Almarai misses mark on $533m sukuk issue
Saudi dairy and poultry producer Almarai missed its US$533m sukuk target by more than US$100m last week, a reversal from previous rounds of debt-issuing, which were routinely oversubscribed.
Archives for September 21, 2015
Chinese conundrum for meat importers
China promises online sales bonanza for imported meat products, but brands warned to invest in marketing.
Investigation
Anti-dumping: Will Tate & Lyle pull the trigger on Chinese sucralose?
Concerns are mounting within China’s sweeteners industry over the risk of Chinese sucralose becoming a target for an anti-dumping investigation by the US or EU, according to industry sources.
Americana faces rumoured joint bid from Savola and Temasek
Savola has reportedly teamed up with Singapore’s Temasek to make a joint bid for Americana, but the Kuwait food giant’s board denies knowledge of any bids.
Savola and Thai Union form seafood JV, aim to net $400m in sales
Saudi’s Savola Group has formed a joint venture with Thai Union Frozen, one of the world’s largest seafood processors, to bring new seafood products to the Middle East, targeting US$400m in sales.
‘No success model’ for new protein ingredients
Novel protein ingredients face a difficult future with too many barriers to entry to make success likely – but there are brighter prospects for Quorn and some potential for insect protein in animal feed, says Giract.
EuroPack Summit 2015, Monaco, France
China beer market is declining but individualization and online purchases have risen
The beer market in China has declined recently but individualisation and people buying their beer online has risen in the country, according to Thomas Delory, global procurement team leader, Packaging S&T, Carlsberg.
Agilent partners with DKSH in Vietnam on spectroscopy equipment
DKSH has signed a distribution agreement for Agilent's spectroscopy systems in Vietnam.
Jordan poultry producer lays $21m EBRD loan
Jordanian poultry producer Al-Jazeera Agricultural Company has secured a US$21m loan from the European Bank for Reconstruction and Development to modernise its facilities.
Mazola rolls out new ‘heart of nature’ brand slogan
Oil producer Mazola has launched a new slogan – “from the heart of nature” – as part of a refresh of its brand platform, aimed at making the firm more relevant to consumers.
South Asia radius
Bombay High Court upholds food safety law to ‘remedy evil’
India’s existing food safety laws serve a “pivotal role” in securing public health, Bombay High Court has ruled in a move that gives some rare good news the country’s beleaguered food regulator.
IFC signs advisory services agreement with Stora Enso Lao
IFC, a member of the World Bank Group, has signed an advisory services agreement with Stora Enso Lao Co. to help the company improve its social risk management in Lao People's Democratic Republic.