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UK- ADM is taking significant steps to invest in its Ag Services and Oilseeds sector, as shared by Juan R. Luciano, the chairman, president, and chief executive officer of the US-based company. Luciano provided insights during a presentation at the JP Morgan US All Stars Conference in London on September 18, stating that in the grain area, there is a…
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USA- Hill’s Pet Nutrition, an American pet food company, participated in Otto’s Series B funding round (formerly known as TeleVet), in which Nicki Baty, the President and General Manager of Hill’s Pet Nutrition US, will become a board observer. Otto raised US$43 million through the Series B funding round. In addition to Hill’s Pet Nutrition, Mercury Fund and Boehringer Ingelheim…
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USA – Grain Processing Corp. (GPC), a member of the KENT Corp. group of companies based in Muscatine, Iowa, has acquired a flour manufacturing and warehouse facility located in Oskaloosa, Iowa. GPC’s primary products include high-purity alcohols, corn starches, maltodextrins, and corn syrup solids. The company also has soy and chickpea milling operations in Grinnell, Iowa. According to the company,…
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INDIA- Allana Group, one of India’s leading exporters of branded processed food products & agri commodities, recently announced a US$2.4 million investment to set up what could be Asia’s largest pet food facility in India. Presently, the company exports to more than 80 countries across diverse regions such as the Middle East, Europe, North America, Africa, and Australia. Allana now…
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USA- The Feed the Future Innovation Lab for Legume Systems Research, under the leadership of Michigan State University, has secured a five-year funding extension that also encompasses the expansion of the program into new geographical regions. Currently active in West and Southern Africa, the program will now broaden its presence into the Great Lakes/East Africa and Central America/Caribbean regions, with…
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INDIA- PepsiCo is currently in the process of a new constructing Lay’s potato chip production plant in India, with an estimated investment of US$95 million. This new factory is situated in Nalbari, in the northeastern region of Assam, covering an area of 44 acres, and is slated to commence operations in 2025. As part of this project, around 500 jobs…
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UAE- Berg + Schmidt – Animal Nutrition, a Germany-based company that provides feed additives and customer support, has opened a new subsidiary in Dubai. Berg+Schmidt has over 60 years of raw materials expertise in oils and fats, gathering experience that has made it a highly competent supplier of essential substances to the feed industry. So far, the animal nutrition expert…
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USA- Hillenbrand Inc., a diversified industrial company, has acquired Schenck Process Food and Performance Materials (FPM) for an enterprise value of approximately US$730 million. Hillenbrand provides highly engineered, mission-critical processing equipment and solutions to customers in over 100 countries around the world, and its portfolio is composed of leading industrial brands serving large end markets, including durable plastics, food, and…
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BRAZIL- US agricultural trading company Cargill has submitted a binding offer to acquire three soy crushing plants and four warehouses in Brazil from Granol, a privately owned soy crusher. According to Cargill, the transaction involves Granol soy and biodiesel crush plants in the cities of Anápolis, Porto Nacional and Cachoeira do Sul, in addition to four warehouses in the states…
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USA-Anchor Ingredients, a premier specialty ingredients supplier to the food and pet food industries worldwide, has acquired a grain handling facility in Hatton, North Dakota, US, as part of an auction. The grain storage facility has close to 700,000 bushels of storage with drying capabilities and the strategic move underlines Anchor Ingredients’ dedication to enhancing and guaranteeing its supply chain…
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