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Browns Investments PLC Completes Acquisition of James Finlay Kenya

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Browns Investments PLC Completes Acquisition of James Finlay Kenya

Expanding into the Kenyan Tea Industry

Browns Investments PLC, a leading plantation business based in Sri Lanka, has finalized its acquisition of Kenyan tea estates business James Finlay Kenya from Finlays. This move marks Browns’ first investment in the Kenyan tea industry and presents an exciting opportunity for growth.

A Sustainable Approach to Growth

Finlays selected Browns Investments PLC as the approved buyer due to its strong legacy of guiding tea estates to continued growth, while also prioritizing sustainability and supporting the local workforce and communities. Browns has a proud heritage in operating plantation businesses and has demonstrated its commitment to sustainable growth through its successful acquisition of Finlays’ Sri Lankan tea estates business in December 2021.

The Acquisition Details

James Finlay Kenya is a leading grower, manufacturer, and supplier of Kenyan tea, covering a self-contained area of 10,300 hectares. The sale includes all parts of James Finlay Kenya Ltd except the Saosa tea extraction facility, which will remain under Finlays’ ownership and be renamed ‘Finlays Extracts, Kenya’.

A Bright and Exciting Vision

James Finlay Kenya will be rebranded as ‘Browns Plantations Kenya’ in the near future. Browns Investments PLC sees this acquisition as an opportunity for continued growth and is committed to maintaining a close relationship with the JFK community. Additionally, 15% of shares in James Finlay Kenya will be owned by members of the local community.

Investing in Kenya’s Tea Industry

Finlays, with its long history in Kenya, will continue to invest in the country through its ownership of the Saosa tea extracts facility and its Kenyan tea sourcing and packing operation, James Finlay Mombasa. Saosa adds significant value to the Kenyan economy by manufacturing a range of tea extracts and aromas.

James Woodrow, Group Managing Director of Finlays, expressed his confidence in Browns Investments PLC, stating, “In Browns Investments, the JFK community has a conscientious new investor with a bright and exciting vision. While this marks the end of an era, we are delighted that members of the local community will have a stake in the future success of James Finlay Kenya.”

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Coffee Industry and News

Coffee Grounds and Bamboo Could Power Future Batteries

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Coffee Grounds and Bamboo Could Power Future Batteries

X-BATT Breakthrough in Lithium-Ion Battery Technology

A pioneering company, X-BATT, has introduced innovative composite anode materials using renewable, bio-derived resources like wood, bamboo, and even spent coffee grounds. This breakthrough research aims to revolutionize energy storage applications and address the rising demand for lithium-ion batteries.

Utilizing Agricultural Waste for Sustainable Energy Solutions

By utilizing agricultural waste products as a carbon source, X-BATT is working towards reducing the reliance on foreign critical materials for batteries. Their approach not only promotes sustainable economic growth but also helps in reducing greenhouse gas emissions and promoting carbon sequestration through a circular economy model.

High-Performance Batteries with Biobased Anode Materials

The research highlights the potential of biobased resources like corn husk, rice husk, and coffee grounds in creating anode materials with higher specific capacity and better rate capability than traditional graphite. This innovation not only enhances battery efficiency but also aligns with principles of renewable energy and sustainability.

Future Collaboration and Commercialization Plans

X-BATT, led by CEO Bill Easter, is committed to collaborating with various entities to further develop and commercialize this groundbreaking technology. With the potential to significantly impact the global energy storage market, X-BATT’s research opens up new possibilities for sustainable energy solutions.

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Coffee Industry and News

Viennese Coffee Brand, Julius Meinl, Joins Initiative to Address Climate Change in Coffee Production

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Viennese Coffee Brand, Julius Meinl, Joins Initiative to Address Climate Change in Coffee Production

Commitment to Climate Change

Julius Meinl, a premium Viennese coffee brand, has officially joined the initiative for coffee&climate (c&c) to tackle the challenges faced by smallholder coffee farming families due to climate change. This move marks a significant milestone in the ongoing efforts to address the impact of climate change on the coffee industry.

Adding Value to the Alliance

Julius Meinl’s entry into c&c adds substantial value to the alliance, recognizing the urgency of addressing climate change within the coffee sector. The company’s commitment aligns with c&c’s goal of effective responses to climate change, increasing resilience, and improving the livelihoods of smallholder coffee farming families.

Family Commitment to Sustainability

Christina Meinl, a fifth-generation family member of Julius Meinl, expressed the company’s dedication to sustainable initiatives, stating that they aim to positively impact the entire coffee industry through ethical sourcing and sustainable practices.

Focus on Sustainable Practices

Marcel Loeffler, CEO of the Julius Meinl Group, outlined the company’s commitment to spreading Vienna’s coffeehouse culture worldwide while ensuring a more sustainable and fair future for farmers and consumers. Initiatives in Colombia and Uganda focus on promoting best practices and ensuring sustainable livelihoods for farmers.

Collaborative Efforts for Climate Resilience

Stefan Ruge, c&c Program Manager, emphasized the significance of the partnership with Julius Meinl in addressing climate change challenges and supporting smallholder coffee farming families. The collaboration aims to develop climate-resilient production systems to enhance sustainability and livelihoods in coffee communities.

Ensuring Coffee Sustainability

Amid the threats posed by climate change, the coffee sector requires close collaboration to ensure resilient coffee livelihoods and healthy landscapes. Julius Meinl’s participation in c&c will play a crucial role in this collaborative effort to support smallholder coffee farming families.

About the Initiative

The initiative for coffee&climate (c&c) is a partnership of private and public actors striving to support smallholder coffee farming families in responding to climate change, increasing resilience, and improving livelihoods in coffee-producing regions.

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Coffee Industry and News

TOMORO COFFEE Expands into Singapore and Beyond

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TOMORO COFFEE Expands into Singapore and Beyond

International Expansion

TOMORO COFFEE, known for its top-notch coffee quality, has opened its first store in Singapore and plans to venture into the Philippines in the coming months. The brand aims to establish itself as Southeast Asia’s premier coffee chain with a focus on uniformity and efficiency across all its outlets.

Commitment to Quality

Under the leadership of CEO Star Yuan, TOMORO COFFEE is on a mission to democratize specialty coffee, offering a unique and affordable coffee experience. The brand carefully selects 100% Arabica beans from regions like Brazil, Colombia, and Ethiopia to ensure a flavorful cup every time.

Future Plans and Innovation

As TOMORO COFFEE expands, it envisions opening more stores in Singapore and beyond. The brand is dedicated to sustainability and quality, continuously investing in automation solutions to enhance efficiency and maintain top-notch coffee standards. Through strategic partnerships with international brands, TOMORO COFFEE aims to provide customers with healthier and more delightful options.

An Ambitious Journey

With a commitment to core values of quality, affordability, and sustainability, TOMORO COFFEE is redefining the coffee experience and setting the stage for a coffee revolution in Southeast Asia. Join the extraordinary odyssey and be part of TOMORO COFFEE’s mission to become the region’s leading coffee chain.

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