Canned food market in Saudi Arabia primed for growth

Canned food sales in Saudi Arabia are expected to grow at a single-digit pace during the next four years, with a limited number of companies dominating the market, claims a report by Ken Research.‘Saudi Arabia canned food market outlook to 2022’ reports that the canned foods industry in the country is driven by an increasing urban population, rising female...

Production to continue at FrieslandCampina plant in Hungary

Dutch dairy group FrieslandCampina has agreed to sell its Debrecen plant to Hungary’s Alföldi Tej for undisclosed sum. Local subsidiary FrieslandCampina Hungária Inc says Alföldi Tej will continue the production of dairy products on site without interruption and employment will be maintained.The two companies have also agreed to a toll manufacturing deal guaranteeing that the products currently produced in the...

US market to be Bonduelle’s biggest with fresh acquisition

French ready-to-eat vegetables producer Bonduelle could increase its global business dramatically with the acquisition of Ready Pac Foods, said to be the US market leader in single serve salad bowls.Best known for its canned vegetable ranges, Bonduelle has agreed to buy California-based Ready Pac Foods for an undisclosed sum.With the Bistro Bowl range, Ready Pac produces fresh-cut produce, offering...

Del Monte plans more bio-gas power for Filipino cannery

The pineapple canning plant run by Del Monte Philippines Inc (DMPI) is planning to cut its electricity consumption with the installation of more bio-gas powered generators.DMPI is investing around $1.2 million in an additional generator supplied by GE that will be powered from the gas generated in the solids in wastewater recovered from the plantations.Two GE Jenbacher generator sets...

Revolver Brewing launches its beers in cans

Owned by MillerCoors, Revolver Brewing Company in Texas is to launch a range of craft beers in cans for the first time since it was founded in 2012.Four of the Fort Worth brand’s beers will be introduced in cans initially, including Blood & Honey American Ale, Long-Range Pils, Sidewinder Southwest Pale Ale and Full-Tang Tangerine IPA and available from...

Sugary drinks tax reinstated in Chicago

A local judge in the US city of Chicago has ruled to lift a temporary ban on the controversial tax on sweetened beverages that was narrowly approved by the county board last year.Now in effect in Cook County, it makes Chicago the most populous American city to adopt the one-penny-per-ounce tax legislation, which aims to move consumers away from...

Coca-Cola to refranchise its bottling operations in China

Coca-Cola has agreed to refranchise its company-owned bottling operations in China as part of its effort to focus increasingly on building brands.It means that rather than having three bottling groups in China, the business will be franchised to COFCO Coca-Cola Beverages Limited (a subsidiary of COFCO Corporation) and Swire Beverages Holdings Limited.“This announcement marks the latest important chapter in...

Strong global growth projected for infant formula products

Demand for infant formula products, which mostly use decorated tinplate cans, is projected to grow at an annual rate of 10 percent over the next ten years, reaching a market value of US$33 billion.That’s the conclusion of a report by Future Market Insights (FMI) which also details trends and market dynamics.Higher birth rates in developing regions are expected to...

Proposed UK tax on sugary drinks hits share prices

A tax on the manufacturers of sugary soft drinks as a means of reducing childhood obesity was announced today by UK Chancellor George Osborne as part of his budget proposals. When the tax is introduced in two years time it will be on the manufacturers, rather than on the retail prices of the drinks. It is unlikely to be passed...