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Showing posts from March 10, 2014

MEGA MERGER : CHIQUITAFYFFES WILL DOMINATE GLOBALLY

PRESS RELEASE

March 10, 2014, 3:00 a.m. EDT

















--Creates No. 1 Banana Company Globally --Significant Presence in Packaged Salads, Melons and Pineapples --Targeting $40 Million of Annualized Pre-Tax Cost Synergies --Company Name to be ChiquitaFyffes plc --Combined Company to be Listed on the New York Stock Exchange and Domiciled in Ireland --Chiquita and Fyffes Brands to Continue --Ed Lonergan will serve as Chairman and David McCann will become CEO of the Combined Company --Combined equity value of approximately $1.07 billion













CHARLOTTE, N.C. and DUBLIN, March 10, 2014 /PRNewswire/ -- Chiquita Brands International, Inc.CQB -0.18% (" Chiquita ") and Fyffes plc (esm:FFY ID) (" Fyffes ") today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement under which Chiquita will combine with Fyffes, in a stock-for-stock transaction that is expected to result in Chiquita shareholders owning approximately 50.7% of ChiquitaFyffes, and…

PAKISTAN : Latest techniques can double mango export

March 10, 2014





Hassan Jawwad






KARACHI - It is the need of the hour for our country to give real approaches to harvesters how to make double mango production which ultimately boost its export and push up the economy.




This was stated by AQ Khan Durrani Chief Executive of Durrani Associates, while talking to The Nation in an exclusive interview. Lacks of modern harvesting techniques are badly hampering mango production in the country. Around 80 percent mango producers are unable to get maximum production due to unawareness of plugging, he said.





He further said that Pakistan is the sixth largest producer of mangoes with a total production capacity of around 1.8 million tons a year. However, he said, the country exports only 8pc of its production while up to 30pc is wasted due to multiple reasons ranging from primitive agricultural techniques to lack of processing and storage facilities on a large scale.





Durrani said it is necessary for any farmer to know the agricultural requirement of the are…