PepsiCo invests $40 million cash injection in Ethiopia

PepsiCo to finalise an investment proposal of approximately USD 40 million(ETB 2 billion) to expand its Senselet snacks business in Ethiopia, and is considering the possibility of further investments in the country to expand the company’s portfolio beyond snacks.   Senselet is a wholly owned PepsiCo subsidiarythat produces chips under the brand name SUN Chips. …

Almarai donates food baskets to 11 charities in various areas

Almarai Company has announced its support to 11 charitable societies in various regions of Saudi Arabia, during the last two weeks of December, with food baskets, as part of its corporate social responsibility program.   The charities included the liajlehum Association for Disability in Riyadh, Support Services Unit for Persons with Disabilities in AlAhsa, Dar …

Ocean and Ball Beverages promote energy drinks in sustainable aluminium cans

Ocean Beverages has now released O’cean Energy Drink Sustainable Edition in partnership with Ball Corporation with a goal to collect and recycle every consumed.   Ocean Beverages had earlier announced its partnetship with Ball Beverages in 2021, to create a green and sustainable product to help reduce the environmental footprint.   The company stated, “Together …

SIG invests in new recycling technology for aseptic cartons

SIG has announced a BRL 10 million investment in innovative recycling technology that will enable polymers and aluminium from used aseptic carton packs to be recovered and sold separately for the first time on an industrial scale in Brazil.   By expanding the range of applications for recycled materials from used aseptic cartons, SIG expects …

Siegwerk submits to Science Based Targets initiative

Siegwerk, one of the leading global providers of printing inks and coatings for packaging applications and labels, has signed the commitment letter for the Science Based Targets initiative (SBTi), and is the only major inks manufacturer to do so to date.   The SBTi calls on companies to demonstrate their commitments to mitigating climate change …

Agthia Group appoints Sherif Elfaham as CFO

Agthia Group PJSC, one of the region’s leading food & beverage companies, has announced the appointment of Sherif Elfaham as Group Chief Financial Officer, effective 1 January 2023.   Sherif brings strong strategic, commercial, and operational experience across a range of consumer-facing businesses, having spent over 20 years with Unilever in the UK, North Africa, …

Notpla wins Earthshot Prize for its packaging

Notpla has been announced as the winner of the prestigious environmental award, The Earthshot Prize.   Founded in 2020 by His Royal Highness, Prince William, and the Royal Foundation, the Earthshot Prize aims to find innovative solutions that can repair the planet by 2030. Recognised for their inspiring efforts to create a fully sustainable and …