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Mid East Info
14-04-2025
- Business
- Mid East Info
Kanoo Machinery powers Saudi Arabia's F&B Sector with Advanced Industrial Solutions at SaudiFood Manufacturing 2025
Riyadh, Saudi Arabia, April 14th: Kanoo Machinery, a leading provider of industrial and construction equipment in the GCC, has announced its participation in SaudiFood Manufacturing 2025, a premier trade exhibition for the Kingdom's food and beverage (F&B) processing industry. Taking place between April 13 and 15, 2025, at the Riyadh Front Exhibition & Conference Centre, the exhibition returns for its second edition after a successful debut last year. As Saudi Arabia advances its food security initiatives under Saudi Vision 2030, several significant developments are set to transform the Kingdom's food and beverage (F&B) sector. Notably, the unveiling of the world's largest food park in Jeddah, which aims to attract $5.3 billion in investments, creating approximately 43,000 jobs by 2035. Ambitious projects such as these, underscore the Kingdom's commitment to evolving into a global hub for food production and distribution. Kanoo Machinery is firmly positioned to support these transformative initiatives with its future-ready engine & power, material handling, compressors and warehousing solutions – critical for streamlining food production and logistics. From state-of-the-art refrigeration and storage systems to advanced lifting and packaging equipment, Kanoo Machinery provides core solutions required for F&B facilities, ensuring efficient operations and compliance with food safety regulations. This year at SaudiFood Manufacturing, Kanoo Machinery will showcase its portfolio of specialized equipment alongside its key principals, including Combilift, Hyster, Snorkel, Perkins, and Kaishan focusing on innovation and collaboration within the F&B sector. The company's solutions cater to the entire food production value chain, aligning with Saudi Arabia's vision of a self-sufficient and resilient food manufacturing ecosystem. Ali Abdulla Kanoo, Deputy Chairman, Yusuf Bin Ahmed Kanoo and President of Kanoo Industrial & Energy, said, 'Kanoo Machinery has long supported Saudi Arabia's industrial evolution with dependable, high-performance machinery. Our presence at SaudiFood Manufacturing 2025 reaffirms our dedication to empowering the F&B sector with reliable equipment solutions that drive efficiency and growth. This is where our legacy of engineering excellence meets the future needs of a growing industry.' Fahad Kanoo, Deputy Chairman of Kanoo Industrial & Energy, added, 'SaudiFood Manufacturing 2025 offers a powerful platform to engage with sector stakeholders and spotlight how industrial machinery is reshaping the future of food production in the region. At this year's exhibition, Kanoo Machinery will showcase its capabilities to serve the sector with our portfolio of innovative solutions that bring tangible value and support Saudi Arabia's food security goals.' Manoj Tripathy, CEO of Kanoo Industrial & Energy, commented, 'Kanoo Machinery stands ready with world-class technologies, quality service, and Saudi-specific expertise to help businesses scale efficiently while maintaining the highest standards of productivity and industrial performance. Our participation highlights our strategic intent to be an end-to-end partner in operational success for food manufacturers across the Kingdom.' With a keen focus on customer service excellence, Kanoo Machinery provides comprehensive after-market support, technical assistance, and customized operational solutions to cater to various industrial sectors, including food processing and manufacturing. With over 550 exhibitors from 70+ countries, the Saudi Food Manufacturing Exhibition 2025 will allow visitors to explore the latest advancements in industrial equipment, engage with industry experts, and discover how Kanoo Machinery is shaping the food manufacturing sector with its future-ready offerings.
