Asia Pacific Breweries moves into India
Asia Pacific Breweries is making headway in its aim to become the
region's leading brewer, with its first acquisition in the world's
second most populous nation, India.
Chinese dairies need to up R&D spend
Chinese dairies need to invest more in R&D to capitalise on
future growth in added value products like milk drinks, cheese and
yoghurts, advises a new report from consultants McKinsey.
Universal Robina reveals international expansion plans
Philippines-based Universal Robina will spend P5.6 billion (€87m)
this year to expand its branded foods range and increase its
presence in other Asian markets, URC president Lance Gokongwei told
reporters last week.
Mengniu to boost brand awareness with Disneyland deal
China's Mengniu dairy says it has been named the sole dairy
supplier to Hong Kong Disneyland, as well as the American
entertainment park's hotels.
China boosts global pear production
The world's pear crop will reach a record high during 2005-06,
thanks largely to China's increased output.
Fruit prices surge in Chinese market
Fruit prices in China are not likely to fall next month, after
rising by about 20-30 per cent in most regions.
Profits fall at leading noodle maker
The world's biggest instant noodle maker, Indofood, said yesterday
that its 2005 net profit fell 68 per cent on the prior year to
IDR124 billion (€11.4m).
Pepsico opens R&D centre in China
US soft drinks giant Pepsi opened its first research and
development centre outside the US in Shanghai yesterday, signaling
its commitment to the fast-growing Chinese market.
Uni-President seeking partners to grow in China
Uni-President, Taiwan's biggest food group, is looking for private
equity to allow it to expand further in the Chinese beverage
sector, according to a report.
China to monitor bird flu with RFID
An RFID tracking system designed to slow the spread of avian flu
will be tested this month by China's poultry industry, currently
facing flagging demand and low prices following several outbreaks
of the disease in different provinces.
US targets Malaysia free trade deal
The US government is set to open free trade talks with Malaysia,
predicting that an agreement could double exports of American
goods, including food, to the country by 2010.
Australia launches guide to new labelling law
A guide to help the food industry understand new country of origin
labelling rules, set to be launched in Australia this June, has
been unveiled by the country's health minister.
Hite plans big bottled water launch in South Korea
South Korean brewer Hite announced Friday it work with Jinro, the
country's leading distiller, to create the leading bottled water
brand on the national market.
US to hold South Korea trade talks
South Korea and the United States are set to begin talks on a free
trade agreement that promises to benefit food and drink sector
firms on both sides of the Pacific.
PepsiCo plans to up China investment
PepsiCo has announced it will invest another $850m in China over
the next three years in recognition of the country as a rapidly
emerging market for soft drinks and snack foods.