Consumption of vitamins and minerals in China is growing, thanks to
immense economic growth and the emergence of a new consumer
culture. There may be opportunities for foreign companies to export
to the country to make up for a shortfall...
South Korea's Lotte Confectionery Company, the country's largest
snack food manufacturer, has acquired a 100 per cent stake in a
Chinese confectioner - a move which will not only bolster its
influence among China's...
Heineken last week announced its decision to acquire a 40 per cent
stake in the Chinese brewery Jiangsu DaFuHao, after intimating in
its February results that it would continue to look for investment
The future of the milk formula market in China lies with better
product quality and greater brand loyalty following the revelation
last year that much of the formula on sale there was fake. The move
towards higher margin products...
Thirty-two Chinese companies are to appeal against a ruling by the
US Department of Commerce which found them guilty of dumping large
quantities of shrimps onto the US market and imposed punitive
Indofood, Indonesia's biggest food company, has reported 2004
profits severely hit by the devaluation of the rupiah, but remains
hopeful of an upturn in 2005 following efforts to reduce its
exposure to exchange rates and the...
One of Asia's biggest food retailers, Dairy Farm, has this week
announced strong sales growth for 2004 helped by the recovery of
many local economies and a raft of recent acquisitions. But
increasing competition from European...
The world's biggest food retail groups are continuing to strengthen
their positions in the massive Chinese market, buoyed by a recent
relaxation of the regulations requiring them to use local partners.
Carrefour and Wal-Mart...
The Shanghai Jinshan District Government has confirmed that Suntory
Investment, a Chinese investment company, has acquired 74 per cent
equity of Shanghai Eastern Sea Beer, a leading brewery company
located in Zhangyan County of the...
China, potentially one of the most promising markets for
genetically modified (GM) crops, is stalling the adoption of
transgenic plant cultivation as a cautious government ponders their
safety reports Anand Krishnamoorthy.
Three senior executives from China dairy group Yili have been
detained by police authorities allegedly investigating accusations
of company embezzlement. Analysts believe the news is likely to
send shock waves through the sectors...
Wal-Mart China has confirmed that it is opening up its first store
in Shanghai. The store is due to open up next year and the company
has confirmed that recruitment of staff has begun, reports Simon
Wal-Mart has reversed its decision not to allow trade unions for
its store workers in China. Bowing to pressure from government
authorities, the move comes as a strong sign that international
food and beverage businesses must heed...
As retail regulations in China are set to undergo big changes, many
leading multinational retailers are queuing up in readiness to
capitalize on more liberal trading conditions. Simon Pitman
takes a closer look at the changes to find...
The All-China Federation of Trade Unions said that it will continue
to press foreign companies to unionise its operations in China. The
federation highlighted ongoing disputes with several foreign-owned
companies - including Wal-Mart...
A rise in global stocks of wheat after a 30-year low will offer
continued relief to the tighter prices experienced by the food
industry in previous years, but the food chain still needs to stay
on the alert.
With coffee sales in China growing by 90 per cent in the five years
up to 2003, international companies are queuing up to carve up
their slice of a market. Although tea is still the mainstay, the
rapid switch to all things western...
Danish brewer Carlsberg has acquired a 34.5 per cent stake in Wusu
Brewery, located in the Xinjiang Autonomus region. The move
represents Carlsberg's ambitions to increase its presence in the
less developed Western provinces.
China's food industry grew by 26.2 per cent in the first six months
of this year. And despite rising power and ingredients prices, The
China National Food Industry Association says that continued
economic strength, backed by...
Singapore-based QAF limited, one of South East Asia's leading food
companies, has said that its wholly owned subsidiary, Singfood
Investment has entered into an agreement with Mega Ocean Holdings
to acquire a 27 per cent stake...
Unilever has reported a small fall in sales for its operations in
the Asia Pacific region during the first half of the year, as
overall results are dragged down by even worse performances in the
European and North American markets....
Farming in China needs serious investment if domestic food
production is to keep up with rising food consumption. But with a
growing emphasis on food quality and safety, future investment in
the sector looks seems an inevitable route...
The New Zealand Food Safety Authority (NZFSA) says that it has come
across lead contamination in cornflour milled from imported corn
following routine food safety tests on a number of food products.
The organisation says that it has...
Mirroring China's record economic growth, mergers and acquisitions
activity has boomed to record levels this year. According to
PricewaterhouseCoopers M&A activitity in both Hong Kong and
China grew 168 per cent in the first...
US ingredients giant ADM saw double-digit sales growth for the year
but overall profits were dragged down by a volatile soybean market
in China. The company said that many cancelled orders from soy meal
buyers there had particularly...
The EU has lifted a two year ban on honey, together with a number
of seafoods and products of animal origin. The move is expected to
give a particular boost to the country's position as the world
biggest honey producer.
Although the Chinese economy is showing definite signs of slowing,
experts have said that it is not about to overheat. Investment,
particularly in the food and beverage sector, is continuing apace,
but this being coutnerbalanced by...
and the Danish Industrialization Fund for Developing Countries
(IFU) have drawn up an agreement with Lanzhou Huanghe Enterprise
Group to acquire 50 per cent of the LanzhouHuanghe Brewery's
operations in the Gansu...