SUBSCRIBE

Breaking News on Food, Beverage & Supplement Development - Asia PacificEU edition | US edition

Headlines > Business

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.

Kraft brings Planters Peanuts to China’s competitive snacking nuts market

Kraft Foods has officially introduced its Planters Peanuts brand to China for the first time. 

Chocolatier named New Zealand’s most trusted brand for fifth year

Porirua confectionery manufacturer Whittaker’s has been named New Zealand’s most trusted brand for the fifth consecutive year, in an annual survey commissioned by Reader’s Digest.

Meat smuggling undermines livestock trade in Southeast Asia

The common market launched on 1 January by the Association of Southeast Asian Nations (ASEAN) has so far failed to promote a sustainable increase in legitimate intra-ASEAN meat and livestock...

Mazola signs UAE distribution deal as GCC consumption grows

Global cooking oil major Mazola is placing its focus on expanding even further into the Middle East’s growing non-retail sector by appointing Farm Fresh as its new distributor for food-service...

AIS claims Middle East’s biggest food plant after opening extension

One of the Middle East’s biggest food importers has unveiled the region’s largest production factory. The new Arab & India Spices plant in Ajman was built with an investment of...

YouGov names Almarai as Saudi’s favourite brand

Local dairy major Almarai was named Saudi Arabia’s favourite brand in the YouGov 2016 Mid-year BestBrand rankings, alongside Emirates airline in the UAE and Facebook in Egypt.

Gulf multinationals commit to phase out trans fats by 2019

Several Gulf-based global food and beverage companies have have embraced a commitment to phase-out trans-fat in their Middle East products.

Australia

World’s first wine harvested from city’s botanic gardens

Wines made from grapes harvested in a tiny vineyard within a city botanic garden will be launched in South Australia in September.

Thousands of chickens killed in Iraq bird flu virus

More than half a million birds have died thanks to a highly pathogenic H5 avian influenza strain that has torn through Baghdad and Wasit in Iraq. 

Chinese meat giant enters the digital space

One of China’s largest agricultural and meat conglomerates has entered a deal with the country’s leading e-commerce and cloud computing company to get a digital edge on its rivals....

China direct

Formula scandal sends Fonterra’s Beingmate into the red

Fonterra's Chinese business partner has seen healthy expected profits turn into substantial anticipated losses for the first-quarter of the financial year after a milk powder scandal.

General Mills: 1,100 jobs under threat from plans to axe lines in Brazil, China and US

General Mills is set to close production lines in Brazil, China and the US - with the potential loss of almost 1,100 jobs - as part of plans to improve...

News in brief

Sanitising system can improve food safety and quality - De Nora

De Nora has said its onsite sanitising system can help raise food safety standards in Asia.

Cargill suspends business with IOI following RSPO fallout

Cargill has suspended new business with IOI and called on the palm oil supplier to “take further action to resolve the charges that resulted in its RSPO suspension and address longstanding...

Malaysian certifier to help with upgrade at 100 Egyptian fish farms

WorldFish has appointed Intertek as its quality partner as the international aquaculture researcher assists with upgrading production at some 100 fish farms in Egypt.

Japanese trio plan vegetable factory in Dubai

Japan’s Marubeni Corporation, Showa Denko K.K. and Chiyoda Corporation will jointly develop an overseas artificially-lit vegetable factory business with a base in the UAE that promises to harvest crops throughout...

MHP: Middle East boosts poultry growth as it expands there

Ukraine’s MHP has reported growth in poultry production, with sales reinforced by a robust export upswing to the Middle East in its preliminary half-year results, posted on 19 July. 

Australia

Formula flask is poised to solve age-old parent quandary

A Thermos-like device to keep water for infant formula at the ideal drinking temperature is being developed in South Australia.

Guest article

Fads in focus: Coconut oil – panacea or artery clogger?

There is barely a food or beverage category that has not been invaded by coconut in some shape or form, says Euromonitor International contributing analyst, Simone Baroke. But is the world...

Fonterra says innovation the key to shaping the global dairy sector

New Zealand dairy cooperative Fonterra’s chief operating officer of global operations, Robert Spurway says R&D is one of the most important factors shaping the dairy industry today.

Pokémon Go gets users out of the house and into frozen yogurt stores

The recent craze of the Pokémon GO app has users not only getting outside their homes but also into local businesses where they might discover their next Pokémon catch. ...

Samsung Welstory forms joint-venture for China food-service expansion

Samsung’s food service affiliate has established a joint-venture in China to tap into the country’s food distribution market.

Home brewing joins Internet of Things with launch of Aussie iBrew kit

The Internet of Things is about to shake up the home brew industry after one of the world’s biggest manufacturers of home brew ingredients announced the launch an automated system...

Interview: DuPont’s Asia-Pacific president for health and nutrition

Li Yongjing: ‘Our business improves other people's lives'

Last month, DuPont became the latest food and nutrition ingredients supplier to open a flagship regional headquarters in Singapore, which is fast becoming a hub in this regard.

E-commerce candy: Mars partners with Alibaba; Mondelēz refreshes Facebook partnership

Mars has announced a strategic collaboration with China’s Alibaba just a few days after Mondelēz refreshed its partnership with Facebook as both companies tap the global e-commerce boom.

Key Industry Events