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News in brief

Mars launches Galaxy at 'accessible' price in India

Mars has launched premium tablet chocolate brand Galaxy (also known as Dove) in India at a reduced price point.

Warrnambool backs latest 'superior' Saputo takeover bid

Warrnambool Cheese and Butter (WCB) has again given its backing to the latest takeover bid by Canadian dairy giant Saputo, rejecting rival offer by Murray Goulburn and Bega Cheese.

Barry Callebaut completes $19m Japan factory move

Barry Callebaut has finalised the move of its Japan’s chocolate factory from Amagasaki to Takasaki in an investment worth $19.4m.

Indra Nooyi laughs off ‘irrelevant’ Pepsi v Coke competition talk

Indra Nooyi says people should forget PepsiCo’s Coke rivalry in India and welcome both firms’ $10.5bn investment in the country, where the middle class will exceed that of the US,...

Fonterra to acquire under-administration Tamar Valley Dairy yogurt assets

Fonterra has moved to strengthen its leading position in the Australian yogurt sector through the acquisition of Tasmanian firm, Tamar Valley Dairy, which went into administration earlier this year.

Industry Voices - Cocoa in the developed world

‘We want to put Australia on the map for origin chocolate’ – Daintree Estates

The company behind Australia’s first single origin chocolate says the country’s cocoa is rich in polyphenols and is set for a big future. Its executive chairman, Cadbury veteran Barry Kitchen...

Jenny Craig bought from Nestlé, Australian jobs not under threat

Nestlé has announced it has sold its weight management business, Jenny Craig, in Australasia and  North America to a US-based private equity group North Castle Partners. 

Big trouble in little China as Mondelez misses expectations

Mondelez International has fallen short of sales expectations in the third quarter (Q3) as the slowing Chinese economy dented consumption, particularly in its biscuit category.

Tiger beer sales soar in Asia-Pacific as Heineken changes tack

Heineken attributes booming Tiger beer sales of 20% in Asia Pacific to a more mainstream market positioning slightly below its eponymous brand.

News in brief

Aker boosts Australasia team with new appointment

Aker BioMarine has expanded its team in Australasia by hiring Alex Tomlinson as its business development manager. Tomlinson will help lead the region's new office in Melbourne, Australia, with a...

DSM profits rise 27% but nutrition space ‘sluggish’ as omega-3 bites

DSM has delivered a Q3 increase in EBITDA earnings of 27% across all its divisions despite “headwinds” like the ongoing economic flatline in Europe and elsewhere, challenging currency movements and rising ingredient...

Lotte eyes ambitious overseas growth driven by China

Korean confectioner Lotte is aiming to increase its overseas sales six fold in the next five years led by growth in China, India and Russia, the firm said in its...

News in brief

EID Parry settles with LycoRed following patent infringement suit

LycoRed has now reached a settlement with Indian firm EID Parry after the carotenoids supplier filed for patent infringement in March last year over its tomato lycopene products and related...

Opinion

Speculation suggests BK is learning from others' Indian midadventures

The wires are ablaze with talk today about the long-awaited entry by Burger King to the Indian fast food market – as much for the chain’s late arrival in the...

News in brief

OSI opens China’s biggest poultry processor

OSI Group is on the way to becoming Asia’s biggest value-added meat processor after the American food major opened two more plants in China. 

Lion share purchase adds new roar to Warrnambool takeover battle

The battle to acquire Warrnambool Cheese & Butter (WCB) has taken a new turn, with New Zealand-based food and beverage company Lion acquiring a 9.99% shareholding in the Australian dairy processor....

SODA BEHEMOTH MEETS 'INCREASINGLY DIVERSE' CONSUMER DEMANDS

‘Major milestone’ as Coke inaugurates largest China bottling site

The Coca-Cola Company is set to open a $106m site in China’s Hebei province and says its bottling activities across five provinces although it to meet ‘increasingly diversified’ consumer needs....

Japanese rice processor in $10m US debut

Shinmei Co. Ltd is investing more than $10m in a rice processing facility in California to produce a gluten-free ‘Rice Bun’, an alternative to the burger bun, in the US.

Samjo starts up new plant with eye on China’s bakery market

Korean food firm Samjo Celltech is set to begin production of sauces and seasonings at its new plant in the Chinese city of Weihai in eastern Shandong Province, the company...

Looking for a new job in food and beverage? Start your search at FoodNavigator’s new global jobs site

Looking for a new challenge in your career? Check out food and drink’s most powerful global recruitment network from the publisher of FoodNavigator-USA and FoodNavigator. 

Chr Hansen CEO on ‘solid’ 2013 profit: ‘We are very proud of our European performance’

Chr Hansen CEO Cees de Jong today praised the Danish enzymes, cultures and colours specialist’s 2012-2013 performance that saw revenues grow 6% to €738m for the year, and highlighted 5%...

News in brief

Carlsberg breaks ground on Burma's 'first international brewery'

Carlsberg’s CEO says his firm remains well-positioned for future growth after breaking ground on Burma's 'first ever' international brewery and starting construction on another facility in China.

News in brief

Benecol arrives in the Philippines

Raisio’s Benecol partner, Kalbe International, has launched Benecol smoothies on the Philippine market. 

Fonterra disposal practices probed over 'Lake of Buttermilk' concerns

An investigation into Fonterra's buttermilk disposal practices has been launched in New Zealand in response to concerns about the size of a dumping site dubbed the 'Lake of Buttermilk'.

McAloo Tikki enters row as another Indian JV starts to fall down

The humble McAloo Tikki, McDonald’s' cheapest and most popular sandwich in India, is at the centre of a row between the multination’s regional office and one of its disgruntled joint-venture...

Key Industry Events

Vitafoods Asia 2015

Hong Kong / Conference and exhibition

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Fi Asia

Bangkok / Conference and exhibition

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Food Vision USA 2015

Chicago, IL / Conference

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