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.

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...

Thailand

Bowman enters Apac food coatings business through Thai joint-venture

UK-based food coatings specialist Bowman Ingredients has launched a new offshoot in Thailand with a joint-venture with an family-owned food coatings firm based near Bangkok. 

Malaysia

Evolva to open Apac centre to explore endangered agarwood production

Evolva Holding will collaborate with Universiti Malaysia Pahang to establish a scientific centre of excellence for natural products from Malaysia in Pahang state’s Flavour and Fragrance Cluster.

Dispatches from Vitafoods Europe 2014

Keeping it clean: 3 botanical chiefs pull adulteration weeds

Botanical adulteration, like doping in sports, is a problem that can be controlled but never totally resolved, but what is being done about it? Here the world’s biggest botanical players...

Southeast Asia

Unilever takes down ad banners showing extremist support in Burma

A year after opening its operation in Burma, consumer products giant Unilever is finding itself in hot water this week after advertising banners for the company’s products were found to...

News in brief

Nestle enters Nescafe JV with South Korea's Lotte Foods

Nestle has announced a JV with South Korea's Lotte Foods to make and distribute Nescafe coffees, powdered chocolate and other beverages in Korea.

One-third of Chinese infant formula production permits not renewed: SFDA

Production permits held by more than one third of China's infant formula manufacturers have not been renewed, following a six-month campaign to boost the standard of domestically-made products.

Inside... the Vietnam Milk Factory

What does 'mega' look like: Vietnam Milk Factory

Reading statistics about processing equipment at a milk ‘mega factory’ is one thing: to see it in action from the factory floor is quite another. 

Australia

Watchdog starts proceedings against alleged egg cartel attempt

The Australian Competition and Consumer Commission has begun proceedings in the Federal Court against the country’s representative body for the egg industry and two producers over an alleged attempt to...

Nestlé, Fonterra divide up Latam JV Dairy Partners Americas

Fonterra and Nestlé have "realigned" their decade-old Latin American joint venture, Dairy Partners Americas, to "better reflect" the strategic focus of each company....

Japan

Mizkan agrees deal to buy Unilever’s Ragu and Bertoli brands

Japan’s Mizkan Group has signed a deal with Conopco, the Unilever subsidiary, under which it will acquire the Ragu and Bertolli pasta sauce brands for JPY215bn (US$2.15bn).

R&R Ice Cream boasts 'unique presence' through Australian Peters deal

Europe's largest private label ice cream manufacturer R&R has acquired Australian rival Peters Food Group - a deal that gives it a "unique presence in the European and Australian markets."...

Bright Food to acquire controlling stake in Israeli dairy Tnuva

Chinese dairy giant Bright Food looks set continue its international expansion after agreeing to acquire a controlling stake in Israel’s largest dairy, Tnuva Foods.

News in brief

Devondale Murray Goulburn unveils AU$19m infant formula powder investment

Devondale Murray Goulburn, Australia’s largest dairy cooperative, hopes to meet increasing global demand for infant and follow-on formula with a AU$19m (US$17.5m, €12.9m) expansion of its Koroit plant....

Southeast Asia

Vietnamese flavours company takes on big boys in its own backyard

While the trend for major flavour players to decamp in Asia-Pacific continues to grow, one Vietnam-based company has said such companies are not doing enough for this vast new market.

Drambuie sale: Suntory ‘favourite’ to buy

Suntory would be the “favourite” to buy Scottish liqueur brand Drambuie, one analyst has claimed, as news emerged that owners the MacKinnon family were exploring a possible sale.

EFSA gives Monsanto the green light on SDA-rich GM soy

The European Food Safety Authority (EFSA) has delivered a positive scientific opinion on Monsanto’s MON 87769 soybean crop, which has been genetically modified to contain stearidonic acid.

Ball expands Coca-Cola Pinya line in Southeast Asia

Ball Corporation will build a one-line beverage can manufacturing plant in Myanmar for Coca-Cola Pinya drinks and several other regional and multi-national customers.

Key Industry Events