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Supermarket wars

Woolies attacks with discounts, Coles hits back with big-box booze

Woolworths has broken an apparent ceasefire in Australia’s so-called supermarket wars by launching a fresh salvo at bitter rival Coles in the form of discounts of up to 33%.

Want-Want chairman tops Forbes Taiwan rich list as China business booms

The chairman of Taiwanese food and drink major Want-Want has topped the Forbes Taiwan rich list for the second year running on the back of a booming snacks business in...

Manjushree Technopack results strong as exports soar

Export expansion has boosted Manjushree Technopack's full year figures, as the Bangalore-based plastic packaging manufacturer adds to capacity with two newly built factories.

Egg and dairy free demands mount on top of gluten-free, says Foodstuffs New Zealand

Sales of gluten-free bread and cereal in New Zealand are surging, but consumers are increasingly demanding egg and dairy free options too, according to grocery distributor Foodstuffs.

'Australian dairy producers fail to understand overseas markets'

Australia’s dairy companies have failed to invest in technology and do not try hard enough to profit from international trade, Murray Goulburn’s chief executive, Gary Helou, has warned.

New extension increases Singapore’s role in Nestlé empire

Nestlé has opened a new extension to its research and development centre in Singapore that it says will allow greater focus on the Asia-Pacific region—its fastest-growing market.

Hershey brand launch in ‘fastest growing’ Chinese confectionery segment

Hershey has launched a new brand in China that will operate in what it has called the country’s fastest growing confectionery segment.

Nestlé quashes rumours of Punjab pull-out

Nestlé India has quashed rumours that it will withdraw from its first dairy unit in the country by committing to a Rs250 crore (US$45m) expansion to the Moga plant in...

Inspiration for innovation: Connecting senior execs with best-in-class innovators creates ‘excellent breeding ground for innovative idea generation’

From Nike’s Bill Bowerman being inspired by a waffle iron, to studying the behavior of herding cows for the redevelopment of Times Square, cross-pollination of ideas from different fields can...

Back-again Danone prepares for China dairy threesome

Danone has agreed a series of deals with Cofco, China’s largest food company, and Hong Kong-listed China Mengniu.

News in brief

Biova egg membranes get preferred distributor for Japan and Tawan

Biova, the water soluble egg membrane supplier, has finalised an agreement with Maypro Industries to be its preferred distributor of its ingredient portfolio in Japan and Taiwan.

INDUSTRY VOICES: GUEST ARTICLE, HEAD OF AKTIEFOKUS CHINA, JACOB DE LICHTENBERG

Carlsberg faces Chinese challenge in booming Yunnan beer market

Danish multinational brewer Carlsberg, which once held a solid market share in the Southwestern Chinese province of Yunnan, is facing tough competition from new entrants and existing competitors desiring a...

Petra Foods buoyed by ‘vibrant’ Asian consumption in Q1

Singapore-based Petra Foods has reported first quarter profit gains in its branded consumer division driven by rising chocolate consumption in markets such as Indonesia and the Philippines and improved margins...

Dairy

Synlait considers IPO as it prepares to export a2 to China

Chinese-controlled New Zealand dairy processing company Synlait Milk is considering a public listing of its shares on the NZX New Zealand main-board stock exchange.

Indian issues

Excise issues tax notices to two Mallya empire companies

Two of flamboyant Indian drinks tycoon Vijay Mallya’s businesses have been issued show-cause-cum-demand notices by the Directorate General of Central Excise Intelligence for allegedly evading service tax of Rs91 crore...

Mengniu to become 'single largest' shareholder of China Modern Dairy through deal

Mengniu has entered into an agreement that will see it become the single largest shareholder of China’s biggest raw milk producer, China Modern Dairy.

Heineken follows Carlsberg into Burma with $60m brewery build

Heineken has signed a JV to produce and sell Heineken beers in Burma (Myanmar), and plans to build a $60m brewery there, following Carlsberg, Coke and Pepsi into the country.

Cargill starts construction of $100m Indonesian cocoa processing plant

Ingredients supplier Cargill has broken ground on its first cocoa processing facility in Asia located in Gresik, in the East Java region of Indonesia.

CCA boss defends Aussie Coke prices after blistering Coles attack

Coca-Cola Amatil (CCA) MD Terry Davis has responded to an attack from the CEO of retail giant Coles, who claims that Coca-Cola costs Australian consumers too much at a 60%...

Asian margins matter less than growth in key markets, Carlsberg CEO

Carlsberg CEO Jorgen Buhl Rasmussen says the firm is currently less concerned with building Asian margins than securing growth in a key region, particularly in markets such as China and...

Aussie processing still contracting, firms call for spending growth

Recent shocks in Australian food processing have been reflected in the latest Australian Industry Group report on manufacturing performance, which covers the month of April.

Business

Unilever HUL extension makes sense and is about time coming

That Unilever wants to extend its stake in its emerging markets subsidiary should not come as a surprise, and neither should be the fact the company is happy to part...

Case study

Old Monk’s vow of silence sees rum brand in freefall

Is Old Monk old hat? Judging by figures released this month by Impact Databank, it seems the once omnipotent Indian rum brand is well on its way to oblivion—or ripe...

News in brief

BASF Petronas to build US$500m aromas plant in Malaysia

BASF and Malaysian partner Petronas Chemicals Group will invest MYR1.4bn (US$500m) in an integrated aroma ingredients project in Kuantan to serve the Asia-Pacific flavour and fragrance industry.

ADM edges closer to A$3.4bn GrainCorp takeover

ADM will put forward a third, higher bid of A$3.4bn ($3.5bn) for Australian bulk grains specialist GrainCorp after a full financial review of the company.

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