Anheuser-Busch InBev appoints new chief for North America

World-leading brewer by volume, Anheuser-Busch InBev has appointed Michel Doukeris as president of its North America operations, replacing the outgoing João Castro Neves.Doukeris currently serves as chief sales officer and will begin his new role in 2018.Carlos Brito, chief executive of AB-InBev, said: “The US is our most important market and we recognise the need to continue to focus...

Nestlé to double dairy capacity in Mexico

Nestlé Mexico is to invest 100 million pesos (US$5.25m) in its Lácteos Lagos de Moreno factory in a plan to double its milk capacity in the region.The dairy products producer is to install six unloading bays with a reception capacity of up to 3.6 million litres of milk per day, directly benefiting 450 milk producers and 40 transport...

DanoneWave to invest in plant-based milk plant

Some $60 million is being invested by DanoneWave in its plant-based milk production operation in Virginia, USA.DanoneWave, which comprises Danone and WhiteWave Foods, says that the investment will expand production capacity, warehouse space and create up to 50 new jobs within the local area.Dan Poland, chief supply chain officer for DanoneWave, said: “Our success as a business is integrally...

Coca-Cola’s $1.7bn fruit investment in India

As part of its ‘Fruit Circular Economy’ strategy, Coca-Cola India is planning to invest US$1.7 billion in the domestic market over the next five years as it aims to strengthen the local and regional demand for locally-grown fruit across the country.Coca-Cola will source Indian fruits such as guava, dasheri mango, kesar mango and sweet lemons and then process them...

Fonterra enters into joint venture with US dairy firms

New Zealand’s Fonterra Co-operative Group is joining US dairy co-operative Tillamook County Creamery Association (TCCA) and dairy producer Threemile Canyon Farms as equal shareholders in an Oregon-based whey protein concentrate and lactose manufacturer, Columbia River Technologies.Originally founded in 2013 as a joint venture between TCCA and Threemile Canyon Farms, Columbia River Technologies has been producing whey protein products for...

San Miguel to merge alcohol and food units

San Miguel is to merge its Filipino beer and spirits business units into its Pure Foods division in a bid to attract investors in the company.San Miguel Brewery and Ginebra San Miguel will merge into San Miguel Pure Foods and will be listed as San Miguel Food and Beverage on the Philippines stock exchange through a share-swap transaction worth...

US sales slide hits Kraft Heinz results

A “challenging retail market” in the US in the third quarter hit sales of condiments and sauces at Kraft Heinz, but net profits continued to improve as costs are pruned.Globally, sales were US$6.31 billion, up by 0.7 percent on the same quarter last year, while net profit was up by 12 percent at $944 million.While sales in Europe were...

Coca-Cola completes bottling refranchising in the US

Coca-Cola has completed the refranchising of its bottling operations in the US as part of a restructuring of its business model as a franchise leader rather than a franchise owner.With the sale of the bottling plants that were acquired from nearly a decade ago the company has returned to its original structure as a marketing and franchising firm with...

Refranchising programme in US starts to pay off for Coca-Cola

As Coca-Cola approaches the completion of refranchising its bottling operations in North America, the positive impact of its strategy was highlighted in its third-quarter results.While global sales in the quarter were US$9.08 billion, down 15 percent, net profit was $1.45bn, up by 38 percent, compared with the same quarter last year.Nearly 80 percent the volume held in the US...

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