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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.

News in brief

USP talks food fraud with Chinese Ministry of Agriculture

US Pharmacopeial Convention (USP) laboratories has held a workshop with scientists from the China’s Ministry of Agriculture to highlight efforts on risk assessment and food quality.

Festive Flick

Happy Holidays 2014 from William Reed Business Media!

The holidays are fast upon us, so let’s put ‘business’ to one side and get into the festive mood. To keep in the spirit of things, we’ve got a ‘gift’...

SurePure initiates commercial photopurification trials at Indian dairies

SurePure has initiated commercial trials of its photopurification technology with "key dairy producers" in India.

SPECIAL EDITION: INFANT NUTRITION

Asia-Pacific baby formula sales boom despite scandals

Hong Kong is the world’s fastest growing market for infant formula, followed by mainland China, Saudi Arabia, Vietnam and Indonesia, latest Euromonitor research shows.

Thailand

Novasep continues Asia-Pacific expansion

One year after opening an Indian operation, French additives major Novasep has announced it will open an office in Bangkok to expand its operations in southeast Asia.

Case study

Chinese street food chain makes a ‘bing’ impression in Australia

Combining a popular Chinese street food with a modern franchise model has turned out well for a South Australian entrepreneur with a solid business plan.

‘Our competitors are neither young, nor from emerging nations’: AJE Group on BIG Cola's USP

BIG Cola insists global brands don’t need a presence in the US or Europe as it says it competes with the likes of Coke and Pepsi by 'democratizing consumption' with...

Cargill opens $100m Indonesian cocoa plant

Cargill has opened its first cocoa processing facility in Asia in the East Java region of Indonesia.

Fonterra slashes forecast FGMP again as volatility continues

Fonterra has slashed its farm gate milk price (FGMP) forecast for the 2014/15 season to NZ$4.70 (US$3.63, €2.93) - the third such reduction since it was first announced in May.

WPC botulism scare a food safety 'watershed moment' for Fonterra

The whey protein concentrate (WPC) botulism scare was a "watershed moment" for Fonterra in terms of food safety, an independent inquiry into the incident has concluded.

China’s meat producers seek more export opportunities in Russia

Five more Chinese companies have filed requests with China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) to export meat products to Russia, as China’s meat sector sees growing...

Neogen inks deal for foothold in Asia

Neogen Corporation has acquired the food safety and veterinary genomic assets of its Chinese distributor, Beijing Anapure BioScientific Co.

Analysis

Malaysia's $72m 'Beef Valley' plan results in just 20 head of cattle

It was meant to be Malaysia’s Beef Valley, but now it’s not even Beef Alley, according to an online new investigation into the National Feedlot Corporation’s 2,000ha farm in Negri...

Troubled soft drinks giant Coca-Cola Amatil axes 260 Aussie jobs

Coca-Cola Amatil said today it plans to cut 260 jobs as part of AUD $100m cost-cutting campaign aimed at boosting profitability in its struggling Australian soft drinks business.

dispatches from European Bioplastics conference

Indian distribution deal for NatureWorks’ Ingeo resins

NatureWorks and Northern Technologies International Corporation (NTIC) are to collaborate on marketing and sales in India and countries including Bangladesh, Pakistan and Sri Lanka.

Heinz opens infant cereal plant in China

Heinz has opened a major production plant in southern China for its infant cereal and snacks business, keeping a paramount focus on safety and quality.

India

Prova to open 500-tonne capacity Bangalore flavours plant

French flavour major Prova Flavours, is preparing to open an 10,000-sq-ft Indian manufacturing plant in Bangalore to extract cocoa, coffee and vanilla flavours and extracts in powdered and liquid form. ...

Ingredients supplier Maypro enters sales deal that includes Nebraska Cultures probiotics

Ingredient supplier Maypro has extended its branded ingredient offerings via a strategic sales partnership with Wilke Industries. It’s part of the company’s push to remain relevant in the rapidly evolving...

Kit Kat shape mark triumphs in South Africa but stumbles in Singapore

Nestlé has successfully protected its trademark for the Kit Kat shape in South Africa, but has lost a similar case against Petra Foods in Singapore.

Australia

Aussie vitamin container seals place at World Packaging Design awards

Australian natural health major Blackmores has won three categories at the Australian Packaging Design awards for their bulk pack design, and will now progress to the WorldStar packaging awards.

Tetra Pak and Nestlé scoop ‘Best in Asia’ awards

Tetra Pak Thailand was awarded Green Company of the Year and Nestlé was recognised as a CSR Advocate at the Asia Corporate Excellence & Sustainability Awards (ACES) 2014 organised by...

RPC Group to expand in China & India following €386m Promens acquisition

RPC Group will acquire Promens Group (Promens) for €386m (£307m), with the deal expected to close at the end of March 2015.

New Zealand

Opening of biggest manuka plant reflects growth in honey's popularity

New Zealand’s biggest honey plant has opened its doors to help ease pressure on one manuka producer by tripling its production.

News in brief

Wipak Group expands in China

The Wipak Group has expanded in China, opening a factory in Changshu near Shanghai.

Danone agrees to sell Indonesian fresh dairy business

Danone has agreed to sell its Indonesia fresh dairy business to local food and beverage firm Indofood (ICBP) for a reported 250bn Indonesian Rupiah (US$20.5m, €16.4m).