Ocado invests in indoor farm management
The Ocado online grocery store invests 17 million pounds (6.1 billion forints) in the farm sector – origo wrote.
The advantage of indoor farms is that more plants can be cultivated in a smaller area, while modern lighting and watering techniques make plants grow faster and consume much less water.
The British company has just announced the creation of a joint venture called Infinite Acres, with the 80 Acres Farms a company specializing in indoor farms and with the Priva Holdings, which sells industrial gardening systems.
In addition, Ocado has acquired a majority stake in Jones Food Company, which is Europe’s largest indoor indoor farm currently. (origo)
Related news
Ocado Partner Kroger Orders New Automated Technologies
British online supermarket and technology group Ocado has said that…
Read more >Is orange wine the ‘drink of the summer’?
An explosion of posts on TikTok has shown a profound…
Read more >Food e-commerce isn’t for everyone (yet)
The democratisation of online grocery shopping is taking longer than…
Read more >Related news
Henkel delivers good organic sales growth and very strong earnings improvement in first half of 2024
In the first half of 2024, Henkel recorded good organic…
Read more >PENNY stores only close on August 20th
You can conveniently do your shopping even on the holiday…
Read more >Resolution regarding the GVH procedure initiated against Szentkirályi Hungary
Yesterday, the Economic Competition Authority (GVH) announced in a press…
Read more >