Brazil meatpacker JBS SA said on Monday that it had signed a memorandum of understanding with Hong Kong’s WH Group to supply up to 3 billion reais ($717.26 million) of fresh beef, poultry and pork per year to the Chinese market.
The first shipments under the agreement are expected to take place in the first quarter of 2020, JBS said in a securities filing. ($1 = 4.1826 reais)
By Jake Spring
Source: Reuters
Heineken has entered into an agreement with Sanyo Whisbih Group to take over majority ownership of the Long Chuan Zuan Co brewery in Taiwan. With this investment in local production, Heineken says it will become the first international brewer to have a brewery in the country.
Mondelēz International plans to reopen a potato chip plant, located on the outskirts of Kyiv, that was damaged in the ongoing Russia-Ukraine conflict, according to Reuters. The facility, which was closed in March after suffering serious damage, will resume production while still undergoing repairs, a company spokesperson told Reuters.
Diageo has announced it will wind down its Russian business operations over the next six months, with plans to fully withdraw by the end of the year, according to Reuters. In March, the drinks giant suspended all exports of its products to Russia as well as the manufacturing of its beers, which are brewed locally under license by third parties.
