WORLD NEWS
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Valio fully exits Russia with sale of business operation to Velkom Group
FINLAND – Finnish manufacturer of dairy products Valio is set to sell its Russian operations to Velkom Group as part of plans to fully exit…
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Argentina projects a dip in wheat crop production in central producing region
ARGENTINA – Wheat production could fall 25% in Argentina’s central producing region during the 2022/23 season, due to dry weather and creeping costs, according to…
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Unilever sets industry example with pledge to stop marketing food and beverages to children under 16 years
UK – British multinational consumer goods company Unilever has set a new industry example with a pledge to stop marketing food and beverages to children…
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Mars Wrigley strengthens R&D capabilities with US$40m investment in US innovation hub
USA – American multinational confectioner Mars Wrigley is strengthening its research and development (R&D) capabilities with a US$40 million investment in a new innovation hub.…
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Mondelēz International to acquire Mexican confectioner Ricolino for US$1.3B
MEXICO – American multinational confectionery company Mondelēz International is set to acquire mexican confectioner Ricolion from Grupo Bimbo for approximately US$1.3 billion. With approximately US$500…