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.
