Russian foods and food ingredients company Aston and transnational company Archer Daniels Midland Company (NYSE: ADM) launched a joint venture for the production starch and syrups in the village of Ibred in the Ryazan Region. This was reported by the press service of Aston.
Aston Food and Food Ingredients JSC and transnational company Archer Daniels Midland Company (NYSE: ADM) signed an agreement on establishing a joint venture for the production of starch and syrup on the territory of the Russian Federation. The transaction could be closed before the end of the second quarter of 2018, after receiving the approval of the Federal Antimonopoly Service. The value of the transaction has not been disclosed.
“Under the agreement, ADM will become a joint partner, purchasing 50% of the shares of the Starch and Syrup Division of Aston based in the Ryazan and Vladimir Regions,” reports Aston. Details of the agreement are not specified. It is also stated that the transaction under the agreement may be closed until the end of the second quarter of this year, after it is approved by the regulator.
Valio resumes the sales of whipping cream with 36% fat content. The company takes special pride in this product which was imported from Finland before 2014 and takes a special place in the gastronomy product assortment. Since October 2016, Valio produces whipping cream in Russia from Russian raw materials; the work to launch the production lasted for two years.
Nikolay Lubimov signed a cooperation agreement between the government of the Ryazan Oblast and Wingflow AG (Switzerland), says the press-office of the regional government. Under the agreement, a plant will be constructed in the territory of the region for production of high-tech components for the chemical and pharma industry.
The investments are expected to amount to RUB 2,287 mln. The facility creating 36 new jobs is expected to open in 2020.
Charoen Pokphand Group (CP Group), the largest conglomerate in Thailand, plans to build a full-cycle pig-breeding complex in the Ryazan Regions, as RIA Novosti was informed by the Russian Direct Investment Fund with confirmation by a representative of the СР Group.
The joint venture of the largest conglomerate in Thailand - Charoen Pokphand Group (CP Group) and China’s BannerDairy – Banner Infant Dairy Products, together with the Russian Direct Investment Fund (RDIF), will invest about $1 billion in the construction of dairy complex in the Ryazan Region.