Heifer Impact Capital Invests in Pachamama Coffee Cooperative
Heifer Impact Capital, a farmer-focused financier associated with the nonprofit Heifer International, has closed a loan to Pachamama Coffee Cooperative (PCC) to support the group’s growing United States retail footprint. With U.S. operations based in Sacramento, California, Pachamama is collectively owned by five coffee-producing cooperatives. The amount of the loan was not disclosed.
German Roaster Writes Open Letter to SCA Regarding Cows Milk
A on open letter on the Instagram account of German specialty coffee roasting company Suedhang has been gaining traction among some competitive baristas. The letter calls for the Specialty Coffee Association to end the use of cows milk as a compulsory ingredient. It states, “The rules are contrary to our ethical compass: they discriminate against people with vegan diets, give a false image of the barista profession, humiliatingly force participants to work with animal products on a public stage and imply a huge waste of resources.[sic.]”
Westrock Coffee Breaks Ground on 524,000-Square-Foot Manufacturing Plant
Westrock Coffee Company officials gathered on Nov. 9 for a groundbreaking ceremony for the Little Rock, Arkansas-based coffee giant’s roasting and ready-to-drink manufacturing and packaging facility in the nearby city of Conway. The facility will be one of eight Westrock production sites globally.
Reuters Highlights Sustainable Coffee Efforts at Gorogonsa Park in Mozambique
As part of its ongoing COP27 coverage, Reuters has published a piece outlining efforts in the hills of Mount Gorogonsa in Mozambique involving the planting of climate-resilient coffee plants alongside indigenous trees to promote reforestation and sustainable economic development. The project is being led by Gorogonsa National Park. Nespresso signed an MOU to help develop the regional coffee sector in 2020.
Swiss Water Expands Credit Facilities to $33.25 Million
Vancouver, B.C.-based Swiss Water Decaffeinated Coffee has announced the expansion of its credit availability to $33.25 million, including $21.25 million of expanded revolving credit capacity and $12 million of incremental senior term financing. The increased capacity from lenders comes amidst higher green coffee prices and as the company builds a second new factory in Delta, B.C. The company also announced that Justin Jacobs, the managing director of a lender involved in the deal, Mill Road, has been appointed to the Swiss Water board of directors.
ICO Releases Monthly Coffee Price Report
The International Coffee Organization has released its monthly coffee market report this week, showing a composite price drop of 10.6% from September to October. The median price in October was 18.1% higher than 2021. See the full report.
German Coffee Association Hosts Online Conference on Capsules
The German Coffee Association is hosting the inaugural International Virtual Congress on Coffee Capsules, an online event taking place Nov. 17-18. The event includes 11 speakers on a range of topics regarding the growing single-use coffee capsule industry.
New Zealand Roaster Peoples Coffee Seeks Crowd Funding
New Zealand-based roasting company Peoples Coffee has turned to the crowd in an attempt to raise at least NZ$500,000 (US$295,000) to fund roastery upgrades, including a new roasting machine and other packing machinery. As of this writing, the campaign had raised just over US$170,000.
VendiBean Launches Nationwide for Automated Office Coffee Service
San Diego-based coffee vending machine company VendiBean has announced nationwide expansion that includes office clients such as HP, Buzzfeed, Puma and WingStop. The company was created in 2016 by the sister and brother team of Teal and Tristan Cooper.
Digital Coffee Future Coffee Logistics Summit Coming Nov. 17-18
Digital Coffee Future has announced the full program for its upcoming Future of Coffee Logistics Summit. Featuring 29 international speakers, the ticketed event will take place online Nov. 17-18. See more information here.
In Case You Missed It
Here are some of DCN’s top stories from the past week…
Electric coffee roaster maker Bellwether Coffee has introduced two major new products, including an online roasted coffee marketplace for small businesses and a software-enabled platform for larger-scale production roasting… Read more
It represents the first broad-scale introduction of hydrogen power systems in the coffee roaster manufacturing industry… Read more
Today marks the official launch of Innovea, a highly anticipated global coffee breeding network led by the nonprofit World Coffee Research and nine participating coffee-producing countries… Read more
As world leaders meet this week in Egypt for the COP27 climate conference, the Specialty Coffee Association is bringing to light its recent report outlining what coffee organizations might do to address their carbon footprints… Read more
Housed in a building down the street from Peekskill, New York-based specialty coffee institution Peekskill Coffee, Ryze Collective offers the equipment and space to fill a variety of needs for emerging roasting businesses… Read more