SUBSCRIBE

Breaking News on Food, Beverage & Supplement Development - Asia PacificEU edition | US edition

Headlines > Business

News in brief

Cash for Ash: Coke offers Chinese workers 'environmental hardship allowance'

Coke is offering an 'environmental hardship allowance' to staff in China as it tries to attract and retain talent, the Times of India reports.

Insight

Turning tables: NGOs commend multinational for transparency in Myanmar

In a rare move, NGOs and rights experts commended Coca-Cola for a report it has submitted with the US State Department regarding its responsible business practices in Myanmar.

China

Abbott and Fonterra to join forces in widespread China expansion

A US-based infant formula major and New Zealand’s biggest exporter have joined forces to build up to five dairy farms in China to secure supply for China’s newfound voracious appetite...

Guest article

Does Unilever’s Slim-Fast fail signal the end of weight management as we know it?

Fourteen years after Unilever spent $2.3bn (€1.7bn) to buy Slim-Fast, it has sold up for an undisclosed sum to a private equity player. Analyst and author Julian Mellentin tracks the...

India

Carrefour closes doors on its Indian operation

With a simple press release issued this week, Carrefour brought to a close its Indian experience by announcing the closure of its trade stores in the country.

Asian investors plough $106m into ambitious Chinese dairy Huaxia

A coalition of Asian investors is ploughing US$106m (€77.7m) in to Huaxia Dairy Farm to fund an expansion of the Chinese company's farming and processing operations.

Fonterra and Dairy Crest enter infant formula ingredients partnership

Dairy Crest and Fonterra have entered into a strategic partnership to produce and market infant formula ingredients, demineralized whey powder and galacto-oligosaccharide (GOS).

Australia

Goodman Fielder agrees to takeover bid from Wilmar and First Pacific

Iconic Australian food maker Goodman Fielder has finally agreed to an A$1.34bn (US$1.26bn) offer by Wilmar International and First Pacific Company to acquire the company after the last two bids...

Fonterra, Dairy Crest quiet on demineralized whey partnership reports

British firm Dairy Crest has confirmed it will be “partnering with someone” to supply demineralized whey powder for infant formula, but declined to confirm reports it is close to sealing...

News in brief

tna opens Thailand office

tna has expanded its operations in Asia by opening an office in Bangkok, Thailand.

News in brief

LycoRed appoints Rony Patishi-Chillim as CEO

Israeli carotenoid specialist Lycored has appointed Rony Patishi-Chillim as CEO as the firm seeks nutrition sector consolidation.

Chinese organic dairy Shengmu launches expansion-driven IPO

Shengmu Organic, China's largest organic dairy player, is seeking to raise up to HK$1.3bn (US$169m, €124m) through an initial public offering (IPO) of shares in Hong Kong.

News in brief

Taura Natural Ingredients secures European distributor for fruit series

Taura Natural Ingredients is teaming up with France-based Phoenix Ingredients for European distribution of its Gourmet Series fruit line.

China

Bright Food eager to snap up more big international acquisitions

Unbowed by the decision by credit agency Moody’s to downgrade its outlook last month to “negative” following the recent near-billion-dollar Tnuva buy-in, Bright Food is now said to be looking...

News in brief

New $27m Givaudan plant opens in Indonesia

Indonesia’s fast-growing importance in flavour production was acknowledged by the opening of a US$27m spray-dry facility by the worldwide flavours and scents market leader, Givaudan.

News in brief

Ammeraal Beltech opens China facility

Ammeraal Beltech has opened a manufacturing facility in China. 

2014 SPECIAL EDITION: DAIRY PRODUCT QUALITY TESTING

Fonterra never checked Sanlu's dairy products prior to deadly China melamine crisis, study warns

Decentralized milk supply chains were largely to blame for the melamine scandal that bankrupted China’s Sanlu in 2008, but its partner Fonterra's experience ‘did not appear helpful’ in stopping deadly...

BREAKING NEWS

Coca-Cola India wins ruling overturning Uttar Pradesh plant closure order

Coca-Cola India's controversial bottling plant in Uttar Pradesh will reopen after a national environmental tribunal today stayed a local pollution control board ruling ordering its closure.

News in brief

Nestlé opens third China R&D centre

Nestlé has officially inaugurated its latest Chinese research and development facility, in Dongguan, Guangdong province.

China

Walmart to triple spending on food safety in China

Walmart China will significantly increase its investment in food safety to more than RMB300m (US$48m) between 2013 and 2015. Previously, the retailer had announced investments of RMB100m for the same...

News in brief

Fonterra announces two senior appointments

Fonterra Co-operative Group has made two appointments to ‘further strengthen [its] front bench.’

News in brief

Mystery shrouds New Britain Palm Oil takeover rumours

Mystery surrounds rumours of a sale of a major stake in New Britain Palm Oil (NBPO) and what it could mean after the firm released a vague statement.

US university creates curriculum for Nestlé training center in China

The University of Wisconsin-Madison, US, will develop the curriculum for a $400m Nestlé dairy training center in China. 

Food and drink brands catch World Cup fever

A nationwide World Cup BBQ party beckons, with shoppers set to stock up on food and drink ahead of the England football team’s opening match with Italy on Saturday, Tesco...

Japan

Japanese railway to use KitKat bars as tickets

Japan has a reputation for food innovation, and a new initiative by Nestlé will transform one of its iconic chocolate bars into currency for train travel while at the same...

Key Industry Events

 

Access all events listing

Our events, Shows & Conferences...