Archives for August 23, 2016

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India: Punjab planning 'state-of-the-art' pork facility

By Oscar Rousseau

The government of India’s semi-autonomous Punjab region is planning to build the country’s most advanced pig-processing facility as India’s consumption of pork and reliance on meat imports both continue to rise.

EU food and drink production rises in Q1 2016

By Niamh Michail

Food and drink production in Europe increased by a modest 0.5% in Q1 2016, bucking the downward trend of the previous quarter, according to data from industry group, FoodDrinkEurope.

UAE sends food worth $4bn to landfills each year

By RJ Whitehead

Homes and restaurants in the UAE toss out food worth an estimated AED14.7bn (US$4bn) each year, according to the Emirates Environmental Group. The waste is then dumped in the country’s landfills where capacity is shrinking.

Mezzan buys majority stake in Saudi’s Al Safi for $24m

By RJ Whitehead

One of the Gulf’s biggest food and beverage companies has completed the acquisition of 70% of Al Safi Food, effectively granting it a local platform to manufacture and distribute food and beverage products in the Kingdom. 

Americana saga ends after Alabbar’s Adeptio pulls out

By RJ Whitehead

The on-again-off-again sale of a majority stake in Kuwait Food Co, otherwise known as Americana, to a Gulf-based consortium has been scrapped by the Al Kharafi family, bringing to an end months of negotiations over a deal worth billions of dollars.