WORLD NEWS
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Diageo to expand tequila production capacity with US$500m investment in new facilities in Mexico
MEXICO – British multinational brewing company Diageo is investing about US$500 million in expanding its tequila production in Mexico amid surging demand for the Mexican alcoholic drink. According to…
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AmBev steps closer to 2025 sustainability goal with launch of first carbon neutral brewery in Brazil
BRAZIL – AmBev, Brazil’s largest brewing company and part of global brewer AB InBev, has unveiled its first brewing and malting facility in Brazil. Located in…
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Ocado invests in autonomous driving, Instacart expands e-commerce capabilities with acquisition of FoodStorm
UK – UK-based grocery solutions and logistics business Ocado has invested £10 million ($13.6 million) in self-driving technology startup Wayve to spur the development of autonomous…
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Tyson Foods invests US$61m to expand fully cooked chicken production facility in Mississippi
USA – American multinational food corporation Tyson Foods is investing US$61 million into its fully cooked chicken production facility in Vicksburg, Mississippi as part of…
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International Flavour & Fragrances CEO Andreas Fibig to retire after 7 years at the helm
USA – International Flavors & Fragrances Chairman and CEO Andreas Fibig has announced that he will retire, ending his successful 7-year stint at the company which is now the…