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.
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.
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.
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.
DKSH Holdings Ltd, the Swiss market expansion services group focused on chemicals, food and drug industries, is making plans to further boost its business in India through local acquisitions, local newspaper Mint reported last week.
Private equity firm Lazard Australia is in talks with potential strategic partners in Asia to sell a portion of its stake in Australian biscuit maker Unibic Pty Ltd, Unibic’s managing director Michael Quinn told Reuters last week.
DSM has signed a joint venture agreement with a Chinese biotechnology company that will give the Dutch ingredients supplier its first enzyme manufacturing plant in China.
At Vitafoods Europe 2011, Jess Halliday caught up with event director Chris Lee to talk about the show’s ambitious expansion plans into Asia and South America.
CSM has opened a new facility for dry bakery mixes and mixes in China, which will allow it to step up capacity to meet demand from Asia and better serve local tastes.
Nestlé and General Mills’ joint venture Cereal Partners Worldwide (CPW) is investing €27m in a new Malaysian factory to enable the local production of Nestlé breakfast cereals in the country for the first time.
Nestle is planning to buy a 60 per cent share in China’s Yinlu Foods Group for an undisclosed sum, in a move that will help household brand Yinlu gain more traction in the Central and Western regions of the country.
Spice maker McCormick reported a 13 percent rise in its first quarter earnings, boosted by cost savings and strong domestic and Asian sales, the company said on Tuesday.
Beverage giant Coca-Cola is donating 2.5bn Yen (US$31m) to areas affected by the tsunami, earthquake and nuclear disaster that hit the country this month.
Aker BioMarine has signed its first agreement to supply a Chinese supplement maker with its branded krill oil, in a deal that paves the way for a new category in the country.
Leading Chinese probiotics supplier, China-Biotics, has pressed a deal with the country’s third biggest dairy to expand the number of probiotic strains it uses in yoghurt products.
As the world’s most populous nation with a strong economy, China is an attractive target for food manufacturers and their suppliers - but they cannot operate effectively in the region without a local presence, according to Torben Friis Lange, AAK vice...
China-Biotics has filed five new patents for its probiotics as it plans to enter new condition areas like feminine hygiene and infant diarrhea, and microencapsulated probiotics for harsh manufacturing conditions.
India’s Avesthagen Limited has announced the completion of its development of microalgae-derived DHA (docosahexaenoic acid), with the technology validated for commercialization.
Danish food ingredient supplier Palsgaard is building a new US $30m emulsifier factory in Asia, with production scheduled to start in the second half of 2012.
Stevia supplier GLG Life Tech has said its business is likely to increase by 50 to 60 percent in 2011 compared to a year earlier, mainly due to increased demand in China.
Pittsburgh-based supplement retailer GNC is reported to favor an initial public offering (IPO) after reports claim that interest cooled from Chinese dairy giant Bright Food Group Co to acquire the company.
GLG Life Tech’s joint venture in China has been given the go-ahead by Chinese authorities to provide its stevia-derived sweeteners for use in foods and beverages, the company has said.
Cereal Partners Worldwide (CPW), an alliance of Nestlé and General Mills, said that a large percentage of its cereal brands sold in Australia including Cheerios have been endorsed by the Heart Foundation there through its Tick programme.
International Flavors and Fragrances (IFF) has said it plans to invest $100m in two new flavor facilities in Asia over the next three years, responding to increasing demand from Asian food manufacturers.
Soy ingredients company Solae opened a food application centre in Shanghai yesterday, promising to cut product development times for Asia-Pacific customers.
Vitamin charity Vitamin Angels and DSM’s Sight and Life are addressing vitamin A deficiency in Indian children by establishing a sustainable supply and distribution system promoting “local ownership” of the deficiency problem.
Fusion Nutraceuticals has developed a new process for developing granulated zero-calorie sweeteners that better imitate the taste and functionality of sugar with nearly ten times fewer calories, the company has said.
Cargill is to acquire Indonesian starch and sweetener company PT Sorini Agro Asia Corporindo, deal designed to help it better serve its customers in the Asia Pacific region.
Stevia supplier GLG Life Tech has entered into a joint venture with China Agriculture and Healthy Foods Company Limited (CAHFC) for the sale and distribution of stevia-sweetened foods and drinks, GLG has said.
Beijing Gingko Group (BGG) has signed an agreement that will see the European branch of Premium Ingredients International (PII) become the exclusive distributor of BGG’s liquorice extracts.
France and India have hailed the “strategic importance” of the Asian country’s food processing and agricultural sectors as they unveiled plans to achieve bilateral trade reaching €12bn by 2012.
GLG Life Tech has posted higher third quarter profits, driven by increased stevia sales in China, growing demand for natural products in North America and global health concerns, the company has said.
Sensient Technologies has opened a new plant in Guangzhou, China, including offices and laboratories for the production of flavors, colors, fragrances, and pharmaceutical coatings, the company has said.
Stevia supplier GLG Life Tech has finalized a joint venture with Global Agrisystem Private Limited (Global Agri), a Katra Group company, to commercialize its stevia extracts in India and the Middle East, the company has said.
The Indian joint venture between Yakult and Danone established in 2005 to bring Yakult probiotic drinks to the Indian market is expanding with Bangalore targeted as the point of entry for southern markets.
Asahi Breweries has agreed to acquire P&N Beverages, the third largest soft drinks company in Australia in its latest move towards the goal of joining the ranks of the biggest global food companies.
Danone has agreed to sell its stake in China Huiyuan Juice Group for significantly less than what Coca-Cola offered before its acquisition bid was blocked last year by Chinese competition authorities.
Second quarter income for US chocolate maker, Hershey, fell 35 per cent due to factors such as charges related to its supply chain efficiency programme and the joint venture in India but Asia remains a focal area, said the company.
More money for dairy producers, paid earlier in the season to ease cash flow problems are the aims behind a new incentive payment from Fonterra Australia.
Stevia supplier GLG Life Tech has announced that it is looking to develop agricultural and extraction facilities for stevia in India, as well as market its stevia extracts in the nation.
