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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.

Evolva pays €550,000 for Fluxome resveratrol business

Swiss biotech firm Evolva has bought failing Fluxome’s, yeast-derived resveratrol business for about €550,000 in cash and shares, but says it has no interest in the remaining omega-3 business being...

Danone heralds India’s strength by predicting doubled sales

With the growth of nutritional foods in India outpacing that of China, Danone’s subcontinent head for nutrition has announced plans to double sales in India over the next three years....

Business

Third-time lucky for solo Fonterra operation in India

The first two endeavours might have been abortive, but it seems that Fonterra might finally see success in its third, solo attempt to move into India.

News in brief

New China factory is Wrigley’s biggest

Wrigley has opened a factory in Guangzhou  with an investment of over RMB1m (US$173.4m). The company claims that the 138,000sq-m site, in the Yonghe Economic Zone, is the largest, most...

Nestlé eyes herbal sector with Hong Kong JV; 2013 clinical trials planned

Nestlé has amplified its nutrition presence by forming a joint venture to develop Traditional Chinese Medicines (TCM). Orally consumed gastro products will be first off the rank based on an...

Investment will increase yogurt, milk processing capacity - Meiji

Japanese dairy giant Meiji Holdings has set aside 11.5bn yen ($140m, €110m) to build and equip a new processing plant under plans to increase its yogurt and milk product processing...

PepsiCo needs emerging market focus to repair margins: US investment firm

A US-based investment firm insists that PepsiCo needs to focus on its most profitable brands and emerging markets such as China to bolster margins and regain ground on Coke. 

Social storm pushes Woolworths to remove infant drink

A social media storm and petition have prompted Australian supermarket Woolworths to withdraw all juice supplies of infant drink brand Bebi from its shelves, although its infant suitable water line...

Foster’s Group was ‘undermanaged’ for number of years – SAB Miller CFO

SAB Miller CFO Jamie Wilson admits that the firm has suffered volume declines with Foster’s Group in Australia and is not regaining share, but claims that the takeover was never...

Mondelez in fresh tax evasion probe in India

Mondelez International subsidiary Cadbury India is under investigation for alleged evasion of excise duties by authorities in India.

Goodman Fielder ups bakery prices thanks to better retail relations

Australian food firm Goodman Fielder said that thanks to better dialogue with its retail partners, agreed price increases across its bakery arm will help boost business further.

Nestlé faces Pfizer Nutrition brand 'blackout' in Australia after Mexican setback

The Australian Competition and Consumer Commission (ACCC) yesterday approved Nestlé’s €9bn ($11.59bn) acquisition of infant nutrition business Pfizer Nutrition.

Rimfrost taps Aker's Australian krill patents

Olympic Seafood-owned krill subsidiary Rimfrost has negotiated a long-term, non-exclusive licencing agreement with fellow Norwegian firm Aker BioMarine to secure access to the krill major's patent portfolio in Australia.

Massey planning agri-research in new Sino-NZ business park

A delegation of municipal staff from south Beijing have returned home after seeking New Zealand’s expertise in food production ahead of the completion of a Sino-Kiwi agricultural park in the...

GrainCorp rejects ADM’s takeover bid as full-year profits soar

Australian commodity giant GrainCorp rejected ADM’s $2.8bn takeover bid stating it ‘materially undervalues’ the business.

Nestlé invests big in R&D centre for India

Understanding India’s consumer food trends is never an easy job, and with this in mind, Nestlé has opened its first research and development centre in the country. It will use...

Kellogg-Wilmar JV will dive into immediate snacks opportunity

Kellogg and Wilmar’s 50:50 joint venture will dive into immediate opportunities in China’s developed snack market; using Pringles as its springboard, a Kellogg executive has said.

News in brief

HanAll to distribute AB-Life in South Korea

AB-Biotics has signed an agreement with HanAll BioPharma to distribute its cholesterol-lowering probiotic in Korea. The deal will give the Korean company a 10-year licence to exclusively distribute the AB-Life...

News in brief

Yakult and Danone in talks in Japan

Reuters reports that Japanese drink maker Yakult Honsha has confirmed it has agreed with Danone SA to continue talks on the possibility of the French food company to take a...

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Ridley takes on Australian BPL meat renderer

One of Australia’s leading animal nutrients suppliers, Ridley Corporation, has announced it will acquire BPL, Victoria’s largest red meat and poultry renderer for AU$77m. 

DSM buys Fortitech for €495m; “We are done for awhile”

Rampant nutrition business acquirer, Royal DSM, has splashed the cash for the ninth time in two years – this time to the tune of €495m ($634m) on US-based multinational nutrient...

‘Weak global chocolate consumption’ hurts Petra Foods

Singapore-based Petra Foods has posted sales and profit declines in the third quarter (Q3) as it complained of weak global demand for chocolate that halved profits in its cocoa ingredients...

Emerging markets boost Symrise profits for Q3

‘Above average’ growth in emerging markets has led to a strong increase in sales and profits for flavour and fragrance giant Symrise.

News in brief

Aker secures four krill ‘innovation patents’ in Australia

Aker BioMarine has announced that its claims covering krill oil compositions on sale in Australia have been awarded “innovation patents”. 

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COMSTECH seminar aimed at food safety

COMSTECH is holding a seminar on food production and processing technologies aimed at bring different industry voices together to optimise food safety.

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