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

Topics > Industry growth

News in brief

ICL buys into Chinese phosphates major

Global speciality fertiliser manufacturer ICL has completed a 15% investment in China’s leading phosphate producer and the parent company of its partner in a joint-venture in China. 

China

Starbucks unveils benefits plans, e-strategy and increased store count

The chief executive of Starbucks has said the Chinese market is shaping the future of the chain after the opening of its 2,000th store in the country.

News in brief

Dairy sales grow as Almarai announces 2015 financial results

Almarai Company, in Riyadh, Saudi Arabia, has announced its annual consolidated financial results for the year ending December 31, 2015.

HKScan plans growth in Asia

Meat manufacturer HKScan is seeking to boost exports to high-growth countries like China and Japan and hopes the launch of its Hong Kong office will be a springboard for a...

Chinese beef firm seeks RMB180m for overseas expansion, despite turmoil

A leading Chinese beef firm is seeking to raise significant funds to help it expand overseas. 

GPS app boosts Arla sales in China

Arla is using GPS technology to improve sales in China – and the company says it’s already reaping the rewards

News in brief

China eyes Ireland’s beef exports

China is among a host of countries planning a visit to inspect Ireland’s meat processing plants in 2016, with a view to boosting exports of a range of products, including...

Kura brings New Zealand milk protein powder to families

Kura is continuing the expansion for its protein smoothie powder containing New Zealand grass-fed dairy protein, with Vitamin Shoppe now stocking the product. One serving contains 14g of dairy protein, and is said to...

News in brief

KraussMaffei Group to expand in China

ChemChina, one of China’s largest chemicals group, is set to acquire KraussMaffei Group and its brands KraussMaffei, KraussMaffei Berstorff and Netstal, for €925m.

News in brief

Goss International expands into South Korea

Goss International has appointed Alles International as its agent for South Korea to get a foothold in the market.

Cargill ponders Dubai application centre for strategic plan

Cargill may consider establishing an application centre in Dubai as part of its regional strategy, as it sees demand for advanced R&D increasing, according to its regional chair.

Israeli and Indian companies to collaborate on South Sudan mega dairy project

A $600m dairy farming enterprise is being developed by Tel Aviv-based firm, AlefBet Planners Ltd., who will be conducting the planning and design work for Indian entrepreneurs in South Sudan

Yili sells stakes in livestock company to Hong Kong dairy

Inner Mongolia Yili Industrial Group Co., Ltd. (Yili) has sold its 40% stake in its livestock company to Yogurt Holding I (HK) Limited

Aussies even keener to buy Australian, though China loses out

Australians are increasingly opting for locally made products, even at a time when overseas options are becoming more readily available, according to new market research. 

Dateline Southeast Asia

Cool Indonesian economy still attracts billions in foreign investment

Despite an economic slowdown, Indonesia’s food manufacturing sector is continuing to attract international companies, with investments worth UDR164tr (US$11.9bn) registered in 2015, according to government figures.

This week Down Under

Woolworths’ three retail brands dominate Australian liquor landscape

Almost 5m Australians each buy an average of over A$60 worth of alcohol each week, according to new figures by Roy Morgan Research.

Sri Lanka Gold to bring local, street-side favorite to US shores

Two D.C.-based international development economists, partners in life and business, are launching bottled king coconut water and are aiming to have it on natural food store shelves by February. It’s...

Merger forms China’s biggest fruit company

China’s biggest fruit distributor has merged with one of its major fruit producers to create the country’s largest fruit business. 

News in brief

Berjaya holds off on acquisitions with Malaysian labour hard to find

Malaysia’s biggest food and beverage company said a shortage of retail labour is behind its decision to hold back on new acquisitions.

News in brief

Toyo Ink Group to expand into packaging with DYO Printing Inks acquisition

Toyo Ink Group is to acquire 75% of shares of DYO Printing Inks in Turkey to expand its inks and coatings in the packaging market, including materials for food packages.

Aus' and Brazil the beef exporters ‘to watch’ in 2016

Beef exporters tipped for success in 2016 include Australia, Brazil, India and the US, according to Rabobank’s global quarterly review on the beef industry.

Avantium & Mitsui to launch 100% biobased packaging in Japan to coincide with Tokyo Olympics

Avantium has signed an agreement with Mitsui & Co. (Mitsui), to commercialize 100% biobased chemicals FDCA (Furan-2,5-dicarboxylic acid) and PEF (polyethylene furanoate) in Asia.

South Asia radius

Coca-Cola could close Indian plants if ‘sin tax’ goes ahead

Coca-Cola would have “no option” but to consider shutting down some of its Indian factories if the government accepted a recommendation to place a significantly higher GST rate on aerated...

PureCircle unveils Zeta family of stevia products targeting low to zero-cal formulations

PureCircle has developed a new family of stevia-based sweeteners designed to shine in low to zero-calorie formulations, an application area that has proved particularly challenging as formulators seek to retain...

Feature

Foodpolis to offer companies a route to China from scandal-free Korea

An afternoon in the company of a provincial Korean mayor clothed in silky blue national dress isn’t the standard recipe for a Tuesday. But he is insistent, and it’s time...

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