Japan’s Daiz raises $47m in plant-based funding
The company will build a 40,000-square-metre facility to produce its Miracle Meat.
23 October 2023
23 October 2023
The company will build a 40,000-square-metre facility to produce its Miracle Meat.
New boss Don Fussner is currently the company’s CFO and COO.
Mackays reported a marginal operating loss in its fiscal 2022.
Co-founder Elisabeth Galvin said the company has seen “astronomical growth” since 2021.
The meat, pastries and cheese supplier has formed a joint venture with PT Garuda Mitra Utama.
Drugs in the clinical trial pipeline have indicated weight loss comparable to bariatric surgery.
The minister of agriculture said the notification has been “withdrawn out of respect for the work” of Italy’s government.
Tjaart Kruger, the former-CEO at South Africa’s Premier Group, will become CEO on a 26-month contract.
There are well established use cases for robotics within the consumer goods and packaging industries. Both sectors have used caged industrial robots, industrial cobots, and logistics robots to automate production lines and logistics operations for some time now. Robotics do not fit as easily into the foodservice business model. Robots improve profitability in the long term but have high up-front costs, so investing in robotics is not without risks.
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