India-based food company, AgroTech Foods, will invest US$18.52million in expanding its production capacity as well as launch new high-margin products over the next two to three years, in a bid to become a diversified food company.
In a bid to develop modern dairy farming practices in China, Nestlé China has joined forces with local government, investors and farmers to create a training institute in Shuangcheng, in the Heilongijiang province.
Concerns on misinformed levels of sodium in its products, has led speciality food company, China Nutrifruit Group to conduct independent laboratory tests on its glazed fruit products and concentrate juice.
US ice cream brand Baskin-Robbins has timed entrance into Vietnam carefully via a franchise with a local food company amid a snowballing economy and emerging middle class with a taste for luxuries, the company said.
After being put on the backburner in October last year, it appears that the joint venture between Nestlé and Coca-Cola for the ready-to-drink (RTD) tea segment in India has been put permanently on ice.
Swiss flavour and fragrance giant, Firmenich, will be able to better serve Southeast Asia’s market as it will be closer to clients and consumers with its new flavour production facility in Indonesia, according to the company.
The aflatoxin-tainted milk scandal that has gripped Mengniu Dairy since the end of 2011 is damaging short term, but China’s biggest dairy is unlikely to suffer long term damage in its sales and share price, say analysts.