Archives for March 8, 2016

← 2016

Domty announces $144m IPO details

By Eliot Beer

Egypt’s Domty has released details of its forthcoming initial public offering (IPO), with plans to sell 49% of the company for up to US$144m.

GCC plans Greek yoghurt expansion

By Eliot Beer

Turkish food producer Pinar plans to grow its presence in the GCC with new facilities and products, building on the high market penetration of its labneh in the region.

Oman expands food production, looks to Iran

By Eliot Beer

Oman’s AATCO opens a new factory plant in Jeddah, as OFIC releases new details about its Dhofar dairy project, and the government considers investing in Iranian agriculture.

NFPC starts Kizad factory construction

By Eliot Beer

UAE food producer NFPC has broken ground on its new 752,000m2 Kizad factory, and revealed the first phase will be dedicated to its Lacnor, Oasis and Milco beverage divisions.

Tough year for US pork ends on a high

By Oscar Rousseau

Despite struggling for most of the year, exports of US pork ended a testing year on a good note trade growing by 3% in December, according to Pork Checkoff. 

US ‘disappointment’ at lingering KSA beef ban

By Eliot Beer

US beef exporters are “bitterly disappointed” at Saudi Arabia’s continued ban of their products, even as other producers have bans lifted, according to a US Meat Export official.

UK offal exports on the rise

By Oscar Rousseau

UK levy board AHDB Beef & Lamb has said its strategy to shift from exporting carcases to offal has been rewarded, as global trade of the latter rose by 8% last year.