Investments, M&A & Funding
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CPB earmarks US$42.4M to purchase cereal grains from local farmers
TANZANIA – The Cereals and Other Produce Board of Tanzania (CPB) has allocated Sh100 billion (US$ 42.4M) for the purchase of strategic cereal crops from…
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Bayer foresees dismal 2023 results amid inflation and deflated prices, invests US$65m in Ukraine operations
GERMANY- Drug and pesticide maker Bayer estimates that its 2023 results will likely come in at the lower end of its targeted range, jeopardized by…
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LSDH Group builds US$34m soy plant in France using Bühler dry processing technology
FRANCE- French family-run beverage producer LSDH Group has invested US$34.86 million in a new soy plant utilizing state-of-the-art dry processing technology from Bühler. “We knew there were…
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Nestlé Purina Brazil goes against the current with new wet pet food plant
BRAZIL- Nestlé Purina Brazil, one of the top pet food players in the country, has opened a new wet pet food production facility in Florestal,…
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DSM completes merger with Firmenich, launches premixes facility in Kansas to bolster pet food production
NETHERLANDS- DSM and Firmenich have finally completed their ‘merger of equals’ and appointed Dimitri de Vreeze as CEO of the enlarged business company, DSM-Firmenich, to…