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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

tna opens Thailand office

tna has expanded its operations in Asia by opening an office in Bangkok, Thailand.

News in brief

LycoRed appoints Rony Patishi-Chillim as CEO

Israeli carotenoid specialist Lycored has appointed Rony Patishi-Chillim as CEO as the firm seeks nutrition sector consolidation.

Chinese organic dairy Shengmu launches expansion-driven IPO

Shengmu Organic, China's largest organic dairy player, is seeking to raise up to HK$1.3bn (US$169m, €124m) through an initial public offering (IPO) of shares in Hong Kong.

News in brief

Taura Natural Ingredients secures European distributor for fruit series

Taura Natural Ingredients is teaming up with France-based Phoenix Ingredients for European distribution of its Gourmet Series fruit line.

China

Bright Food eager to snap up more big international acquisitions

Unbowed by the decision by credit agency Moody’s to downgrade its outlook last month to “negative” following the recent near-billion-dollar Tnuva buy-in, Bright Food is now said to be looking...

News in brief

New $27m Givaudan plant opens in Indonesia

Indonesia’s fast-growing importance in flavour production was acknowledged by the opening of a US$27m spray-dry facility by the worldwide flavours and scents market leader, Givaudan.

News in brief

Ammeraal Beltech opens China facility

Ammeraal Beltech has opened a manufacturing facility in China. 

2014 SPECIAL EDITION: DAIRY PRODUCT QUALITY TESTING

Fonterra never checked Sanlu's dairy products prior to deadly China melamine crisis, study warns

Decentralized milk supply chains were largely to blame for the melamine scandal that bankrupted China’s Sanlu in 2008, but its partner Fonterra's experience ‘did not appear helpful’ in stopping deadly...

BREAKING NEWS

Coca-Cola India wins ruling overturning Uttar Pradesh plant closure order

Coca-Cola India's controversial bottling plant in Uttar Pradesh will reopen after a national environmental tribunal today stayed a local pollution control board ruling ordering its closure.

News in brief

Nestlé opens third China R&D centre

Nestlé has officially inaugurated its latest Chinese research and development facility, in Dongguan, Guangdong province.

China

Walmart to triple spending on food safety in China

Walmart China will significantly increase its investment in food safety to more than RMB300m (US$48m) between 2013 and 2015. Previously, the retailer had announced investments of RMB100m for the same...

News in brief

Fonterra announces two senior appointments

Fonterra Co-operative Group has made two appointments to ‘further strengthen [its] front bench.’

News in brief

Mystery shrouds New Britain Palm Oil takeover rumours

Mystery surrounds rumours of a sale of a major stake in New Britain Palm Oil (NBPO) and what it could mean after the firm released a vague statement.

US university creates curriculum for Nestlé training center in China

The University of Wisconsin-Madison, US, will develop the curriculum for a $400m Nestlé dairy training center in China. 

Food and drink brands catch World Cup fever

A nationwide World Cup BBQ party beckons, with shoppers set to stock up on food and drink ahead of the England football team’s opening match with Italy on Saturday, Tesco...

Japan

Japanese railway to use KitKat bars as tickets

Japan has a reputation for food innovation, and a new initiative by Nestlé will transform one of its iconic chocolate bars into currency for train travel while at the same...

WPC recall-impacted Nutricia NZ reports 97% profits drop

Nutricia Limited, the Danone-owned New Zealand infant formula business hit by last year's Fonterra whey protein concentrate (WPC) botulism scare, reported a 97% drop in profits in 2013.

Asia-Pacific

ADM announces major Apac business restructure

American agriculture major Archer Daniels Midland will embark on a plan to restructure its Asia-Pacific operations to take into account changes in the region as incomes grow and diets evolve.

Seafood slavery: Asian slave labour producing prawns for European and US retailers

European and US retailers including Tesco, Carrefour and Walmart have been selling seafood from supply chains that involve slave labour, according to the Guardian.

EUROPEAN RSPO 2014

Mondelēz throws down sustainable palm oil gauntlet

Mondelēz is challenging palm oil suppliers to step up their game so it can move towards using physical supplies of purely sustainable palm oil for all its products.

News in brief

Indevex to distribute NGCTM formula in Japan through Asahi agreement

Swedish biotech company Indevex has joined its Symrise KK Far East partner in a supply and licence agreement with Asahi Food and Healthcare to distribute NGCTM Nutrition Formula in Japan,...

News in brief

Connell Brothers to distribute Graminex products in Taiwan

Asia-Pacific’s largest specialty chemicals and ingredients distributor, Connell Brothers, will now manage the sale and distribution of Graminex products in Taiwan, including finished goods and ingredients, such as saw palmetto...

News in brief

New Singapore facilities aim to bring market closer to CP Kelco

Speciality hydrocolloid manufacturer CP Kelco has opened a hub for South Asia alongside a dairy beverage centre of excellence in Singapore, with hopes to strengthen the company’s global innovation footprint....

News in brief

Fonterra names new global operations head

The world’s biggest dairy exporter has appointed a new head of global operations, with Robert Spurway taking on the newly-created position on Fonterra’s management team.

Mondelēz announces palm oil action plan: Non-compliant suppliers will be ‘eliminated’

Mondelēz International has published a palm oil action plan promising to “prioritize” suppliers that meet its sustainability principles – something Greenpeace says is fundamentally flawed due to its definition of what a forest...

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