Bunge Limited, a global agribusiness and food company, announced Wednesday that its unit Koninklijke Bunge B.V. has signed definitive agreements with Bahri Dry Bulk Co. or BDB, a unit of Saudi Arabia-based Bahri Group.
The companies will form a joint venture to establish an ocean freight supplier for dry bulk import and export flows in and out of the Middle East region. Financial terms of the agreements were not disclosed.
The JV, which will operate under the name Bunge Bahri Dry Bulk Ltd., will provide exclusive freight transportation services to regional and other international customers.
The JV, which will be financed pro rata by BDB and Bunge, will charter and commercially operate SUPRAMAX and/or PANAMAX initially from the fleet currently owned or managed by BDB and subsequently from third parties.
Source: RTT News
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
