Krones spins off Evoguard valves business to boost growth
German processing machinery specialist Krones has spun-off its food and beverage valves under the Evoguard name as it targets accelerated growth in the pharmaceutical and biotech sectors.
Archives for January 24, 2014
‘Mad Men effect’ driving younger Aussies to gain a taste for whisky
Top whisky brands have been seeing a seismic market-share shift in Australia with Mad Men-watching younger drinkers quickly developing a taste for premium whisky.
Starbucks CEO excited by innovation in ‘premium, hand-crafted carbonates’
Starbucks CEO Howard Schultz has enthused about the firm’s first incursions into carbonated soft drinks, in comments that contrast sharply with the US gloom pervading a category dominated by Coke, Pepsi and Dr Pepper.
PepsiCo plans $5 bn investment in Mexico
PepsiCo Inc. has announced plans to invest $5 billion in Mexico over the next five years in an effort to strengthen the firm’s Latin American food and beverage footprint.
US bottle maker ramps up Indonesia investment
Owens-Illinois, the world's largest glass container manufacturer, will increase investment in its Jakarta plant, having already increased its production line speed and capacity to support Southeast Asian growth.