Luxury tea brand JING Tea has launched two key initiatives to support the hospitality industry in the United Arab Emirates (UAE) as part of its commitment to delivering high-quality, responsibly sourced teas. The brand’s teas are now certified Carbon Neutral, and they offer all teas in loose-leaf formats, reducing packaging and delivering an …
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Cairo, May 30, 2023 – Edita Food Industries S.A.E. (EFID.CA on the Egyptian Exchange & EFID.L on the London Stock Exchange), a prominent player in the Egyptian packaged snack food market, has announced its entry into the frozen bakery segment in Egypt through the acquisition of Fancy Foods. The deal, valued at EGP …
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Almarai Company, the leading dairy producer in Saudi Arabia, has announced a 7.06% increase in net profit for the second quarter of 2023. The company’s net profit reached 557.08 million Saudi riyals ($148.45 million), compared to 520.36 million riyals in the same period last year. The growth in profit can be attributed …
Billerud, a prominent sustainable fiber-based packaging materials company, has recently announced its decision to divest Managed Packaging, a business unit that offers packaging solutions to global brand owners. The company has reached an agreement with Mimir Group, a specialist investment firm focused on acquiring divisions, business units, and product areas from large corporations and government …
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The Coca-Cola Company, in collaboration with eight global bottling partners, has announced the establishment of a new venture capital fund dedicated to sustainability investments. The Greycroft Coca-Cola System Sustainability Fund, managed by Greycroft, a seed-to-growth venture capital firm, marks a significant milestone for the company and its partners. The fund, with a …
Dantex Group, a leading provider of digital print technology for the packaging industry, has announced a strategic distributor partnership with Kamboo Marketing, a renowned supplier of equipment and consumables based in South Africa. This collaboration signifies a major expansion for Dantex in the South African market and aims to bring state-of-the-art digital print solutions to …
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Uganda’s beverage industry is leading the way in establishing a Producer Responsibility Organisation (PRO) to self-regulate post-consumer polyethylene terephthalate (PET) recycling. In a groundbreaking move, Coca-Cola Beverages Uganda (CCBU), Mukwano Industries, Harris International, Uganda Breweries Limited, and Crown Beverages (Pepsi) have signed a letter of intent, demonstrating their commitment to creating a sustainable and circular …
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In a joint endeavor led by the Egyptian Ministry of Environment and the Arab Bureau for Youth and Environment, Egypt is set to launch a national campaign called “No to Plastic” during the last week of July 2023. The campaign, under the auspices of Dr. Yasmine Fouad, Minister of Environment, aims to raise awareness …
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Smurfit Kappa, a leading provider of packaging solutions, has celebrated the inauguration of its new integrated corrugated plant in Rabat, marking the company’s first venture into North Africa. The strategic move comes after Smurfit Kappa invested approximately €4.7 billion over the past five years to support its customers and capitalize on long-term growth drivers. …
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Nigeria’s President Bola Tinubu has taken measures to reduce business costs in Africa’s largest economy by suspending a recently introduced 10% tax on single-use plastics and excise duty on certain locally manufactured products. This decision was announced by Tinubu’s spokesman, Dele Alake, on Thursday, according to reliable sources. Nigeria has been identified …
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