1 September 2014
KKR divests stake in China Modern Dairy for $80m
US private equity firm KKR has sold its remaining stake in China Modern Dairy Holdings for an amount totalling $80m.
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1 September 2014
Arla invests €38m in new whey protein hydrolysates factory
European food processor Arla Foods Ingredients has invested €38m in setting up a new factory in Denmark to meet the increase in demand for whey protein hydrolysates.
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31 August 2014
KFC to introduce new American style dishes for UK market
In its biggest menu overhaul in the past 20 years, KFC has added a number of slow cooked pulled chicken products to its range.
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31 August 2014
Six employees of OSI Group subsidiary arrested for selling expired meat products in China
Six employees from a unit of US food supplier OSI Group have been arrested by Chinese authorities for alleged involvement in the sale of expired meat products to fast food...
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28 August 2014
Moscow court upholds Russian watchdog’s closure of McDonald’s outlets
The temporary closure of three McDonald’s outlets in Moscow owing to breaches of food safety rules has received backing from the Russian courts.
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28 August 2014
Flour Mills of Nigeria to invest in locally produced rice
Flour Mills of Nigeria (FMN) will soon invest in the production and processing of locally grown rice through the participation of local farmers and other stakeholders in the supply chain.
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27 August 2014
KKR to invest $400m in Sunner to improve quality of chicken products
Chinese chicken meat producer Fujian Sunner Development (Sunner) has signed an agreement with global investment firm KKR, where the latter will invest approximately $400m for an 18% stake in Sunner.
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27 August 2014
Fonterra to acquire 20% stake in Beingmate, expand capacity in New Zealand
New Zealand-based co-operatively owned company Fonterra is to acquire a 20% stake in Chinese infant food manufacturer Beingmate and will also invest close to $555m in expanding its milk production...
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26 August 2014
Chinese police arrest 38 for selling contaminated chicken feet
Chinese police have arrested 38 people after seizing more than 30,000 tonnes of contaminated chicken feet in provinces including the eastern province of Zhejiang.
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26 August 2014
Dole Food to invest $9m in Springfield plant expansion
US-based Dole Food is expanding its footprint in Clark County by setting up three new packaging lines and one processing line at its Springfield plant at a cost of close...