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Business

The latest news in the world of business, mergers and acquisitions, partnerships, and companies financial results are a mine of information on successful business strategies in the Asia Pacific region.

Shimadzu unveils high-end single quad GC/MS instrument

Shimadzu says its GCMS-QP2020 high-end single quadrupole gas chromatograph mass spectrometer will open up new capabilities for food labs without them having to invest in expansive sample preparation and method...

Asahi bids for Peroni, Grolsch and Meantime beer brands

Japan’s Asahi Group Holdings Ltd has offered to buy SABMiller’s Peroni, Grolsch and Meantime brands, in a bid worth $2.9bn. 

Australia

Coca-Cola launches Fuze Tea backed by ‘multi-million dollar’ campaign

Coca-Cola South Pacific has backed the launch of its Fuze Tea ice tea brand in Australia with a multi-million dollar marketing push. 

Bucha wants to bridge sweet fizzy beverage drinkers to kombucha

Washington-based American Brewing Company started with beer and expanded its product line to include kombucha. Its brand, Bucha, has been credited as one of the fastest growing breakout brands in...

South Asia radius

Indian unicorn becomes first to break even in food delivery market

Zomato is on track to become India’s first e-commerce “unicorn” to become profitable after the delivery startup announced that it had broken even in several key markets including its home...

'Eye-catching': Morinaga revamps Hi-Chew packs to advance US business

Morinaga America (MA) has redesigned packs for its entire Hi-Chew candy line as it looks to grow US company sales 400% in the next five years.

News in brief

Ingredion makes acquisition to develop Chinese starch business

Ingredion has signed an agreement to buy Shandong Huanong Speciality Corn Development Co. to expand its speciality starch business in the Far East.

China direct

Court rules six-winged chicken posts harmed KFC’s reputation

Three companies have been ordered to pay 600,000 yuan (US$91,200) to KFC for using social media to spread false rumours about the international fast-food chain in China.

Puratos set to expand across Australia after acquiring fillings supplier

Bakery ingredients supplier Puratos Group is ramping up its presence in Australia and New Zealand with the acquisition of fruit and patisserie fillings business Melbourne Jam Manufacturing Co.

News in brief

Fonterra introduces new organic payment plan

Fonterra is introducing an independent organic milk price linked to market returns for organic products.

News in brief

Singapore company offers monitoring service for packaging laws

A service to monitor Asia-Pacific packaging-related legislation that offers real-time updates has launched in Singapore.

US investor sells last of its shares in Vietnam’s biggest F&B brand

American private equity fund KKR has now fully divested its interest in Masan Consumer Corporation after selling the remainder of its shares to parent Masan Group Corporation for an undisclosed...

Syngenta supports $43bn sale to ChemChina

Syngenta announced Wednesday that it is in favor of a $43bn purchase offer from ChemChina.

Nestlé debuts alcohol-inspired sake KitKat in Japan

Nestlé Japan has added Nihon-shu, aka Japanese sake, to its KitKat regional flavor line.

China's slowdown hits second-biggest pork company

Yurun Food, China’s number-two pork player, continues to go through turbulent times, with some industry watchers forecasting a sell-off of company assets this year to get the firm back on...

Imported food from countries with low GDP poses higher safety risks – study

Risk estimates for food imported into the US show a clear distinction between high- and low- risk countries and product types, according to an analysis of federal import violations data.

Australia

Company case study: Closed supply chain key to clean, green exports

A closed-loop supply chain and a strong contact network in Asia are behind the success of an emerging premium food company from South Australia.

Fonterra constructing Sri Lanka training farm

Fonterra Brands Sri Lanka has announced the construction of its first demonstration and training farm in Sri Lanka.

OSI slams Chinese court’s judgement on expired meat scandal

The American parent of the Chinese company found by a Shanghai court this week to have sold out-of-date meat to international burger chains has reacted angrily to the jailing of...

News in brief

Murray Goulburn nabs Coles cheese contract

Murray Goulburn Co-operative Co. Limited has announced that it has entered into a five-year national private label contract to supply Coles brand Australian cheese.

New marketing push 'reinvents' Kellogg's Special K brand in Australian market

Kellogg’s Australia claims it is reinventing the Special K brand with a new marketing push designed to inspire women to make “realistic and positive changes”.

Indian black chicken producers seek geographical indication to boost trade

Authorities in the central Indian state of Madhya Pradesh are trying to acquire national geographical indication (GI) protection for a nutritious variety of ‘black chicken’ called ‘Kadaknath’, to promote national...

Iran sanctions lifted, but rising Saudi tensions threaten food trade

The lifting of sanctions against Iran will open up new possibilities for the food sector, but growing tensions with Saudi Arabia makes GCC trade less certain.  

Australia

Coopers marks another record year for traditionally brewed ales

The trend for Australians to move away from mass-produced beer continues as annual sales by Coopers, the country’s biggest privately owned brewer, reach another record while sales by major players...

Singapore conglomerate bids for ownership of Peroni and Grolsch

Singapore’s Fraser and Neave has confirmed that it hopes to buy into the European beer market through the purchase of Peroni and Grolsch from Anheuser-Busch InBev.

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