Thai sugar company, Mitr Phol, has secured a majority stake of 57.69% in Australian sugar mill MSF for A$300m, racking up the total foreign investment in Australia’s sugar production to over 60%.
Synthite Industries, the India-based oleoresin extraction firm, has said that it would use its recently announced acquisition in China to clear a path to the Southeast Asian market.
Aware that food and grocery suppliers maybe too scared to report abuse of power tactics by the supermarkets, the Australian trade watchdog has said that it would offer protection for reporting parties.
An undisclosed investment from Asia’s largest agribusiness Wilmar International will enable US flavour giant Blue Pacific Flavors to focus on expanding its research capacities.
Thailand’s Charoen Pokhand Foods (CPF) has said it expects 2012 sales to exceed 300 million baht (US9.55 billion) as a result of the purchase of its Hong Kong affiliate last year.
More than 51% of all the food inspections in Mainland China in the year 2011 failed, according to the AsiaInspection 2011 Q4 Barometer, with at least 10% of them failing because of critical defects.
China-based Shanghai Pengxin Group has been granted an extension until February 7 to finalise the purchase of New Zealand Crafar Dairy farms, KordaMentha, the farms’ receivers announced today.
Aquaponics is being pegged as an alternative eco-friendly, sustainable and commercially viable business model for food manufacturers by experts in the field.
Australia has activated a national disease emergency plan after an outbreak of deadly bird flu was confirmed following the discovery of infected birds at two free-range duck farms near Melbourne in south eastern Australia.
Even as Chinese companies gobble up Australian food and beverage manufacturing interests, one Australian wine maker has reversed the tables by buying up a Chinese concern to expand its market.
‘Made in Australia’ is not always what it says on the tin and this effectively dilutes claims made by Australian manufacturers who use 100% local ingredients, according to the MD of BuyAustralianMade.
The West Indian state of Gujarat is fast becoming a hotbed of multinational food processing thanks to an upcoming food park and a foreign investor friendly administration.
Decade-old Malaysian food player, Zenxin, is extending its presence in organic processed foods such as rice noodles, mulberry tea and local herbal tea.
A strong Chinese investment in the Australian wine company Ferngrove has enabled it to expand its premium bottled wine business and successfully enter and market to China, according to the firm’s managing director.
