ISRAEL: Industry invests in overseas expansion
In 2005, Israeli food companies invested US$200m in establishing overseas, according to Roni Kobrovsky, chairman of the food division at the Manufacturers Association of Israel.
Israeli food companies invested US$100m setting up new production and increasing investment in leading international food companies, "in an attempt to gain access to additional markets," he said
Kobrovsky told just-food that Tnuva, Israel's largest food processor and distributor, is investing US$66m in Romania. The company is examining options for other Eastern European investments.
Israel's export of food in 2005 rose by 14% or US$683m. Of this, exports to the EU rose by 13.8% to US$302m, and to the US exports rose by 26% to US$85m.
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Nestle Q1 update: four things to learn
- Opinion: Big Food needs to think radically
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Tyson to buy burger-to-entree firm AdvancePierre
- Tyson shops Sara Lee bakery, Kettle and Van's
- TreeHouse Foods sells soup, baby food units