The Helmut Koenig Private Foundation’s Board of Directors unanimously decided to reorganize the management and dismissed Wolfgang Staufer as CEO. Managing Director Hannes Stelzer is taking over the management of Koenig Maschinen GmbH as well as the Koenig Group international, the company announced.
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Bühler unveiled its new food innovation hub in Uzwil, Switzerland, focusing on product and process development. Four Application and Training Centers (ATCs) – Flavor Creation Center, Food Creation Center, Protein Application Center, and Energy Recovery Center – are opening their doors to complement the existing ATCs, such as the Extrusion Application Center.
Orkla partnered with Rhône, a global private equity firm with a focus on investments in businesses with a transatlantic presence. Investment funds affiliated with Rhône will acquire 40% ownership in Orkla Food Ingredients AS (OFI), for NOK 15.5 billion (EUR 1.3 billion). The transaction is expected to be completed by the end of the first quarter of 2024, subject to customary conditions to closing, including approvals from relevant authorities.
Peter Schmidt, a member of Conditorei Coppenrath & Wiese’s management board responsible for Marketing & Sales, Finance & Administration and Product Development (R&D) since December 1, 2015, will retire on March 1, 2024.
The ninth and biggest installment of Gulfood Manufacturing took place between November 7 and 9 at the Dubai World Trade Center, with 3,000 exhibitors from 80 countries and over 36,000 visitors attending the show and the co-located events The Specialty Food Festival, ISM Middle East and Private Label Middle East.
Yum! Brands reported results for the third quarter that ended on September 30, 2023, driven by sales at KFC International. The KFC Division opened 664 gross new restaurants across 57 countries in the reporting period.
The Association of German Bakeries welcomes the federal government’s agreement on an electricity price package. Despite this agreement, electricity prices are still too high, mainly caused by insufficient supply, the members of the associations believe. Additional measures to mitigate with this problem are necessary, Juncker underlines.
Jörg Riboni and Gordon Hardie resigned from ARYZTA AG board. The board has accepted their resignations with immediate effect, the company announced on November 8. The Board of Directors expressed their thanks to both outgoing board members for their services to ARYZTA AG.
ISM Middle East concluded its 16th edition, with an expanded exhibition space at the Dubai World Trade Center on November 9. With a turnout of more than 12,800 visitors, 352 exhibitors hailing from 45 countries, 28 national pavilions, and a thriving three-day showcase, ISM Middle East 2023 reaffirmed its foothold in the MENA region.
IPCO extends its footprint in China with the acquisition of Nantong Langwei New Materials, ‘Long Goal’. Following the acquisition deal signed on October 13, 2023, IPCO increased its local steel belt production capabilities for the Chinese market. The move means IPCO benefits from lower cost levels and shorter lead times while also reducing CO2 emissions and risks caused by transportation to and from Sweden.
