21 September 2023
21 September 2023
The South African poultry business was already feeling the impact of power and water shortages and increased feed costs.
Production will move from the City of Industry site to a plant in Amarillo, Texas.
The walkout is linked to a dispute over pay.
The business was seized by the Kremlin in July.
The company is consulting with employees at the factory in Lenzburg.
At present, the Israeli plant-based meat supplier principally sells into foodservice.
A2 claims Synlait’s performance has been below par.
Food and non-alcoholic beverage inflation slowed to 13.6% in August.
Capture inbound enquiries from sector-specific, high-intent buyers who are actively seeking your products and services through Buyer’s Guides.
Per GlobalData estimates, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary were identified as high-potential countries, primarily due to the large size of their food industries, their high projected value growth rates, and their rising per capita expenditure.
Give your business an edge with our leading industry insights.
