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 …
Continue reading “Edita Expands into Frozen Bakery Segment with Acquisition of Fancy Foods”
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 …
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 …
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 …
Continue reading “Uganda’s Beverage Industry Spearheads PET Plastic Recycling Efforts”
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 …
Continue reading “Nigeria’s President Tinubu Suspends Plastic Tax to Support Business Growth”
Tetra Pak, is expanding its services to enhance efficiency and reduce food losses in the food and beverage production process. Acknowledging the broader challenges faced by the food supply chain, Tetra Pak aims to tackle the global issue of food loss, which amounts to approximately 14 percent of the world’s food, valued at …
Continue reading “Tetra Pak Reduces Food Waste and Losses by Accelerating Production Services”
IFFCO Group, based in the UAE, plans to boost its condiments production capacity by deploying Sidel’s PET lines in the UAE and establishing a new facility in Iraq. Entrusting Sidel with the turnkey project, IFFCO Group aims to achieve maximum efficiency. Andrey Dribny, CEO of IFFCO Group said, “This will be the first factory …
Seven-Up Bottling Co. Ltd, one of Nigeria’s largest manufacturing concerns, is making significant advancements in its bottling operations with the support of SACMI, a long-standing partner. Seven-Up Bottling Co. Ltd has a rich history dating back to Nigeria’s independence in 1960 and has remained committed to using the best available technology to package …
Consumer electronics brand TCL has announced its commitment to increasing the use of sustainable packaging for its products as part of its larger goal to achieve carbon neutrality. The company unveiled its “Carbon Neutrality White Paper” at the 2023 TCL Global Ecosystem Partner Conference, outlining its plans for a greener economy. With last …
Dow, the global materials science company, has announced a collaboration with Procter & Gamble China (P&G China) to introduce an air capsule e-commerce packaging solution. This innovative packaging, which combines P&G China’s expertise with Dow’s materials, aims to provide an effective and efficient way to protect products during transportation while minimizing excessive packaging and …
