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Sedamyl Signals Growth Ambitions With £80 Million Expansion of Yorkshire Plant
Italian-owned agribusiness Sedamyl has announced major plans to expand its Yorkshire plant which will see it double production, create additional jobs, add new product lines, and provide an increased market for wheat grown by local farmers, in line with its sustainability objectives. The development comes a decade after the firm first acquired the redundant former…
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Heineken to Cut 8,000 Jobs
Net revenue declined by 11.9% organically to €19.72 billion at Heineken in 2020 as consolidated beer volume fell by 8.1%. Group operating profit (beia) dropped by 35.6% to €2.42 billion on an organic basis and the margin contracted by 455 bps to 12.3%.
More than 90% of the organic operating profit (beia) decline was driven by…
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£15 Million Investment at Bournville to Create a New Production Line For Cadbury Dairy Milk Tablets
Mondelēz International, makers of the UK’s favourite treats including Cadbury Dairy Milk, BelVita, Maynard’s Bassetts and OREO, has announced plans to invest £15 million into its Bournville site, the heart and home of Cadbury.The investment will include £11 million to create a new, line of the future for Cadbury Dairy Milk tablets as the company…
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Jameson Delivers Record Volume Growth in Key Markets
Irish Distillers, producer of some of the world’s most well-known and successful Irish whiskeys headed by the Jameson brand, has announced results for the first half of its financial year ended 31 December 2020. The results demonstrate Jameson’s resilience, with sales growth of 3% globally.
Jameson recorded volume growth in key markets including the UK (+12%),…
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19 Acquisitions Over $1 Billion in 2020
Of the record 831 food and drink transactions registered on the Zenith Global mergers and acquisitions database for 2020, 19 involved sums of $1,000 million or more. This is down from the 24 noted in 2019 and the lowest number in recent years.
The $60 billion combined value of the top 10 was below…
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Britvic Recognised as One of Top Global Companies Working With Suppliers to Tackle Climate Change
Britvic has been recognised for the actions it is taking to understand and tackle climate change, work that has seen it engage with more than 300 of its suppliers around the world. In a recent CDP report, the company is recognised as a Supplier Engagement Leader and ranked in the top 7% of international companies…
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The Top 5 Technologies Transforming Food and Agriculture in the Next Decade
It is harder than ever before to be a food or agriculture company. Smaller competitors are using digital tools, novel channels to gain market access, and other innovations to gain share, shaking up the entire agrifood value chain. To help guide innovation in this space, Lux Research released its annual report, “
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