Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) has set up a new firm called Sawani Company to catalyse the growth of the local camel dairy sector, as part of its efforts to transform the country’s economy.
SIG Combibloc has signed an agreement to take full ownership of its Middle East & Africa joint venture SIG Combibloc Obeikan by acquiring the 50% shareholding of its partner Obeikan Investment Group (OIG) in the two JV companies.
Saudi Arabian dairy company Almarai said it is the first brand in the world to obtain a Pandemic Prepared Certification from AIB International due to its application of best practices for food safety in times of epidemics.
Saudia Dairy and Foodstuff Company (Sadafco) has launched a functional laban fruit drink in the Middle East after demoing the product in the manufacturer's home market.
Napco, which works with Nestle, Mars and Kwality ice cream, has expanded its corrugated, paper and plastic packaging manufacturing capabilities to include extrusion coating, rotogravure printing and aluminium lidding.
The CEO of Saudi Arabian food and beverage giant Al Rabie Saudi Foods tells BeverageDaily.com that the company is keen to expand beyond its powerbase in MENA to the Europe and the US.
French dairy giant Lactalis has entered the race to acquire Arab Dairy Products Company with an offer that tops all earlier bids for the Egyptian cheesemaker.
Arla Foods has tabled a non-binding bid to acquire a stake of up to 100% in Arab Dairy Products Company, the Egyptian manufacturer of Panda brand cheese.
Nestlé is working with Saudi Arabian authorities to "harmonize" infant formula prices following the launch of an investigation into alleged "synchronized" price hikes by the sector's biggest players.
Saudi Arabian authorities have warned seven domestic and international infant formula manufacturers and importers that they face severe penalties for illegally driving up the price of their products.
Müller Quaker Dairy – the joint venture between PepsiCo and German firm Müller – has set its sights on the booming US yogurt market through the launch of three products never before available in the country.
Emerging markets will be the target for continued growth Danone announced yesterday, as Asian markets contributed significantly to the company’s 15 per cent growth.
Producers must ensure packaging is more sustainable as customers remain convinced that food packing is excessive and are altering their consumption patterns as a result, warns research from Datamonitor.
Tetra Pak has claimed that its Operational Cost Reduction (OCR) programme for dairy and juice firms cuts the cost of running a packaging line by an average of 12 per cent.
A boycott across the Middle East on dairy products made by
Denmark's Arla Foods has hit the group's profits in the first of
half of the year, it has announced.
Arla Foods has said the boycott on its products in the key Middle
East dairy market was slowly lifting, thanks to its dominance in
certain areas of the Middle East dairy market.
Nestlé, the world's biggest food firm, has taken out adverts in
Saudi Arabia to refute rumours that two of its dairy products are
Danish, as unlucky Arla Foods continues to suffer from 'those
cartoons'.
Arla Foods said its future on the key Middle East dairy market was
in jeopardy, after the group stopped production for the area amid a
widescale boycott on Danish products by Muslim consumers.
A new Danish milk-based snack has been launched in Saudi Arabia.
The product, called Hayya, is aimed to provide kids with a
healthier alternative to chocolate.
After a year of deliberating the five major players in the
fragmented Saudi Arabia dairy industry have decided to opt for the
safety of a merger, reports the BBC this week.