Arab News
12-04-2025
- Business
- Arab News
Kanoo Machinery powers Saudi Arabia's F&B sector
Kanoo Machinery, a provider of industrial and construction equipment in the GCC, is participating in SaudiFood Manufacturing 2025, a premier trade exhibition for the Kingdom's food and beverage processing industry. Taking place between April 13 and 15, at the Riyadh Front Exhibition and Conference Center, the exhibition is returning for its second edition after a successful debut last year. As Saudi Arabia advances its food security initiatives under Saudi Vision 2030, several significant developments are set to transform the Kingdom's F&B sector — notably, the unveiling of the world's largest food park in Jeddah, which aims to attract $5.3 billion in investments, creating approximately 43,000 jobs by 2035. Ambitious projects such as these, underscore the Kingdom's commitment to evolving into a global hub for food production and distribution. Kanoo Machinery is firmly positioned to support these transformative initiatives with its future-ready engine and power, material handling, compressors and warehousing solutions — critical for streamlining food production and logistics. From state-of-the-art refrigeration and storage systems to advanced lifting and packaging equipment, Kanoo Machinery provides core solutions required for F&B facilities, ensuring efficient operations and compliance with food safety regulations. This year at SaudiFood Manufacturing, Kanoo Machinery will showcase its portfolio of specialized equipment alongside its key principals, including Combilift, Hyster, Snorkel, Perkins, and Kaishan focusing on innovation and collaboration within the F&B sector. Ali Abdulla Kanoo, deputy chairman, Yusuf bin Ahmed Kanoo and president of Kanoo Industrial and Energy, said: 'Kanoo Machinery has long supported Saudi Arabia's industrial evolution with dependable, high-performance machinery. Our presence at SaudiFood Manufacturing 2025 reaffirms our dedication to empowering the F&B sector with reliable equipment solutions that drive efficiency and growth. This is where our legacy of engineering excellence meets the future needs of a growing industry.' Fahad Kanoo, deputy chairman of Kanoo Industrial and Energy, added: 'SaudiFood Manufacturing 2025 offers a powerful platform to engage with sector stakeholders and spotlight how industrial machinery is reshaping the future of food production in the region.' At this year's exhibition, Kanoo Machinery will showcase its capabilities to serve the sector with our portfolio of innovative solutions that bring tangible value and support Saudi Arabia's food security goals.' Manoj Tripathy, CEO of Kanoo Industrial and Energy, said: 'Kanoo Machinery stands ready with world-class technologies, quality service, and Saudi-specific expertise to help businesses scale efficiently while maintaining the highest standards of productivity and industrial performance. Our participation highlights our strategic intent to be an end-to-end partner in operational success for food manufacturers across the Kingdom.' With over 550 exhibitors from 70+ countries, the Saudi Food Manufacturing Exhibition 2025 will allow visitors to explore the latest advancements in industrial equipment shaping the food manufacturing sector.
Yahoo
01-04-2025
- Business
- Yahoo
Trump tariffs: Ireland expected to be among hardest hit
Ireland is expected to be one of the most affected countries when President Trump announces a new round of tariffs later this week. EU goods are expected to face a tariff of about 20% when entering the United States. Among EU countries, Ireland is the most reliant on the US as an export market. In 2024, Irish goods exports to the US were worth €73bn (£61bn), almost a third of the country's total exports. Tariffs are effectively taxes applied to goods imported from other countries. Governments impose tariffs in the hope of protecting local manufacturers from international competition. The Taoiseach (Irish Prime Minister) Micheál Martin said on Monday that increased US tariffs were "a very grave and serious threat". Analysis co-authored by Ireland's Department of Finance and the ESRI think tank suggested the tariffs could cost Ireland more than €18bn (£15bn) in lost trade. It also warned that a prolonged trade war between the EU and US would pose a risk to Ireland's public finances. The level of concern in Ireland as the tariff's announcement draws closer can be gauged by the level of public interest in the issue. Many Irish towns and cities have enjoyed the benefits of a US business presence for decades, while the workers who are employed in these big businesses travel to the plants from all over Ireland, meaning that the impact of any tariffs could reach into countless communities all over the country. Monaghan-based manufacturer