Fraser and Neave Holdings Bhd (F&N) is hoping to speed up its healthy product innovations instead of resorting to increasing its product prices in order to alleviate the impact of Malaysia’s upcoming sugar tax, said its chief executive.
Multinational dairy giant Lactalis has purchased local Indian firm Prabhat Dairy’s dairy business for US$239mn (INR 17bn), making it the second France-based company in a month to make a significant venture in the Indian dairy market.
Food and beverage giant Danone has re-entered the dairy market in India with a US$25mn (INR1.82bn) investment in local yoghurt company Epigamia, a move that analysts say could ‘lay the path of its revival’ in the country.
Thailand food manufacturing giant Charoen Pokphand Foods (CP Foods) has committed to achieve 100% sustainable plastic packaging in all its local units by 2025, with the aid of new technology and a packaging optimisation framework.
Premium chocolate company Barry Callebaut wil introduce its Cocoa Horizons sustainability project in Indonesia this year, following respectable global sustainability results revealed in its recently-published Forever Chocolate Progress Report 2017/18.