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The $480 million investment supports a strategy to transition the supply chain network into a fully-integrated, self-distribution model.

The €85m center, named Hive for its location amidst leading academic research centers, start-ups and external partners, will lead global foods innovation programs for brands like Knorr, Hellmann’s, The Vegetarian Butcher and Calvė.

The investment in bio-based chemistry further strengthens Stora Enso’s opportunities to replace fossil-based materials with renewable and recyclable materials.

From a regional perspective, Asia-Pacific is expected to witness the highest growth rate during the forecast period due to the increasing number of dual-income households.

Celadon shut down operations, effective immediately.

The greenhouse will produce more than 6 million heads of lettuce annually.

The Oberhausen center will feature a total of 57,000 pallet locations, 450,000 tray locations and 57 highly dynamic stacker cranes, designed to handle a daily pick capacity of 252,000 cases.

Over the next 12 months, FoodMaven intends to bring its business model to Dallas-Fort Worth, Texas, and additional markets nationwide.