Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Saudi Arabia's Almarai acquires Riyadh-based Premier Foods

5 Feb 2019

Saudi Arabia's Almarai, a leading player in the food and drinks industry in the Middle East, has reached an agreement to acquire a local meat products maker. 

Almarai offloads stake in United Farmers Holding

3 Jan 2019

Almarai, one of the largest food and drink companies in the Middle East, has sold its share in a venture producing grains.

Egyptian dairy company Beyti attracts EBRD funding

15 Aug 2018

Egyptian dairy business Beyti is to get a US$44m loan from the European development bank EBRD to fund new investments and refinance debt.

Almarai price rise sparks calls for boycott

5 Jul 2018

Almarai has become the latest food major operating in the Middle East and north Africa to face a boycott after the Saudi Arabia-based firm's local price hike on milk angered consumers.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

PepsiCo dairy JV Beyti nears EBRD backing

20 Nov 2017

Beyti, an Egypt-based dairy and juice business owned by PepsiCo and Saudi Arabian food group Almarai, looks set to receive support from the European Bank for Reconstruction and Development to finance its expansion.

Almarai Q2 revenue falls as "tough" conditions persist

25 Jul 2017

Almarai, the Saudi Arabia-based dairy and poultry group, saw revenue decrease during the second quarter due to lower exports and a deterioration in consumer sentiment.

Almarai sales, earnings rise in 2016

17 Jan 2017

Almarai, the Saudi Arabia-based dairy-to-poultry group, has reported higher sales and profits in 2016.

Almarai reports bakery boost as poultry sales nosedive

10 Oct 2016

Almarai, the Saudi Arabia-based group, has booked rising sales and earnings for the first nine months of the year, although the company's sales growth slowed in the third quarter.

National Foods Products Co. 'abandons sale' 

23 Jun 2016

The owners of the UAE's National Foods Products Co. (NFPC) have reportedly abandoned negotiations over the potential sale of a majority stake in the Abu Dhabi-based dairy group. 

Almarai confirms interest in National Food Products Co.

18 Apr 2016

Saudi Arabian dairy firm Almarai has confirmed it is interested in acquiring a "controlling stake" in the UAE's National Food Products Co. (NFPC). 

Almarai posts higher Q1 sales, profits

11 Apr 2016

Saudi Arabian dairy giant Almarai has reported a rise in sales and profits for the first quarter of the year.

Almarai posts jump in FY profits

18 Jan 2016

Saudi Arabian dairy firm Almarai has reported a jump in annual profits.

Almarai 'eyeing stake in UAE's National Food Products Co.'

15 Dec 2015

Saudi Arabian food group Almarai is reportedly one of the companies eyeing a majority stake in the UAE's National Food Products Co.

Almarai Q3 sales and profits up

9 Oct 2015

Saudi Arabian food company Almarai has announced a healthy set of third-quarter results, with net income up by over 10% and a sales increase of nearly 8%.

Almarai posts 6M jump in sales, profits

6 Jul 2015

Saudi Arabian food group Almarai has reported a jump in sales and profits for the first half of the year.

Almarai agrees US$210m settlement over bakery fire

29 Jun 2015

Saudi Arabian dairy firm Almarai has agreed a SAR790m (US$210m) payout with its insurers following the fire at its bakery facility in Jeddah.

Food industry quotes of the week: Hormel, FSA, Arla

29 May 2015

This week, Hormel Foods announced it was acquiring US natural and organic meat processor, Applegate Farms. In the UK, scrutiny over campylobacter continued with the Food Standards Agency revealed 73% of shop-bought chickens are contaminated with the food poisoning bug. Here is the week in quotes.

Almarai approves US$5.6bn capex plan

26 May 2015

Saudi Arabian dairy firm Almarai's board of directors has approved a capital investment plan for SAR21bn (US$5.6bn) over the next five years.

Almarai books higher Q1 profits

7 Apr 2015

Saudi Arabia-based food and drinks group Almarai has reported a 12% increase in first-quarter profits.

Almarai "eyes acquisitions in Egypt"

31 Mar 2015

Saudi Arabian food group Almarai is reportedly looking at acquiring Egyptian confectioner Rashidi El-Mizan and dairy firm Dina Farms as part of plans to pump US$500m into the expansion of its business in Egypt.

Almarai COO Georges Schorderet named CEO

3 Feb 2015

Saudi food group Almarai has appointed COO Georges Schorderet as its new chief executive.

Almarai posts jump in FY profits

20 Jan 2015

Saudi Arabian dairy firm Almarai has reported a jump in full-year profits.

2014 in review: the year's most-read briefing articles

19 Dec 2014

just-food's management briefings see the team provide an in-depth look at a key issue or market affecting our readers in the industry. This year, the briefings included a deep dive into the confectionery sector, a spotlight on Vietnam and analysis of the development of the dairy industry in India.

Almarai bakery plant damaged by fire

13 Oct 2014

A fire has caused "significant damage" to a bakery plant in Saudi Arabia owned by local food group Almarai.

Almarai profits up on higher sales

13 Oct 2014

Saudi food group Almarai has reported a 10% rise in profits for the first nine months of 2014.

BRICs and beyond: Eyeing Egypt: Why firms are queueing up to invest

10 Jul 2014

A new president and a revised investor law for Egypt appears to be restoring business confidence. Last month three food and beverage giants announced plans to invest in expanding operations in the country. But with a growing population and high levels of unemployment, plus a cut in fuel subsidies that could put pressure on the average citizen's pocket, is now really the right time to be eyeing Egypt? Hannah Abdulla explores.

Editor's choice: the highlights on just-food last week

30 Jun 2014

Sugar is firmly at the centre of the diet and health debate in the UK - and this week we reflected on recommendations from government advisers to lower the guidance on how much of the ingredient should be consumed. Elsewhere, we analysed General Mills' annual results and where the US food giant goes from here, shone the spotlight on China's slowing biscuit market and looked at why more companies are putting more of their sustainability efforts into their supply chains.

EGYPT: Nestle opens confectionery plant

24 Jun 2014

Nestle has opened its first confectionery plant in Egypt as it looks to tap into the "rapid" growth of the country's snack market.

EGYPT: Almarai, PepsiCo JV plans Egypt expansion

23 Jun 2014

The venture between Saudi Arabian group Almarai and PepsiCo is lining up further investment in Egypt.


Forgot your password?