Food Industry
EU parliament seeks to ban meat-like names for vegan products
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The EU parliament voted on Wednesday to prohibit vegetarian and vegan products from using meat-like names such as vegos sausage and vegoburger. The proposal, backed by the European meat lobby, faces strong criticism from Swedish food industry players and politicians. Compromise negotiations with member states now lie ahead.
Egyptian Swiss Group invests $25m in pasta production expansion
Egyptian Swiss Group for Pasta, Milling and Concentrates announced plans to expand production capacity over the next five years with investments of $20-25m. The strategy aims to reach EGP 5bn in total sales by the end of 2025, including EGP 3bn from its pasta business. The announcement came during a celebration for World Pasta Day.
Sigma Europa signs agreement with Vall Companys to boost fresh meats business
Sigma Europa, a subsidiary of Alfa, has signed an agreement with Grupo Vall Companys to restructure its fresh meats business and enhance profitability. The alliance aims to optimize pork processing and ensure a stable supply. The deal is subject to approval by Spanish authorities.