02 October 2023
02 October 2023
Danish Crown’s Henrik Andersen on the future of robotics in the meat processing industry – and why the group is investing heavily.
The data provider for the US protein industry said it will “vigorously defend” the case.
The two major Dutch food retailers have joined separate alliances.
The Boulder Canyon maker has sold a plant in Indiana and has put two others – one in Louisiana and one in Alabama – on the block.
The transaction, set to close in the fourth quarter, is valued at $103m.
It is suggested other investors could be brought in to take the money raised to $500m
The move will see the plant become the sole producer of the Galak and Milkybar white chocolate brands for markets in Europe.
The group plans to increase tomato production by 25%.
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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.
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