PepsiCo and Coca-Cola’s profit aided by growth in emerging markets
Emerging markets were key to growth for beverage giants PepsiCo and Coca-Cola in the second quarter of 2011.
Overseas funds to boost local Indian food processing industry
The food processing industry in India will be forced to adopt new technologies and improve their productivity if the foreign direct investment into multi-brand retail is allowed.
GLG granted Stevia patent in China
A fully owned subsidiary of GLG Life Tech Corp has been granted a patent in China for its stevia extraction process.
Nestlé has paid out bought €1.2bn for a majority stake in leading Chinese confectionery maker Hsu Fu Chi, with the Swiss group flagging up access to extensive production capabilities and a major distribution network as its wins.
Fonterra looks to treble production at NZ site through $250m investment
Dairy giant Fonterra aims to pump a further $250m into a new site in New Zealand, an investment that would treble milk processing at the facility.
Hershey and Godrej dissolve Indian tie-up, report
A four-year long partnership between chocolate powerhouse Hershey and the Godrej Group in India has been disbanded, according to media reports.
Lesser-known food and beverage brands in India are attracting large financial investors, a study of recent private equity deals in the space revealed.
Asahi aims to boost global presence with Australian and NZ buys
Asahi is to proceed with two Australian and New Zealand soft drinks deals, with the aim of becoming one of the world’s top food and beverage companies.
Deal could see Nestlé gain fast-track access to China’s $6bn sweet market, analyst
Swiss food giant Nestlé is in talks to buy leading Chinese confectionery firm Hsu Fu Chiin, a deal that would cost about $2.6bn.
The Indonesian cocoa processing sector is ripe for further investment from multinational food manufacturers, a spokesperson from the country’s investment authority said.
Barry Callebaut optimistic after positive Q3 results
Ingredients giant Barry Callebaut has confirmed its positive midterm outlook after posting a 7.3 per cent rise in sales volumes over the first nine months of the fiscal year.
Diageo wins approval for marathon Chinese spirits deal
Diageo has gained approval from the Chinese authorities to take control of a local spirits manufacturer after some 16 months of waiting.
Fonterra reports China milestone, looks to India
New Zealand-based dairy giant Fonterra is now looking at expansion in India after a successful foray in China, including a recent bumper bond listing in Shanghai.
Kohinoor Foods forms joint venture with McCormick
India-based rice exporter Kohinoor Foods Ltd has formed a joint venture with US-based spice maker McCormick for the marketing of basmati rice and other food products in India.
ADF Foods eyes home market, to introduce pickles, curries
Mumbai-based food processor ADF Foods Ltd, which garners a majority of its sales revenue from overseas markets, is now looking to penetrate deeper into its home market of India.