A German fund is buying up acres of New Zealand farm land meant for dairying, saying that its is extremely bullish on that sector in the country, thanks to the spiking demand from developing economies.
Rumours have abounded this past week that buyout fund Pacific Equity Partners (PEP) is looking to sell New Zealand-based Griffin's Foods, a maker of biscuits, snacks, and confectionery products for the Australasian market.
Vidhi Dyestuffs Mfg. Ltd (VDML) is looking to nearly triple production capacity for synthetic food colours as it struggles to keep up with rapidly increasing demands, the company said.
Alfa Laval announced it has secured a SEK 100m (€11m) contract to supply equipment to an Indian baby food company as demand for processed products continues to grow.
India-based Tata Global Beverages (TGBL), which was formerly known as Tata Tea, is considering entering the nourishing food segment as part of its plan to become an overall health and wellness company.
PepsiCo has agreed to sell its majority 41.5 per cent stake in Thai soft drinks and bottling firm Serm Suk (SSC), after ThaiBev (THBEV) announced plans to acquire the latter for $548m last week.
As Vitafoods Asia closes its doors on a successful three-day debut edition in Hong Kong today, event director Chris Lee shares impressions of the show with Shane Starling, and ponders refinements to the event in 2012.
Alliance Tuna International Inc. has entered into a joint venture with New Zealand’s Prime Foods Ltd and has a new subsidiary in General Santos City to import and process salmon.
The Australian Takeovers Panel has rejected SABMiller’s claim that Foster’s published “misleading and deceptive” information in its financial results last week.
Archers Daniels Midland (ADM) is tapping into a growing edible oil demand in India through its acquisition of two oilseed processing facilities in India, the company said.
Starbucks Coffee Company has announced an expansion plan throughout Asia to sell its Starbucks VIA Ready Brew, an instant coffee packet allowing consumers to make their own Starbucks coffee.
External pressure on its bakery division has seen food giant Goodman Fielder's earnings slip in the last year, the Australasian company said in its annual financial results.
Global food manufacturer Heinz has for the second time in as many months publicly criticised Australian grocery sector – this time for creating an ‘inhospitable’ market.
Demand for gourmet yoghurt has seen a small yoghurt maker from New Zealand attract interest from a multi-million dollar player that would see its products on shelves in thousands of stores in Japan.
Abbott has said it will invest US$230m to build a new nutrition manufacturing facility in China, representing the company's largest investment in China to date.
India's biggest consumer products company and the biggest retailer have joined to co-develop and co-brand a line of bakery products, in what could be a sign of changing retail patterns for food products in India.
Two major food manufacturers in Australia have shut down factories under external pressures including the rise of the Australian dollar, high cost of raw materials, supermarket price wars and government policies.
A petition filed in the New Zealand Parliament on August 16 challenges the Goods and Services Tax (GST) levied on food in the country; a tax that was first levied in the 1980s.
According to media reports, Archers Daniels Midland (ADM), worth $81bn, could acquire Noida-based Geepee Agri Private Ltd, a major Indian edible oil maker.
Vitafoods Asia trade expo will open its doors for the first time in Hong Kong to an expectant region in coming days – a culmination of more than two years work by the organisers of the show that has its foundation in Europe.
Australia-based Retail Food Group (RFG) will acquire the assets of New Zealand-based Evolution Coffee Roasters Group (ECRG) in a deal the latter expects will bolster its existing portfolio of products in the region.
Japan’s Asahi Group Holdings today announced an agreement to acquire 100% of Independent Liquor from Pacific Equity Partners and Unitas Capital in a 97.6bn Yen ($1.28bn) deal.
Bright Food’s acquisition of Manassen could be reassuring for consumers, according to an industry analyst, amid rumours that it is hoping to buy a 75% stake worth A$400m.
Stevia supplier GLG Life Tech has slashed its revenue expectations for 2011 and has seen its share price slip to a year low, as it reported its second quarter results.
Australian food manufacturer Goodman Fielder Ltd is set to open a new dedicated gluten free bakery in Huntly, New Zealand next month in order to cater to the rising demand for such products there.
Feihe International Inc., formerly known as the American Dairy, has announced that it intends to sell its two dairy farms in China to a Chinese Investment Company.
The Indian food retail sector may see an upswing in the very near future after a government panel agreed to recommend a policy change that will see foreign companies such as Tesco and Walmart be able to sell to Indian consumers.
US chocolate giant Hershey reported net income of $130.12m for the second quarter, with net income for the period up o $129.56m from $117.05m in the same quarter in 2010.
The Indian press is reporting that Danone is in “advanced talks” to buy the nutrition division of billion-dollar Indian pharma-focused firm, Wockhardt’s, for a price as high as €180m.
The Australian Competition and Consumer Commission (ACCC) has announced that it does not believe that supermarket operator Coles broke any competition rules when it dropped the price of it’s house brand milk to AU$1 a litre
Standard Chartered Private Equity (SCPE) has invested about US$56m in India-based bottler Varun Beverages Ltd, as a new market report hints at untapped potential in India's soft drinks market.
Volumes were boosted by continuing growth in emerging markets for SABMiller, who remained tight-lipped on its Fosters bid in its first quarter results.
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.
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.
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.
The Indonesian cocoa processing sector is ripe for further investment from multinational food manufacturers, a spokesperson from the country’s investment authority said.
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.
