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Bega Cheese revenues up

Bega Cheese has announced a normalized 9.9% increase in profit after tax, a revenue increase to $403.5m (A$561.4m) and an EBITDA of $23.6m (A$32.9m) in its 1H 2016 financial report...

Pyreos to work with Bosch India on milk analysis

Pyreos, the UK-based passive infra-red sensor developer, has announced its technical co-operation with Bosch India for the joint development of milk analysis technologies.

Hong Kong gets a taste of Northern Ireland

Hong Kong and Macau are the latest destinations to have been added to Hannan Meats’ growing portfolio of international markets. 

Veolia to build two waste water treatment plants in China

Veolia Water Technologies has won a contract with Bacchus to design and build two wastewater treatment plants in Tianjin and Chengdu, China.

Mondelēz faces US enforcement action for $57m Indian tax bill

The US Securities and Exchange Commission has filed enforcement action against Cadbury maker Mondelēz International for allegedly dodging tax in India.

‘Pact will face competitive constraint from other manufacturers’

ACCC will not oppose Pact’s acquisition of Power Plastics

The Australian Competition and Consumer Commission (ACCC) will not oppose the proposed acquisition of Power Plastics by a subsidiary of Pact Group Holdings.

Parmalat completes purchase of Fonterra yogurt and dairy business in Australia

Italian dairy company Parmalat has announced it has completed the acquisition of Fonterra’s yogurt and dairy dessert business.

News in brief

Digital halal firm plans stock market float

The world’s first e-commerce marketplace for halal products, DagangHalal, has said it intends to float on the London Stock Exchange (LSE) market for smaller growing companies – known as the...

TasFood eyes Nichols Poultry acquisition

Australian agrifood business TasFood Limited is planning a takeover of the family-owned, Tasmanian chicken producer Nichols Poultry. 

China’s meat firms invest in pig herd growth

Nearly 25 million pigs will be added to China’s herd between 2015 and 2018 by a handful of leading companies in investments worth RMB70 billion ($10.74bn).

Nestlé results show Maggi incident still hurts

Nestlé’s still suffering from its Indian Maggi noodle recall and has lost touch with the Chinese consumer, hitting growth for the global food and drink manufacturer, according to market analysts....

Bakery veteran acquires stake in ‘diabetic bread’ biotech firm

Meiert Grootes, chairman of Europe’s biggest supplier of speciality baking products, has acquired a stake in a Malaysian-Australian biotech firm that earlier this year launched ingredients to produce the world’s...

Exclusive interview with DSM president André Bos

Made in China: DSM talks vitamin C price pressures

Increasingly strict environmental rules and rising manufacturing wages in China coupled with declining prices is sending ripples across the vitamin and mineral industry. We ask the president of Dutch multinational...

Infant formula drives profits at a2 Milk

The a2 Milk Company has posted its financial results for the six months ending December 31, 2015.

Russia creates pork hub to target China

Two Russian companies plan to create a pig breeding cluster in the far east of the country within the next five years, designed to have a capacity for 1.2 million...

Australian wine region a barrel of laughs for whisky distiller

Access to high-quality barley and barrels, and a variable yet temperate climate have distillers confident South Australia can emerge as a top-shelf whisky region.

Yamazaki Baking grows bakery sales - and ends Mondelēz partnership

Japanese manufacturer Yamazaki Baking has increased its bread sales in the past year despite the impact of cost-conscious consumers and rising raw material prices.

Barentz forms Iran JV to tap Middle East market

Dutch ingredients producer Barentz International has established a new joint distribution venture in Iran with Future Way Holding, to tap into the formerly-restricted market.

Coca-Cola suspends manufacturing in three Indian plants

Coca-Cola India's bottling arm Hindustan Coca-Cola Beverages has confirmed it has suspended manufacturing at its Kaladera plant in Rajasthan, while media reports suggest other plants in Andhra Pradesh and Meghalaya...

Soda companies rapped for allegedly targeting low and middle income countries

The soda industry has vigorously defended itself against claims it is “borrowing a page from the tobacco industry playbook” by trying to spread its products in low- and middle-income countries.

Traders pound USANA's stock over slowdown in China sales

USANA Health Sciences reported $232.6 million in net sales in its fourth quarter, a 2.1% year-over-year increase. That amounted to $1.83 in earnings per share, but these figures disappointed analysts,...

Shimadzu unveils high-end single quad GC/MS instrument

Shimadzu says its GCMS-QP2020 high-end single quadrupole gas chromatograph mass spectrometer will open up new capabilities for food labs without them having to invest in expansive sample preparation and method...

Asahi bids for Peroni, Grolsch and Meantime beer brands

Japan’s Asahi Group Holdings Ltd has offered to buy SABMiller’s Peroni, Grolsch and Meantime brands, in a bid worth $2.9bn. 

Australia

Coca-Cola launches Fuze Tea backed by ‘multi-million dollar’ campaign

Coca-Cola South Pacific has backed the launch of its Fuze Tea ice tea brand in Australia with a multi-million dollar marketing push. 

Bucha wants to bridge sweet fizzy beverage drinkers to kombucha

Washington-based American Brewing Company started with beer and expanded its product line to include kombucha. Its brand, Bucha, has been credited as one of the fastest growing breakout brands in...

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