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

Headlines > Business

$1 billion annual sales mark in view as Usana rides Q2 sales boom in China

Shares of Usana Health Sciences rose as much as 21% after the company announced strong second quarter earnings that were highlighted by a boom in China, where sales rose 84%....

Energizing Zest Tea charts high-octane growth

Many a tea lover has settled for coffee or an energy drink when desperate for an energy fix. But Zest Tea hopes to change that with its high-caffeine brewed teas. ...

Q2: Sales up, profits down at DSM Nutritional Products

The food and nutrition ingredients division of Dutch giant DSM has seen sales rise 16% to €1.247bn (US$1.37bn) in Q2 but profits slipped 6% amid ongoing pricing challenges on some vitamins....

IFT Annual Conference

Health benefits, convenient format drive sales of Matcha green tea

Matcha tea, known for its vibrant green hue, is hitting its stride in the U.S. where household penetration is currently low but sales are climbing double-digit year-over-year – representing significant...

The promise of premium: AB InBev confident in Chinese beer strategy

AB InBev says its premium and super-premium strategy in China is paying off, with the brewing giant building the category to meet ‘pent up demand.’ 

Dateline Southeast Asia

Ministry: Hiked import tariffs not a means to swell Indonesian coffers

Ministry: Hiked import tariffs not a means to swell Indonesian coffers

Mead Johnson Nutrition to pay $12m to settle SEC China bribery charges

Mead Johnson Nutrition has agreed to pay $12m (€10.9m) to settle a US Securities and Exchange Commission (SEC) investigation into the "promotional practices" of its Chinese business.

Developing markets show more concern for environmentally sound packs than developed ones: Tetra Pak

Consumers demonstrate growing interest in environmentally sound packaging, with shoppers in developing countries wishing to secure a cleaner environment for their children, according to Tetra Pak. 

Blendhub Corp. to open 40 factories in the next 3 years as processed food sales reach $8tn in 2016

Blendhub Corp. has set up its third Portable Powder Blending plant (PPB) in Mexico, after Spain and India, as it plans to open 40 factories in the next three years...

Danone to swap Dumex China infant formula unit for larger stake in Mengniu

Danone plans to use proceeds from the proposed sale of its Dumex China infant formula business to increase its stake in Mengniu.

Emerging markets

‘India’s first aerated chocolate’: Mondelēz brings bubbly platform to fastest growing emerging market

Mondelēz International has launched what it claims is India’s first aerated chocolate by bringing Cadbury Dairy Milk Silk Bubbly to the world’s fastest growing chocolate market.

Indonesian-sourced tuna linked to Salmonella illnesses

Osamu Corporation is recalling all of its frozen tuna sourced from one processing plant in Indonesia because samples have been found to be contaminated with Salmonella.

News in brief

Iggesund Paperboard to open sheeting and warehousing facility in Taiwan

Iggesund Paperboard will open a sheeting and warehousing facility in Taiwan at the end of July 2015.

a2 Milk Company rejects Dean Foods, Freedom Foods takeover bid

The a2 Milk Company (a2MC) has rejected a joint takeover bid by Australian firm Freedom Foods and US dairy giant Dean Foods.

Japan

KonaRed looks to Pacific neighbour for new coffee fruit market

Hawaiian antioxidant juice manufacturer KonaRed is moving into Japan with its nutritional supplements made from the American state’s indigenous coffee fruit.

Fonterra slashes workforce by more than 500 'to remain strongly competitive'

Fonterra, the world's largest dairy exporter, is reducing its workforce by more than 500 in the face of falling milk prices.

Japan signs Alga Tech deal

Alga Technologies, an Israeli-based astaxanthin producer, has signed a deal to supply Fujifilm in Japan with AstaPure, which will be used in the firm's Astalift skin care products.

Special edition: Product Inspection

Tomra: ‘Emerging BRICS markets provide opportunities but very different challenges’

Tomra Sorting has launched three products to market in the last three months as it claims the emerging BRICS markets provide new opportunities but also very different challenges.

Beijing Angus beef processor arises amid demand for premium

China’s taste for premium beef has transformed one of Beijing’s rural districts into a breeding base for one of the country’s key processors of premium Angus beef.

Almarai profit up 22%, but subsidiaries lose US$87m

Saudi food producer Almarai announced a 22.4% rise in profits to reach US$141m for its second quarter, with increased sales, but also a US$87.5m write-down of its subsidiaries.

Seaweed feed firm generates €1.4m in funds to hike capacity

An Ireland based macroalgae derived feed ingredient firm has raised €1.4m in funding to significantly boost production output.

News in brief

Diet Pepsi with aspartame will be available online when recipe switches to sucralose, says PepsiCo

While Diet Pepsi will go aspartame-free in August, PepsiCo says fans of the original formula should still be able to buy it online.

Sanger Australia merger comes amid cattle trading boom

Bindaree Beef, the Inverell-based Australian meat processor, has merged with marketing and logistics company Sanger Australia.

Neighbouring Fonterra and A-ware plants get the royal treatment at opening

King Willem-Alexander of the Netherlands was on hand to officially open Fonterra's first wholly-owned and operated European ingredients plant. 

Volac and Wilmar feed fats JV bolstered to go beyond dairy and Australasia market

Volac and Wilmar are scaling up an existing joint venture in feed fats to target both a broader range of livestock production and more regions.

Key Industry Events

Vitafoods Asia 2015

Hong Kong / Conference and exhibition

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Fi Asia

Bangkok / Conference and exhibition

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Food Vision USA 2015

Chicago, IL / Conference

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