Europe and North America were the worst performing regions for Nestlé according to its first half (H1) results, while Asia, Oceania, Africa and emerging markets delivered double digit growth.
Monster Beverage Corporation admits its Q2 brand launch in Japan has hit problems, but said the nation’s distributors and retailers were far less tolerant of shipping damages and leakages than in the US.
Royal DSM paid tribute to its nutrition division which held steady as its sales and profits dipped for the second quarter and first half of the financial year, as recessed global economies took their toll on bottom lines.
Nestlé has encountered a “consistent deterioration in growth” in 2011-2012 in the US, its biggest market, according to analyst Andrew Wood at Sanford C Bernstein.
Heineken has struck an agreement with the board of Fraser and Neave (F&N) to acquire the latter’s interest in Asia Pacific Breweries (APB) for over S$5.1bn, as one analyst told BeverageDaily.com that the Dutch brewer was paying over the odds to ensure...
A Singapore-based analyst tells BeverageDaily.com that rumours of a Coca-Cola Company move for Fraser & Neave’s (F&N’s) non-alcoholic beverage business would be ‘no surprise’, as Heineken chases down its brewing arm APB.
Direct selling supplements giant Herbalife posted a 20% rise in net income to $133.4m in the three months to June 30, while net sales rose 17% to $1bn.
Californian almond giant Blue Diamond has struck a deal with the China Chamber of Commerce to supply Chinese firms with $50m worth of almonds in the next 12 months.
Chemical specialist FMC Corporation has committed US$100m to a new microcrystalline cellulose manufacturing facility in Thailand as it pushes efforts to supply the Asian market.
The India food and beverage industry should reach out to its consumers and involve them in designing their food products, says a paper by a faculty member of the Indian Institute of Management, Ahmedabad (IIM-A).
Struggling Australian food firm Goodman Fielder has lowered its full-year 2012 (FY12) earnings forecast as costly restructuring of its baking units and rocky trading conditions slam revenues.
Religious and cultural values in Asia combined with food safety concerns in the EU and US has spurred Chinese ingredients firm Fenchem Biotek to develop vegetarian softgel supplements.
New Zealand has migrated to an industry-designed product recall and withdrawal system, which key businesses say will ensure even greater consumer protection.
US premium alcohol specialist Winery Exchange has struck up a partnership with a local Chinese food and importing company in a bid to cash in on the lack of brands in China’s wine market, the MD said.
The much touted tightness in the chia supply is not being experienced by all suppliers, with Australia’s The Chia Company extending its growing area 100% year-on-year to satisfy demand.
Vitafoods Asia 2012 will delve into three key industry issues that plague operating in the vast region’s functional food and supplements arena – regulation, trends and opportunities.
The Chinese year of the dragon is shaping up as a boon for the New Zealand dairy industry in China, the head of a growing NZ-based infant formula company has said.
PepsiCo and its snacks arm Frito-Lay has opened a news snacks factory in Wuhan, China to expand further into central and western parts of the country by catering to local tastes.
The Codex Alimentarius Commission has set new maximum limits (MRLs) for ractopamine in pig and cattle tissue in an effort to improve the trade of meat containing the growth substance.
Emulsifier and stabilizer specialist Palsgaard has commenced work on its US$30m production plant in Malaysia; chosen for its raw material access and strong logistics, the CEO said.
Indonesian herbal drug specialist Dexa Laboratories will push its natural diabetic product into European and wider Asian markets, following success in its domestic market.
Interview: Samy Jandali, VP Nutrition & Health, North America, BASF
Chat to any major ingredients supplier at a trade show and you can expect to hear liberal use of buzzwords from ‘partnership’ and ‘collaboration’ to ‘open innovation’ says Samy Jandali.
This week’s Food Ingredients Asia-China (FIC) expo in Shanghai had ‘Asia’ in its name but don’t be fooled by the moniker – this is very much a Chinese show (at least on the exhibitor side); and a vast one that demonstrates the variety, volume and sheer...
Belgian bakery ingredients firm Puratos has a new manufacturing and innovation centre in China that will be dedicated to developing products for the local Asian taste requirements.
Australian food firm Goodman Fielder is fusing its bakery business with three site closures as part of a strategic reorganisation of its business to reduce costs and improve efficiency amid struggling sales.
Australian beverage heavyweight Lion has made the first major move towards disrupting the milk manufacturing process by offering permeate-free milk under its brands.
US flavour firm International Flavors & Fragrances has opened another flavour facility in Delhi, India that it says will increase its ability to work on regional taste profiles amid surging demands.
Australia’s food industry body has launched a nationwide public education campaign to highlight the significant cost impacts that a national drink container deposit scheme (CDS) will have on consumers.
Indian herbal extract specialist Olive Lifesciences is targeting the South American region with its marigold-derived food colouring, as demands in Mexico, Peru and Chile outstretch local production.
Fonterra has signed a conditional agreement to acquire the milk processing assets of South Canterbury-based New Zealand Dairies (NZDL), and said the dairy site would boost its export capacity, where it is processing around 150m litres of milk per year...
Vitafoods Europe 2012 is a good place to come face to face with business in Europe’s lucrative health and nutrition market, according to Chinese firms exhibiting in the China Pavilion.
Clean label starches and phosphate replacers are the key focus for UK ingredients firm, Ulrick & Short, as it enters the Asia Pacific market for the first time via a distribution partnership in Thailand.
Vitafoods Europe saw 12% more attendees (11,594 ) pass through its doors in Geneva this year with show producer Informa casting its eyes forward to the second edition of Vitafoods Asia in Hong Kong in September.
Food major Future Group has announced that it has inked a deal with rice processor LT Foods that includes the setting up of the latter’s new facility at the group’s new food park.
Vitafoods Europe 2012 in Geneva attracted companies from all over the world, including Asia, with three dedicated pavilions to China, India and Korea housing smaller ingredients firms from each market.
Asia’s functional food market is still a new target area for pharmaceutical firm Vésale Pharma and working with regional agents will prove essential in gaining traction in the market, according to president.
A local Chinese company has developed a curcurmin ingredient for the global market but a sales representative told FoodNavigator-Asia at Vitafoods Europe that India is a strong competitor and Europe is a difficult market to penetrate.
