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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.

Coca-Cola FEMSA buys Coke’s Philippines bottling operation for $688.5m

Coca-Cola FEMSA has sealed a deal to acquire a majority stake in the Coca-Cola Company’s Philippines bottling operation in Mexico City, and hailed an import milestone in its history.

ANALYST INSIGHT

Suntory UK focus after $6bn IPO could see it snaffle Barr Britvic: Analyst

With rumors swirling that Japanese giant Suntory is considering a $6bn IPO next year, one analyst reasons that any desire to enter the UK market could see it target Barr...

ADM gets second takeover rejection from GrainCorp

GrainCorp has snuffed Archer Daniels Midland's (ADM) second, higher takeover bid saying that it still “materially undervalues” the business.

News in brief

Suntory plans share sale to fund M&A drive?

Multinational Suntory Holdings plans to sell shares in its non-alcoholic drinks business to fund a mergers and acquisitions (M&A) drive, according to unnamed sources cited by Bloomberg.

Coca-Cola Amatil brews cider first as Swedish hit Rekorderlig joins 2014 portfolio

Coca-Cola Amatil (CCA) has signed a deal to distribute Swedish cider Rekorderlig in Australia from January 2014, and said its sales and distribution strength would help consolidate the brand’s market-leading...

INDUSTRY VOICES: HEAD OF AKTIEFOKUS CHINA, JACOB DE LICHTENBERG

Carlsberg signals Chinese strategy shift and 'Top 3' ambition

For Chinese beer market followers, one of the most interesting developments over the last fortnight was Danish brewer Carlsberg’s announced strategy shift and expressed desire to acquire one of the...

Palsgaard backing Asian confidence with increased investment

The chief executive of Danish chocolate and extruded whipping cake emulsifiers major Palsgaard has outlined the reasons behind the company's recent significant investment in the Asia-Pacific region.

Dole sale nears completion, president moves to Itochu

It seems like the sale of Dole's worldwide packaged foods and Asia fresh business to Itochu is almost complete, following an announcement that the American fruit major's president will be...

News in brief

Goodman Fielder offloads NZ flour milling business to Japanese firm

Australian food giant Goodman Fielder will offload its New Zealand flour milling business to Japanese firm Nisshin as part of its wider strategy to recover from struggling finances.

News in brief

Yakult to build second Yongshe plant

Yakult Honsha’s love affair with Yonghe is set to continue with the announcement of a second plant to be built in the economic zone in Guangzhou Province, China. The factory,...

Hope for Rosella but industry in trouble

Despite positive news that the ailing company behind Rosella is likely to continue trading while a buyer is sought, Australia’s leading food production lobby has issued a stark warning that...

News in brief

Chobani plans Asian charge with new Australian factory

Chobani has opened new A$30m factory on the outskirts of Melbourne that will act as the company's hub for expansion across Asia.

Sunwin Stevia pours cash into production

Sunwin Stevia International has invested heavily in production capacity to support declared growth plans in China.

GrainCorp will review ADM’s second, higher $2.9bn takeover bid

Australian bulk grains specialist GrainCorp will review Archer Daniel Midland’s revised takeover bid after initially rejecting its first offer.

News in brief

Rexam boosts Indian beverage can output to 950m

Rexam has opened a new aluminium line in India costing circa. 30m that increases the plants capacity to around 950m cans per year, and said the investment fitted its strategy...

Krill wars

Neptune and Aker facing off in court yet again

Australia is the site of the latest battle between Neptune and Aker Biomarine. In addition to patent strife between the two krill majors in American courts, Canadian Neptune has now...

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...

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