Business

News in brief

New manufacturing campus to boost Chinese presence, says SPX

SPX Corp launched construction yesterday of a US$40m ‘manufacturing campus’ as part of its strategy to expand in China and the Asia-Pacific region.

Chinese stevia sales drive profits higher at GLG Life Tech

GLG Life Tech has posted higher third quarter profits, driven by increased stevia sales in China, growing demand for natural products in North America and global health concerns, the company...

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Sensient opens new research laboratories in Guangzhou

Sensient Technologies has opened a new plant in Guangzhou, China, including offices and laboratories for the production of flavors, colors, fragrances, and pharmaceutical coatings, the company has said.

GLG finalizes Indian and Middle Eastern stevia agreement

Stevia supplier GLG Life Tech has finalized a joint venture with Global Agrisystem Private Limited (Global Agri), a Katra Group company, to commercialize its stevia extracts in India and the...

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Nestle to build R&D centre in India

Nestle is investing around CHF50m in a new R&D centre in Gurgaon, India, as it expects 45 per cent of its global sales to come from emerging markets within a...

Yakult Danone India expands probiotic operations

The Indian joint venture between Yakult and Danone established in 2005 to bring Yakult probiotic drinks to the Indian market is expanding with Bangalore targeted as the point of entry...

Asahi buys into Australian soft drinks market again

Asahi Breweries has agreed to acquire P&N Beverages, the third largest soft drinks company in Australia in its latest move towards the goal of joining the ranks of the biggest...

PepsiCo invests $250m in Vietnam

Global food and drink giant PepsiCo has pledged to invest $250m in its food and beverage business in Vietnam over the next three years.

Danone sells stake in Coca-Cola courted, Chinese juice firm

Danone has agreed to sell its stake in China Huiyuan Juice Group for significantly less than what Coca-Cola offered before its acquisition bid was blocked last year by Chinese competition...

Asia still focus for Hershey as Q2 income down

Second quarter income for US chocolate maker, Hershey, fell 35 per cent due to factors such as charges related to its supply chain efficiency programme and the joint venture in...

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Pfizer invests $100m in Asian infant nutrition

Drug giant Pfizer has invested $100m in its Singapore plant to boost infant formula output to serve the Asian market.

Fonterra’s new deal for Australian dairy producers

More money for dairy producers, paid earlier in the season to ease cash flow problems are the aims behind a new incentive payment from Fonterra Australia.

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China takes out $100m food safety loan

The World Bank is to lend China $100m in a bid to improve food safety in the country as it recognised the government had made food safety a top priority.

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Cash to help Canadian processors expand in Asia Pacific

Food processors in one region of Canada are to receive almost C$1m to help access new markets in the Asia-Pacific region.

GLG Life Tech seeks stevia market development in India

Stevia supplier GLG Life Tech has announced that it is looking to develop agricultural and extraction facilities for stevia in India, as well as market its stevia extracts in the...

Chinese potato starch firm ups production

Chinese potato starch producer China Essence is ramping up capacity with the construction of two new facilities, expected to be completed this autumn.

Cargill Australia’s oils and fats acquisition in trouble

Cargill’s bid to buy Goodman Fielder’s edible fats and oils business looks to be scuppered by the Australian competition authorities, who say it would be an unacceptable concentration of refining...

Cargill starts flavour production in China

Cargill has opened a new flavour facility in China, which is expected to enable it to better address regional demand and taste in Asia in a timely fashion.

Fonterra reveals expansion plans in China

Fonterra is planning to build two new dairy farms in China as the company struggles to keep up with increasing demand.

Bakery supplier boosts presence in China

Emerging markets continue to attract both food processors and equipment suppliers, with AMF Bakery Systems, a leading supplier of bakery equipment in North America, recently expanding its footprint in the...

Cognis boosts its Malaysian presence

Cognis has set up an affiliate in Malaysia to maximise what it views as the growth potential for wellness products in that country.

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Indian vit C market suffers Beijing hangover

 Supply of the salts needed for vitamin C manufacture is detrimentally affecting India’s vitamin C sector, according to reports.

Cargill agrees Australasian fats acquisition

Cargill has entered into an agreement to acquire the edible fats and oils business of Goodman Fielder in Australia and New Zealand, which it says will aid efficient future growth...

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Price of National Starch’s Aussie acquisition revealed

 AkzoNobel’s National Starch business acquired Australian specialty starch ingredients division of the Penford Corporation for US$12m last week, Penford has disclosed.

National Starch acquires Australian starch business

AkzoNobel’s National Starch business has acquired Penford’s Australian specialty starch business in order to shorten its supply chain for specialty corn starches in the region - despite National Starch being...