The collaboration between the two companies will open up new possibilities for food manufacturers in various food applications including meat, cheese, batters and breadings.
Effective in selected in Asia Pacific (APAC) markets, the partnership will serve to help RS address the gap in their pneumatics offering and Festo in expanding their APAC presence.
Malnutrition, including both undernutrition and overnutrition, is not an issue that can be tackled by any party on its own. Instead, it requires a concerted effort from various stakeholders to deliver the message and as it turns out, investing in such initiatives make business sense as well. By Ada Wong, head of public affairs and communications, Asia, FrieslandCampina
General Atlantic’s first investment in Indonesia, much is expected of this partnership with the country’s large potential for opportunities and growth.
The two companies will work together for the production and marketing of furandicarboxylic acid (FDCA) and polyethylenefuranoate (PEF), new materials that improve food packaging films and plastic bottles.
301 INC, the business development and venturing unit within General Mills, announced a new strategy focused on building partnerships with emerging food brands to create innovation in the food space.
Cornell University and Yili Industrial Group has signed a research agreement. Under the agreement, Yili Group will fund the development of novel cheese products aimed at the Chinese market.
Olam expects to record a net cash inflow of US$167.5 million and an addition to reserves of US$80.8 million when the transaction completes.