Emirates Reem Investments Company (ERC) has finalized its acquisition of Evergreen Plastic Products Manufacturing LLC, acquiring a 100% stake in the company for AED 44 million (approximately $12 million). Evergreen Plastic Products Manufacturing, headquartered in Dubai, embarked on its journey in 2000, specializing in the production of water and beverage packaging. …
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Hayel Saeed Anam (HSA) Group, Yemen’s largest private company, and Tetra Pak, the world’s leading foods and beverages processing and packaging company, have joined forces to support safe nutrition in schools across Yemen. The initiative was announced at a joint food security workshop co-hosted in Amman by HSA and the International Food Policy …
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Swiss multinational powerhouse Nestlé has unveiled its ambitious plan to augment production capabilities within Egypt by introducing four new production lines to its existing facilities. The strategic expansion underscores Nestlé’s commitment to meeting escalating demand while advancing sustainability initiatives in the region. In a formal announcement, Tarek Kamel, Chairman and …
Bio Food, a prominent player in Kenya’s food and beverage industry, has revealed its groundbreaking strides in sustainability with the unveiling of a new eco-conscious packaging solution for its milk bottles. The company’s commitment to reducing its environmental footprint is evident in its determination to explore sustainable alternatives across its product range. …
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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 …
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 …
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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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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 …
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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 …