Combilift makes about a quarter of its sales in the US market where it also employs 50 people. The company's co-founder and managing director Martin McVicar visited Chicago in March to brief his US customers. He told them he will freeze the dollar price of all Combilift products this year to give them some certainty about import costs. "We've given our customers certainty on what their costs will be in US dollars for products delivered to the port in the US. "At least they can try to plan their business around that at this stage." Mr McVicar remains bullish about the US market as he sees their products as helping customers run their businesses more efficiently. Combilift makes forklifts which can operate in very tight spaces which allow companies to store more in their warehouses. "We're enabling customers to expand without having to relocate and we're adamant that should outweigh the impact of a tariff," he said. Ireland's biggest export sector is pharmaceuticals: the country is a major manufacturing hub for US companies like Pfizer and Eli Lilly. In 2024 overall exports of medical and pharmaceutical products rose by €22.4bn (£18.8bn) or 29% to just under €100bn (£83.7bn). These products accounted for 45% of all Irish goods exports. Trump has repeatedly expressed his unhappiness at the scale of US pharma manufacturing in Ireland. Last month he said: "All of a sudden Ireland has our pharmaceutical companies, this beautiful island of five million people has got the entire US pharmaceutical industry in its grasp." Trump has also talked about imposing specific tariffs on pharma, as he has done for imports of cars. However that is not expected to form part of this immediate round of tariffs. Analysis: John Campbell, BBC News NI economics and business editor Ireland has been one of the winners of globalisation - that long process which has made it easier for people, goods and money to flow around the world. Reforms to global tax rules over the last decade have been particularly beneficial. That has led to major international pharmaceutical and technology companies paying a large chunk of their taxes in Ireland. So much money has flowed in that the government has been able to set up a national wealth fund. Donald Trump's deglobalising instincts are a clear threat to that prosperity. Dan O'Brien, chief economist of the Institute of International and European Affairs, believes the Irish economy could be exposed because of the success of the pharmaceutical sector there. "The republic is the single biggest exporter of pharmaceuticals to the United States. With a population of just over five million that makes it a bigger exporter than even the likes of traditional powerhouses like Germany and Switzerland," he said. Mr O'Brien added the potential impact of the tariffs on Ireland could have parallels with the country's economic crash in 2008. "Then there was a financial crisis, it was immediate, it was like the wind blew the roof off the house," he said. "In this case it's more like a more gradual erosion of the foundations, which obviously is very important for any structure." Irish finance minister delivers warning over US tariffs Irish goods exports to US surge by 34% Trump targets Irish pharmaceutical industry for US tariffs If the people of the country were not quite sure what the implication of the changes might be, the Irish government has left them in no doubt in recent weeks. In a sobering analysis, the Minister for Finance, Pascal Donohoe, who is renowned for his cautious style of commentary around economic matters, outlined the possible outcome for Ireland in the worst-case scenario. The minister, who is also president of the Eurogroup of Finance Ministers, said: "It is very possible that between 50,000 and 80,000 jobs that would have been created or kept within the economy won't be." This sobering analysis has been accompanied by transatlantic and EU diplomatic discussions involving the Taoiseach Micheál Martin, and the Tánaiste (deputy PM) and Minister for Foreign Affairs, Simon Harris. What are tariffs and why is Trump using them? US tariffs 'potentially devastating' for Irish whiskey Threat of US tariffs spells uncertainty for NI businesses The scale of Ireland's dependency on foreign direction investment involving the US has been explained by Ireland's Industrial Development Authority (IDA). An IDA spokesperson told BBC News NI: "IDA Ireland partners with more than 1,800 FDI client companies, 766 of which are US companies that directly employ over 210,000 people and indirectly support an additional 166,000 jobs. "Conversely, Ireland is the sixth largest source of foreign direct investment into the US, with investment by Irish companies in 2023 worth $351bn (£272bn). "More than 200,000 people are employed by 770 Irish companies across all 50 States."
