Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
Alssad Company for Food and Tetra Pak Arabia, have signed a €10 million deal at Gulfood 2023.
Under the terms of the agreement, Tetra Pak will provide its end-to-end solutions to Alssad for the expansion of their facility located in Baghdad. This will allow the company to produce the -ever long shelf life fermented product in Iraq that can be distributed in an ambient temperature. Expected to be ready in 2024, the facility aims to produce one billion packs per annum for dairy and beverage products.
Ghassan Sabeeh, CEO and Partner at Alssad Company for Food, said: “We are excited to further strengthen our partnership with Tetra Pak by expanding our facility to provide the latest innovative beverage solutions to our nation. This partnership will allow us to provide popular dairy fermented products in a more sustainable and a more convenient way to our consumers.”
In addition, Tetra Pak will provide to Alssad its Tetra Prisma Aseptic packaging – another first for Iraq; which comes with multiple benefits such as easy to carry and responsibly sourced carton packages.
Niels Hougaard, managing director at Tetra Pak Arabia Area, said: “Our agreement with Alssad Company for Food is completely aligned with our goals and will allow us to mark a new joint milestone for the dairy industry in Iraq. The line consists of pasteurisation, fermentation, heat treatment, and filling of dairy and dairy fermented products; all in one facility.”
Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business1 day ago
Authorities said the Adani Group chairman and seven other defendants agreed to pay the bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years
business1 day ago
Company strengthening regional presence and service offering
business2 days ago
Sinochem may keep three refineries in China's Shandong province
business2 days ago
Memorandum of understanding aims to enhance cooperation in the construction sector
business3 days ago
Serenia Living’s architecture and interiors have been led by Palma’s expert team
business3 days ago
Company’s backward integration model reaps dividends
business3 days ago
Participating companies announce several cooperation achievements
business3 days ago