Investment

Murray Goulburn, which produces the Devondale brand, says Saputo will address ACCC comments by divesting the Koroit plant to allow the takeover of Murray Goulburn to continue.

Saputo will sell plant to address ACCC concerns

By Jim Cornall

Following the Australian Competition and Consumer Commission’s (ACCC) comments over a potential lack of competition should Saputo’s purchase of Murray Goulburn go ahead, the Canadian company has said it will sell the plant in question so its takeover...

Privately-owned Cargill said the plant would produce its piglet feed Neopigg

News in brief

Cargill invests in Chinese pig nutrition plant

By Aidan Fortune

Cargill is to grow its young animal nutrition capability by investing more than US$15 million (m) to add a piglet feed production line at its existing premix and nutrition facility in Tianjin, China.

Alliance Group, one of New Zealand's largest meat processors, said it could offer better prices to livestock farmers

Alliance Group doubles profit

By Aidan Fortune

New Zealand farmers’ co-operative Alliance Group has reported a doubling of operating profit last year.

Keventer raises $25m to fund expansion

India

Keventer raises $25m to fund expansion

By RJ Whitehead

Kolkata-based dairy, fruit and grocery major Keventer Agro has raised US$25m in capital from Indian private equity firm Mandala Capital to fund its expansion in agro-food processing in eastern India. 

FDI in Indian food processing netted 43% growth last fiscal

South Asia radius

FDI in Indian food processing netted 43% growth last fiscal

By RJ Whitehead

India has already attracted over US$180m in foreign direct investment in the new fiscal year, and has been witnessing growing interest from foreign food companies, according to the food processing minister, Harsimrat Kaur Badal.

US investment firm called the Masan Group a 'world-class partner'

Vietnam meat firm enhanced by cash injection

By Oscar Rousseau

Vietnam-based Masan Group Corporation’s meat subsidiary is set to see a cash injection of $250 million (m) after US investment firm KKR acquired a minority share in the business.

Food processing minister resumes crusade to charm foreign investors

South Asia radius

Food processing minister resumes crusade to charm foreign investors

By RJ Whitehead

India’s food processing minster has returned home after a trade tour to Japan, where she met executives of close to a dozen food companies in a bid to attract them to invest in production in India—at a time when few others are following that route.

Australia's Northern Territory covers about one sixth of the country and is a key cattle hub

Australia welcomes major Vietnamese beef investment

By Helen Clark

Meat & Livestock Australia (MLA) has welcomed the first large-scale Vietnamese agricultural investment in the country – the purchase of an AU$18 million ($13.6m) cattle station by An Vien Pastoral Holding and Agriculture Company in the Northern Territory.

Saudi PIF acquires half of Adeptio soon after Americana sale

Saudi PIF acquires half of Adeptio soon after Americana sale

By RJ Whitehead

Saudi Arabia’s sovereign wealth fund has made a rare foray into into the food industry after concluding a deal to buy half of Adeptio Holdings, which recently acquired a 67% stake in Kuwait Food Co., otherwise known as Americana.

Measures announced to boost India’s sagging cold chain

Measures announced to boost India’s sagging cold chain

By RJ Whitehead

The government will soon introduce a scheme to develop crop-specific infrastructure that is designed enable farmers to become entrepreneurs and start their own food-processing or cold-chain transportation businesses.

Silver Fern Farms said investment from Shanghai Maling would bolster long-term growth

China’s stake in Silver Fern Farms approved

By Oscar Rousseau

The New Zealand government has given the go-ahead for Chinese food operator Shanghai Maling to buy a 50% stake in meat processor Silver Fern Farms for $261 million.

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