BBC News
31-03-2025
- Business
- BBC News
Trump tariffs: Ireland expected to be among hardest hit countries
Ireland is expected to be one of the most affected countries when President Trump announces a new round of tariffs later this goods are expected to face a tariff of about 20% when entering the United EU countries, Ireland is the most reliant on the US as an export 2024, Irish goods exports to the US were worth €73bn (£61bn), almost a third of the country's total exports. Tariffs are effectively taxes applied to goods imported from other impose tariffs in the hope of protecting local manufacturers from international Taoiseach (Irish Prime Minister) Micheál Martin said on Monday that increased US tariffs were "a very grave and serious threat".Analysis co-authored by Ireland's Department of Finance and the ESRI think tank suggested the tariffs could cost Ireland more than €18bn (£15bn) in lost also warned that a prolonged trade war between the EU and US would pose a risk to Ireland's public finances. Business impact of US tariffs The level of concern in Ireland as the tariff's announcement draws closer can be gauged by the level of public interest in the Irish towns and cities have enjoyed the benefits of a US business presence for decades, while the workers who are employed in these big businesses travel to the plants from all over Ireland, meaning that the impact of any tariffs could reach into countless communities all over the country. Monaghan-based manufacturer Combilift makes about a quarter of its sales in the US market where it also employs 50 company's co-founder and managing director Martin McVicar visited Chicago in March to brief his US told them he will freeze the dollar of price of all Combilift products this year to give them some certainty about import costs."We've given our customers certainty on what their costs will be in US dollars for products delivered to the port in the US."At least they can try to plan their business around that at this stage." Mr McVicar remains bullish about the US market as he sees their products as helping customers run their businesses more makes forklifts which can operate in very tight spaces which allow companies to store more in their warehouses."We're enabling customers to expand without having to relocate and we're adamant that should outweigh the impact of a tariff," he said. Pharmaceutical exports Ireland's biggest export sector is pharmaceuticals: the country is a major manufacturing hub for US companies like Pfizer and Eli 2024 overall exports of medical and pharmaceutical products rose by €22.4bn (£18.8bn) or 29% to just under €100bn (£83.7bn).These products accounted for 45% of all Irish goods has repeatedly expressed his unhappiness at the scale of US pharma manufacturing in month he said: "All of a sudden Ireland has our pharmaceutical companies, this beautiful island of five million people has got the entire US pharmaceutical industry in its grasp."Trump has also talked about imposing specific tariffs on pharma, as he has done for imports of that is not expected to form part of this immediate round of tariffs. Dan O'Brien, chief economist of the Institute of International and European Affairs, believes the Irish economy could be exposed because of the success of the pharmaceutical sector here."The Republic is the single biggest exporter of pharmaceuticals to the United States. With a population of just over five million that makes it a bigger exporter than even the likes of traditional powerhouses like Germany and Switzerland," he O'Brien added the potential impact of the tariffs on Ireland could have parallels with the country's economic crash in 2008."Then there was a financial crisis, it was immediate, it was like the wind blew the roof off the house," he said. "In this case its more like a more gradual erosion of the foundations, which obviously is very important for any structure." If the people of the country were not quite sure what the implication of the changes might be, the Irish government has left them in no doubt in recent a sobering analysis, the Minister for Finance, Pascal Donohoe, who is renowned for his cautious style of commentary around economic matters, outlined the possible outcome for Ireland in the worst-case minister, who is also president of the Eurogroup of Finance Ministers, said: "It is very possible that between 50,000 and 80,000 jobs that would have been created or kept within the economy won't be."This sobering analysis has been accompanied by transatlantic and EU diplomatic discussions involving the Taoiseach Micheál Martin, and the Tánaiste (deputy PM) and Minister for Foreign Affairs, Simon Harris. The scale of Ireland's dependency on foreign direction investment involving the US has been explained by Ireland's Industrial Development Authority (IDA).An IDA spokesperson told BBC News NI: "IDA Ireland partners with more than 1,800 FDI client companies, 766 of which are US companies that directly employ over 210,000 people and indirectly support an additional 166,000 jobs."Conversely, Ireland is the sixth largest source of foreign direct investment into the US, with investment by Irish companies in 2023 worth $351bn (£272bn). "More than 200,000 people are employed by 770 Irish companies across all 50 States."
