solutions
USA – German purveyor of flavours and fragrances Symrise has acquired a minority stake in US-based sugar alternative manufacturer, Bonumose in an attempt to gain a…
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Kraft Heinz invests US$400m in building automated consumer packaged goods distribution center in Illinois
USA – Kraft Heinz, the fifth-largest food, and beverage company in the world, has allocated more than US$400m to build a new automated consumer packaged…
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Coca-Cola launches dedicated alcohol subsidiary in USA
USA – Multinational beverage giant, Coca-Cola, has established an alcohol subsidiary called Red Tree Beverages, dedicated to the production and distribution of alcoholic beverages. The…
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Russia impounds Danone, Carlsberg operations
MOSCOW -Russia has taken control of the Russian subsidiaries of yoghurt maker Danone and beer company Carlsberg putting them under the country’s temporary management. Moscow…
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Nestle invests US$108.9M to set up its 10th factory in India
INDIA – Nestlé, Swiss multinational food, and drink conglomerate corporation, has revealed its plans to invest US$108.9m to set up a new food processing unit…