Struggling tobacco farmers in the northern Philippines have been thrown a lifeline by the government, which will soon open a multi-million dollar food processing plant in Ilocos Sur, along with a trading centre in the province.
Faced with rapid growth which it is struggling to meet, McCain Foods’ Indian subsidiary has announced plans to invest a further US$69m to introduce a third manufacturing line at its potato processing plant in Mehsana.
Arla Foods has no plans to acquire, merge or partner with any other Chinese dairy industry players under its recently-unveiled five-year strategy, a spokesperson for the Denmark-based co-operative has revealed.
Cargill has reported a more than 300% increase in year-over-year second quarter net earnings, from $100 in 2012 to $409 million in 2013. The only blemishs on the earnings report were lingering effects from the 2012 drought in the US and overcapacity...
Thai food major Charoen Pokphand Foods will continue to view Vietnam as one of its biggest investment destinations, and this year the company plans to focus on growing its food processing business in the country.
The Australian Food and Grocery Council (AFGC) has slammed a move by one of the country’s major supermarket chains to heavily discount its private label products, accusing it of deploying a “Trojan horse” tactic.
INDUSTRY VOICES: HEAD OF AKTIEFOKUS CHINA, JACOB DE LICHTENBERG
Chinese beer giant Tsingtao Brewery is set to further consolidate its leading market position in Shaanxi by significantly expanding capacity with two new breweries, while AB InBev is also rumoured to be keen on penetrating the central Chinese province.
Heineken strongly denies to BeverageDaily.com that the resignation of several high-profile managers from its recent $6.53bn acquisition Asia Pacific Breweries (APB) attests to unrest at the Singapore-based firm.
A new player in the stevia supply market promising purity levels “unmatched in the market place” says it will be in a position to start supplying commercial quantities of extracts by Q1, 2013 from a new state-of-the-art manufacturing facility in Thailand.
US agriculture giant Cargill aims to invest Rs50 crore (over US$91m) towards food processing across its Indian operation over the next two years. This figure also includes a US$73m corn milling unit, the head of its India operation has revealed.
After a decade of rising profits on the back of Chinese demand for coal and iron ore, Japan's two biggest biggest trading companies are shifting focus to food as bulk commodity prices and demand continue to wane.