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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.

Feature

Solar project gives ray of hope to struggling Australian grape growers

A renewable energy project in Australia’s largest grape growing region is giving struggling vignerons a sunny alternative.

India

Ruchi fully divests in Kagome tomato joint-venture

Ruchi Soya Industries has sold its share of a joint-venture with Kagome Foods, a Japanese tomato products manufacturer, and investment firm Mitsui & Co.

DSM to expand hydrocolloids business in China

Ingredients supplier DSM is planning two major plant expansions in China to boost its gellan gum and pectin capacities. 

Australia

Lab-developed PERKii probiotic readies for sale after VC backing

A lactose-free probiotic fruit drink developed by scientists in Australia has managed to secure sufficient investment for it to be launched across the country's beverage market.

News in brief

Sydney fire: meat factory burns to the ground

A fire at a meat processing plant in Banksmeadow, Sydney, has been extinguished after burning for two days straight, causing thousands of dollars in damages.

China to pump $100m into Russian rabbit complex

JSC International Rabbit Company and China Nuclear Industry 23 Construction Co are to join forces to build Russia’s largest rabbit meat complex. 

Food Vision Asia 2016

Food Vision Asia to return to Singapore as an annual event

More than 160 senior industry figures from Asia-Pacific and beyond gathered at the Grand Hyatt in Singapore recently for the inaugural Food Vision Asia. 

Che bello! Australian Tuscans getting as good as the originals

A wine region over 15,000 kilometres from Tuscany is emerging as a primo producer of Italian varieties and styles, and has even matching the Italians at their own game.

GNT opens colours base for GCC market

Global colours major GNT Group has opened an affiliate office in Dubai to service GCC countries which, the company says, are “becoming aware of the need for real colour solutions”. ...

dispatches from Analytica 2016

Shimadzu unveils mid-range ICP-MS

Shimadzu has launched its ICPMS-2030 to the European market at Analytica 2016.

Gulf food companies see declines in first-quarter figures

Savola Group, Saudi Arabia’s biggest food producer, reported a 80.3% fall in first-quarter net profits, missing analysts’ forecasts and after an exceptional gain made a year ago.

Canadian home hydroponics start-up finds UAE distributor

Urban Cultivator has appointed Italian Food Masters as its sole distributor to supply its hydroponic gardening appliances to consumers and food service operators in the United Emirates.

PE fund acquires Middle East operator of Cinnabon and Seattle’s Best

Fajr Capital, a private equity investor in high-growth markets across the Middle East and Asia, has completed its acquisition of Cravia Group, one of the fastest-growing food and beverage platforms...

News in brief

Usana’s China operation given permits for direct selling expansion

Global nutrition company Usana Health Sciences has received approval for its China subsidiary to expand its direct selling operation to eight more provinces and municipalities within the country.

South Asia radius

Rumour: Haldiram’s planning PE deal, company valued at $1bn

Snack food manufacturer Haldiram’s is getting closer to agreeing a possible US$200m investment deal after recently holding talks with top-tier private equity funds, according to media reports.

Elopak enters Japanese market with Pure-Pak carton

Elopak has partnered with Nippon Paper Industries to launch its Pure-Pak carton in Japan.

Australian dairy industry gets nitrogen cash boost

Australian dairy is one of four agricultural industries that will benefit from a government-funded Rural Research and Development for Profit project to improve the efficient use of nitrogen.

Delfi and Orion to corner half the Indonesian chocolate market with new JV

Delfi Limited, formerly Petra Foods, and Orion Confectionery have formed a joint venture in Indonesia that will command 50% of the country’s retail chocolate market, the firms estimate.

Miratorg eyes on-trade expansion with meat supplies to McDonald’s in China

Russian agricultural holding Miratorg is hoping to start supplying meat to McDonald’s outlets in China, according to CEO Viktor Linnik, who added that this could be an important part of...

News in brief

NTU and Wageningen partner on food science and technology

Nanyang Technological University (NTU Singapore) and Wageningen University have partnered on a PhD program on food science and technology.

Australia

Nestlé leads food companies in employee satisfaction awards

Nestlé has once again been named Australia’s top food and beverage employer out of a pool of 150 private and public companies selected from the country’s biggest satisfaction survey.

Australia

JV partner forces SunRice to put ASX listing plans on ice

Australian rice exporter SunRice has been forced to hold off on a planned ASX floatation until one of its joint-venture partners has carried out a review.

India

Godrej Nature’s Basket appoints new chief

Avani Davda will take over as managing director of Godrej Nature’s Basket, the speciality food chain chain, while her predecessor, Mohit Khattar, will take on a new group-level role at...

India

Arjuna Natural to launch amaranthus-based nitrate booster

Kerala-based extracts manufacturer Arjuna Natural will launch a new standardised nitrate sports nutrition ingredient this month that claims to help athletes work out harder for longer.

InVivo NSA copper fastens SE Asia presence through Philippines deal

French animal nutrition group, InVivo NSA, has acquired Philippines based pig, poultry and aqua feed manufacturer, Popular Feedmill Corporation (PFC).

Key Industry Events