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

Headlines > Business

Danone Dumex cuts Chinese infant formula prices by up to 20%

Dumex – Danone’s infant nutrition business in Asia – has announced plans to reduce the price of its infant formula products in China by up to 20% in response to...

Aussie suppliers watch profitability plunge by almost 30%

Australian food and grocery suppliers saw their profitability drop by 28% between 2010 and 2012, according to a report from he Australian Food and Grocery Council.

Australia a spirit-based ‘RTD island’ in itself: Gruppo Campari

Gruppo Campari tells BeverageDaily.com that Australia is an historical heartland for spirit-based RTDs as it targets Asia Pacific growth by buying its first dedicated production facilities in the country.

Finance

VKL to get $40m investment to focus fully on Indian QSR supply

Private equity investor India Value Fund Advisors has revealed it will invest US$40m to finance the next phase of growth of a domestic food ingredients company – the latest in...

Good news all round for Australia’s dairy industry

Following record opening prices for this year’s Australian dairy season, Devondale has piled on the good news by announcing the construction of a major new milk processing facility in Sydney’s...

Aroma ingredients

Solvay to bring vanillin manufacturing to Zhenjiang

International chemical group Solvay is the latest aromas company to choose China to produce its ingredients.

News in brief

Fonterra to double Waikato storage capacity through NZ$27m investment

Fonterra has announced plans to plough NZ$27m ($21m) into the development of a new dry store distribution centre at its Te Rapa processing facility in the Waikato region of New...

Success story

Aussie support helps Spring Gully out of its pickle

Amid headlines of foreign takeovers and the strong Aussie dollar sending companies into insolvency, there is some good news now for a well-loved company that has finally battled through administration...

Suntory could build UK ‘bridgehead’ with GSK brands Ribena and Lucozade

GlaxoSmithKline’s (GSK’s) brands Lucozade and Ribena are tempting targets for Far Eastern trade players such as Suntory Holdings that wish to establish a bridgehead in the UK, says an M&A...

News in brief

Mylan taps into Indian women’s care, plans further expansion

US-based Mylan’s Indian subsidiary has launched a range of eight women's care products that focus on hormone therapy, pre- and post-natal nutrition and the management of PMS. This follows the...

ADM's GrainCorp takeover in shareholders' hands

GrainCorp’s board of directors has recommended that its shareholders accept the A$3.4bn (US$3.16bn) takeover bid from Archer Daniel Midland in the absence of a superior offer.

News in brief

Thai rice major buys over 100 processing machines for major upgrade

Optical equipment manufacturer Bühler Group has tied up with Siam Indica, Thailand’s largest rice exporter in a deal to supply more than 100 rice processing machines.

CP Kelco and Jungbunzlauer welcome the determination

Xanthan gum: ITC/DOC find Chinese suppliers guilty of dumping

Imports of xanthan gum from China have been hit with anti-dumping duties following an investigation by the US International Trade Commission (USITC) and the US Department of Commerce.

Synlait Milk launches expansion-funding NZ$120m public share offering

New Zealand-based infant formula manufacturer, Synlait Milk, has launched an initial public offering (IPO) of shares in the hope to raising around NZ$120m (US$93m) to fund a series of "growth initiatives."...

Japan calls for more GMO info before lifting US wheat ban

Japan will not lift its ban on US Western White wheat imports until the American government provides detailed information on the extent of unauthorized genetically modified wheat found in Oregon,...

Interview

‘Milk protein products offer safe haven for embattled Chinese’

Last month, Arla Foods Ingredients launched its new Nutrilac Natural Improvers range together in both Europe and China. The idea was to provide natural and functional proteins derived from milk...

Coca-Cola plans to expand soon after its victorious return to Burma

With the bunting barely cleared away following Coca-Cola’s triumphal march on Rangoon earlier this month, the company’s local partner has already indicated more celebrations are on the horizon.

Mondelez spends $85m on Chinese biscuit plant expansion

Mondelez International has announced that it has begun expanding an Oreo and Chips Ahoy! biscuit plant based in the second largest market for both brands - China.

Case study: Synergy's new Bangkok hub

Don't try to tell a Thai which kind of mango he should like

Last month, Synergy, the Irish-owned flavours and ingredients company, opened a new manufacturing facility in Thailand, making it the latest in a long line of Western companies tapping the country...

Australian monopoly regulator says no to Heinz baby food takeover

Heinz’s proposed acquisition of Rafferty’s Garden looks to have been crushed after the Australian Competition and Consumer Commission vowed to oppose the move.

M&As

Rushi, J-Oil and Toyota form edible oil super-corporation in India

Ruchi Soya, one of India's biggest food companies has entered into a joint-venture with J-Oil, Japan's leading edible oil business, and Toyota Tsusho Corporation, the global trading firm. The aim...

Exclusive interview

Naturex CEO talks HQ expansion, green credentials and the memory of Jacques Dikansky

Naturex hosted 500 of its employees and guests the weekend just passed as it inaugurated a €12m expansion of its Avignon HQ in southern France. We caught up with CEO...

Norwegians debut 'compressed' omega-3 tablets

A Norwegian start-up says its patent pending compression technology has allowed it to commercialise omega-3 powder that can be formulated in hard tablets rather than capsules.

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...