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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

Lipa Pharmaceuticals to distribute Qualitas' Almega PL in Australia and New Zealand

Qualitas Health has finalised an exclusive distribution agreement with Lipa Pharmaceuticals for its Almega PL omega-3 ingredient for sale to the dietary supplement industry in Australia and New Zealand.  

Lewis Road Creamery ups chocolate milk production 4000% after 'unprecedented demand'

New Zealand dairy Lewis Road Creamery has increased production of a recently launched chocolate milk product from 1,000 litres a week to 40,000 in less than a month following "unprecedented demand."...

Financials

Nutrition profits jump 23% in mixed DuPont Q3 results

DuPont is reaping the benefit of its €5bn 2011 acquisition of Danish probiotics and enzymes giant Danisco, with its nutrition and health division showing 23% profit growth in a “sluggish” world market....

Japan

Nestle commissions empathic robot to sell its coffee machines in Japan

Nestlé Japan will soon begin using a humanoid robot to sell Nescafé machines as the company devises new ways to appeal to customers in the brand’s biggest market.  

Bunge commits to deforestation-free palm oil

Agribusiness giant Bunge is the latest multinational company to commit to deforestation-free palm oil supply – going beyond the requirements for RSPO membership.

India

BK to finally enter the Indian market after months of speculation

Burger King will open its first stores in India in the next couple of months, with New Delhi, NCR and Mumbai each on the waiting list for restaurants.

Gulfood Manufacturing 2014

Modular factory systems gaining momentum in Pakistan and India

United Food Technology (UFT), in Germany is launching its modular factory system FiaB (Factory-in-a-Box) at Gulfood Manufacturing in Dubai (November 9-11).

Australia

Australia's RFT to ‘go global’ with Gloria Jean’s purchase

Australia’s biggest multi-brand retail food franchiser, Retail Food Group (RFG), will become a “global franchising powerhouse” following its purchase of Gloria Jean’s Coffees at an initial cost of A$163.5m (US$144m)....

Shanghai company creates barrier material for MAP and skin packaging

Ming Yue Packaging has launched APET/EVOH high barrier composite soft sheets.

News in brief

Nestlé opens dairy institute in northeast China

After making one of the biggest dairy investments in its history, Nestlé has opened the doors a dairy farming institute in northeast China, which it hopes will help modernise the...

News in brief

Morton Salt to expand into world's biggest market

The world’s biggest salt market will gain a new player after North America’s Morton Salt signed a joint-venture with local player China National Salt of Shanghai.

Australia

Australian regulator accuses Coles of malpractice in new legal action

The Australian Competition and Consumer Commission (ACCC) has initiated fresh legal proceedings against Coles over the supermarket giant’s alleged unsavory commercial practices with its suppliers.

Danone Q3 results 'buoyed' by Asian infant formula recovery

The continuing recovery of Danone’s infant formula business, impacted by the 2013 Fonterra whey protein concentrate (WPC) botulism scare, has “buoyed” the French dairy's Q3 results.

Australia

Cargill sues Viterra over alleged deception at Australian malt maker

Agribusiness major Cargill has filed a lawsuit against Vittera over alleged deceptive practices at Australia’s largest producer of barley malt, which it bought from the Canada-based grain handler last year....

Nestle backs beverage ‘belief’ in Vietnam with $36m Milo investment

Nestle has spent $36.6m expanding its Milo chocolate malt beverage factory in Vietnam and stressed its ‘firm belief in the potential of the country’ as nutritional drinks demand grows.

Sri Lanka lifts temporary ban on Fonterra milk powder sales

Sri Lanka has lifted a temporary ban on the sale of three batches of Fonterra milk powder after "no food safety or quality issue" was identified during tests....

News in brief

Can you keep the European food industry honest? We’re hiring!

Do you like breaking news in multiple formats? Are you comfortable interviewing a CEO or Greenpeace protestor, food scientist, politician or legal hound? Do you have a passion for the...

FrieslandCampina, Huishan Dairy form Chinese infant formula JV

FrieslandCampina and China Huishan Dairy have entered into a joint venture to produce and sell infant formula in China under one of the Dutch dairy's existing brands.

McDonald’s Japan revises finances following food safety scandal

McDonald’s Holdings Japan has revised its financial forecasts to take into account a damaging incident earlier this year, in which workers from supplier Shanghai Husi were filmed picking meat off...

Sri Lanka suspends sale of Fonterra milk powder batches over illnesses

Sri Lanka has suspended the sale of three batches of Fonterra-made Anchor milk powder after complaints of illness in children.

Fonterra pleads not guilty to buttermilk disposal and odor charges

Fonterra has pleaded not guilty to nine charges related to the 2013 disposal of, and odor caused by, more than 3m litres of buttermilk and contaminated milk.

India

Sources: Amazon might enter India’s grocery market later this month

US online retail major Amazon could soon break into India’s packaged foods and beverages market to become the first international e-commerce site to enter this category.

Australia

Pipis on the MAP thanks to Asia’s demand for cockles

Innovations in packaging have allowed a newly formed Australian seafood company to expand their business to national and international markets.

Australia

Enzymotec opens up Down Under as lawyers drum up support for lawsuit

Global lipid supplier Enzymotec has established a Southern Hemisphere subsidiary, Enzymotec Australia with Claudette Cross at the helm of the country’s operations in Australia and New Zealand. 

Synalit Milk granted China infant formula export approval

New Zealand infant formula firm Synlait Milk has been granted approval to export products it manufactures to China.

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