More than two thirds (68%) of food and drink businesses are optimistic about future growth, despite costs continuing to be a significant challenge, according to a survey by accountancy and business advisory firm Johnston Carmichael.
Recent changes in Thailand’s sustainability-linked financing rules are set to deliver a boost to the ‘Blue Finance’ sector, which is good news for firms dabbling in this area such as seafood heavyweight Thai Union.
Saputo Inc. has released its annual financial report, revealing an increase in revenue following a string of acquisitions and comments on the recent dairy tariffs in Mexico.
Bank of China New Zealand has signed an agreement with New Zealand dairy cooperative Fonterra that establishes a RMB 1.5bn (NZ$300m, US$213m) multi-currency bank facility including a Chinese currency component.
A Chinese investment management company will establish a specialist food and agriculture fund worth up to A$1bn (US$760m) in Australia to establish a vertically integrated supply chain between the countries.
Chinese food manufacturer Freshasia will open a new production facility in Little Melton, south Norfolk, creating more than 50 jobs, thanks to securing investment from a number of funders.
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.
McDonald’s Holdings Japan has revised its financial forecasts to take into account a damaging incident earlier this year, in which workers from supplier Shanghai Husi were filmed picking meat off the floor and using out-of-date beef and chicken.
Danone shares rose today as rumours strengthened the French dairy giant would sell its medical and paediatric nutrition business (Nutricia), but is the firm streamlining its activities around its core foods businesses or just shifting infant-medical...
Almarai and PepsiCo announced a joint plan to invest US$345m in projects in Egypt over the next five years, taking advantage of the growing stability in the country.
New Zealand dairy major Fonterra has raised RMB1.25bn (US$210m) through a five-year offshore “dim sum” bond issue to to repay debt and expand its operations in China.
Private equity investor India Value Fund Advisors has revealed it will invest US$40m to finance the next phase of growth of a domestic food ingredients company – the latest in a line of QSR suppliers to catch the eye of buyout firms.
Reuters has reported that Asia buyout firm Olympus Capital is leading an investor group that has injected US$50m to expand China's Huaxia Dairy Farm, which produces the raw milk that is in short supply in China's growing dairy sector.
