A Hong Kong stock Exchange disclosure has revealed that investment
company Castlerigg International has bought a strategic 10.01 per
cent stake in China's Harbin Brewery, a move that looks likely to
put more pressure on international...
Although 2004 is now expected to yield a bumper grain harvest in
China, with provinces announcing record crop levels, Beijing is
taking action to halt the country's fall in per-hectare yield of
cropland over recent years.
Joint ventures (JVs) are rapidly falling out of favour as the
preferred way of establishing a foothold in the China food market,
according to new research. Persistent problems with intellectual
property are highlighted as the core...
SABMiller has confirmed that it will not proceed with its €500
million offer for Harbin Brewery, in a move that cedes control of
the key China brewer to rival Anheuser-Busch.
After years of struggling to meet increasing domestic demand for
soy products, Chinese government officials believe that discussions
with the Brazilian government may have solved the problem. Trade
talks held in Beijing this week...
Chinese wine imports increased by nearly 50 per cent last year,
according to figures released by the Beijing customs authorities,
with a value amounting to almost €26 million, an increase which is
being attributed to lower import...
Two of Europe's major retail chains, Carrefour and Metro, have
announced plans to expand their operations in China, while a third,
Tesco, is still on the hunt for a partner to enable it to enter the
country's market.
Plans for China's biggest milk producer to float on the Hong Kong
stock exchange were dealt with a blow last week, as Hong Kong's
Hang Seng Index fell to its lowest rate in almost eight months.
Anheuser-Busch has announced the completion of a deal to purchase
around 29 per cent of Chinese brewer Harbin, which is currently
subject to a hostile takeover bid by SABMiller.
Hangzhou Wahaha, one of China's leading manufacturers of fizzy
drinks has made its premier shipment of cola carbonated drinks to
the US, a first for a Chinese company.
Harbin, the leading Chinese brewery, has advised shareholders to
resist SABMiller's takeover bid for the company. The bid was
influenced by Ancheuser-Busch's 29 per cent acquisition of the
company earlier in the week. SABMiller...
China's growing band of beer brewers is claiming that rising costs
of ingredients coupled with rising production costs is likely to
put between 10 and 20 per cent on the price of a beer during the
course of this month, a factor...
A recent report from the Lund University in Sweden on the ongoing
invasion of the golden apple snail in southeast Asia claims that it
is now having a devastating ecological effect, something that will
continue to seriously farming...
A British Pig Executive (BPEX) delegation is visiting Beijing at
the end of the month to encourage British exports to China, the
world's biggest market for pork.
China has recently relaxed the rules obliging foreign retail groups
to take a local partner, a move expected to lead to rapid growth in
the number of international food and beverage retailers doing
business there. But despite Chinese...
To counteract China's alleged abuse of patent protection the US
government is proposing legislation that would mean greater tariffs
on a variety of Chinese products including food and beverage items.
Food ingredients companies head off to China with agriculture chief
Fischler next week on a mission to boost trade relations and create
new business opportunities for the food industry.
China claims to have had an early success in stamping out the bird
flu that has been causing severe hardships to the country's
numerous poultry farmers, after the mass culling of some nine
million birds over the seven weeks since...
Trade in food and beverage products is expected to grow
significantly on the back of an agreement made between China and
Vietnam which will end tariffs on nearly 500 seafood and
agricultural products during the course of the next...
Britain's biggest food retailer Tesco looks set to take a further
step towards its goal of competing with global giants such as
Carrefour and Wal-Mart with a move into the massive Chinese retail
market.
