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10.05.25 - 13:12
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Toxic tofu? How plastic waste from the west fuels food factories in Indonesia (The Guardian)
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Tofu factory owners in Indonesia's East Java feed their boilers with tonnes of foreign plastics each week to produce tofu sold in the regionPlastic waste from Australia, New Zealand, Japan, France, the US and Britain is being used to fuel tofu production in Indonesia, the Guardian has learned.Five factory owners in an industrial village in East Java, and one environmental organisation told the Guardian that imported plastic is burned daily to fuel furnaces in factories that produce tofu, prompting concern about serious health impacts. Continue reading......
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19.04.25 - 04:12
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Indonesian coffee chain may brew price war (Times of India)
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Indonesian coffee chain Kopi Kenangan, valued at over $1 billion, is entering the Indian market to compete with Starbucks and Tim Hortons. The company aims to attract customers with lower prices and a menu tailored to Indian tastes....
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29.05.24 - 13:27
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Business Exodus Continues: China′s Cofco Has Enough With Crime-Ridden Downtown Detroit (ZeroHedge)
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Business Exodus Continues: China's Cofco Has Enough With Crime-Ridden Downtown Detroit
Out-of-control violent crime across downtown Detroit has forced Cofco International Ltd., the trading arm of China's largest food company, to shift operations outside the metro area to safer suburbs.
Bloomberg spoke with those familiar with the plans to relocate Cofco outside the metro area. They said the move is primarily due to "persistent crime."
The agricultural commodities trader is planning to move to Oak Brook from the Loop, Chicago's central business district.
The Loop
Part of Oak Brook
Oak Brook has several other major corporate headquarters, including Ace Hardware, CenterPoint Properties, Sanford L.P., and TreeHouse Foods Inc.
Cofco confirmed the move but provided no details on where the new headquarters location would be.
Meanwhile, Chicago has been hit with many high-profile headquarters losses, including Caterpillar, Citadel, Boeing, and Tyson Foods. Guggenheim Partners has al...
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