Business

Nestlé invests big in R&D centre for India

Nestlé invests big in R&D centre for India

By RJ Whitehead

Understanding India’s consumer food trends is never an easy job, and with this in mind, Nestlé has opened its first research and development centre in the country. It will use the new facility to generate a better knowledge of the market, tastes and people.  

DSM buys Fortitech for €495m; “We are done for awhile”

DSM buys Fortitech for €495m; “We are done for awhile”

By Shane Starling

Rampant nutrition business acquirer, Royal DSM, has splashed the cash for the ninth time in two years – this time to the tune of €495m ($634m) on US-based multinational nutrient blending giant, Fortitech (€212m/$270m annual turnover).

Q3 wrap: Nutrition stars for DSM and Naturex

Q3 wrap: Nutrition stars for DSM and Naturex

By Shane Starling

Royal DSM saw Q3 sales slip 7% to €2.3bn across all divisions with polymer intermediates performing worst, but as has been the case in recent quarters, the Dutch firm’s nutrition cluster held firm with 1% organic growth in difficult economic times.

Mondelez appoints Asia specialist to board

Mondelez appoints Asia specialist to board

Kraft Foods global snacks spin-off Mondelez International has appointed Patrick T. Siewert to its Board of Directors to increase its knowledge of the emerging Asian market.

Asian krill boom drives krill joint venture

Asian krill boom drives krill joint venture

By Shane Starling

Australian, Japanese, South Korean, Taiwanese and other Asian consumers are driving rising demand in omega-3 source krill to levels that have prompted Norwegian krill supplier, Rimfrost, to ink a production-boosting joint venture.

ADM set to snap up Australia's largest independent grains firm?

ADM gears up for $2.8bn takeover of GrainCorp

By Kacey Culliney

Archer Daniels Midland is in talks with Australian commodity giant GrainCorp after putting forward an offer just shy of US$2.8bn (A$2.7bn) for a cash takeover.

LycoRed gets local knowhow for Chinese market

LycoRed gets local knowhow for Chinese market

By Ankush Chibber

Further intensifying its efforts to crack the Chinese market, an Israel-based global premix supplier has inked a distribution agreement to ease into the local food manufacturing space.

Nestlé backs China, greater focus on R&D

Nestlé backs China, greater focus on R&D

By RJ Whitehead

To a backdrop of its slowing growth in the region, Nestlé has revealed that it will double the number of its research and development units in China. The announcement came at the company’s first ever China-centric earnings call from Shanghai.

Probiotics on a charge in Asia, but players must get more organised

Probiotics on a charge in Asia, but players must get organised

With predicted growth of 15 to 20% imminent, probiotics in China and South Asia are destined for big things. But, according to Russell Ward, research director of food analyst Giract, a number of other factors must come into play before the segment reaches...

The US ambassador, in national dress, preparing to sign the agreement

US-Indonesia pact aims to improve food knowhow

The US Agency for International Development has entered into a partnership with the Indonesian Chamber of Commerce and Industry (Kadin) to help address food security and conservation.

NZ funds research for improved seeds and plants

NZ funds research for improved seeds and plants

By RJ Whitehead

A new research programme being co-funded by the New Zealand government and a Chinese-owned seed company sets out to improve seed and plant species for farmers, improve animal productivity and minimise environmental impacts.

Private agri-groups to develop SE Asian rice supply

Private agri-groups to develop SE Asian rice supply

By RJ Whitehead

Agribusiness companies from the Philippines, Myanmar and Thailand have formed a consortium to develop a Southeast Asian rice supply chain using the proprietary hybrid and premium rice technology.

Carlsberg denies Heineken APB takeover drove Singha deal

Carlsberg denies Heineken APB takeover drove Singha deal

By Ben Bouckley

Carlsberg has agreed a strategic partnership with Singha Corporation, and tells BeverageDaily.com it is confident the new venture will succeed where a previous Thai partnership with Chang Beverages failed amidst legal acrimony in 2005.

Eric Soubeiran is planning for expansion on the back of Fundooz's success

Danone to expand experimental Indian business unit

By RJ Whitehead

The experimental business unit that is dedicated to rolling out new Danone products for the masses in India has been deemed a success and will be expanded to other cities across the country.

Darrell Lea seals IGA supermarket supply deal

Darrell Lea seals IGA supermarket supply deal

By Oliver Nieburg

Australian confectioner Darrel Lea’s new owners have wasted little time in getting a foothold in the national commercial channels having secured a deal for 1,400 Independent Grocers of Australia (IGA) supermarkets to stock its confections.

Indian brands gaining most social following

Indian brands gaining most social following

By RJ Whitehead

India’s domestic food and beverage brands have been growing their fan bases at a much faster rate than their global counterparts over the last year, according to research by Ketchum Sampark.

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