Coca-Cola to invest $2bn in India
Major American soft drinks manufacturer Coca-Cola is planning to invest $2bn in India over the next five years in order to expand its non-alcoholic ready-to-drink beverage business.
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Major American soft drinks manufacturer Coca-Cola is planning to invest $2bn in India over the next five years in order to expand its non-alcoholic ready-to-drink beverage business.
UK-based asset management company Silk Invest has announced plans to launch a €150m ($206.2m) private equity fund to invest in food processing, storage and distribution in Africa.
Brazilian beef producer Marfrig has posted a net loss of R$540m (US$308.61m) for the third quarter of fiscal 2011, compared with a loss of R$68.6m (US$39.20m) year-on-year.
American packaged foods company ConAgra Foods has agreed to acquire National Pretzel, a US-based pretzel producer, from Brookstone Holdings, as part of its strategy to expand its private-label food business.
Russian meat producer Cherkizovo has started production at three new greenfield pork sites in the regions of Tambov, Voronezh and Lipetsk in central Russia.
US-based beverage and snack company PepsiCo has acquired the leading Brazilian cookie and cracker manufacturer Brazil Mabel to strengthen its presence in Latin America's emerging markets.
Smithfield Packing, a subsidiary of US-based pork processor Smithfield Foods, plans to invest $85.5m in the expansion of its meat processing plant at Kinston, North Carolina, US.
American dairy company Dean Foods has reported a loss in its third quarter of 2011 despite increased sales, mostly due to impairment charges at its Fresh Dairy Direct business.
The consumption of food containing poppy seeds can lead to health risks, according to a new report by the European Food Safety Authority (EFSA).
Russia is set to ban imports of live pigs from Germany, starting 15 November 2011, as the antibiotic levels in the exported animals were found to be too high, according...