VV Group, China's leading soymilk producer, has bought a stake in
an alcohol maker as it looks for more profitable business to
counter falling soymilk sales.
Coffee culture is thriving in Hong Kong with close to one third of
residents now purchasing ready-to-drink coffee outside of the home,
according to a new survey.
Asia's elite are drinking more wine, champagne and imported beer as
their growing spending power makes them increasingly important for
the luxury goods industry.
Beverages with a healthy twist are booming within the Chinese
beverage market according to a report from global beverage research
specialists Canadean.
China's biggest wine producer Changyu has set up an alliance with
Canadian ice wine maker Aolos to build what is expected to be the
largest ice wine estate in the world.
Several small producers of carbonated drinks in China do not meet
the quality standards set by the country's food authorities,
according to a recent survey.
Malaysia's largest soft drinks maker Fraser & Neave Holdings
says it will treble its exports sales in the next two years by
entering the Middle East's condensed milk market.
Asia Pacific Breweries is making headway in its aim to become the
region's leading brewer, with its first acquisition in the world's
second most populous nation, India.
US soft drinks giant Pepsi opened its first research and
development centre outside the US in Shanghai yesterday, signaling
its commitment to the fast-growing Chinese market.
Uni-President, Taiwan's biggest food group, is looking for private
equity to allow it to expand further in the Chinese beverage
sector, according to a report.
South Korean brewer Hite announced Friday it work with Jinro, the
country's leading distiller, to create the leading bottled water
brand on the national market.
PepsiCo has announced it will invest another $850m in China over
the next three years in recognition of the country as a rapidly
emerging market for soft drinks and snack foods.
Australian brewer Lion Nathan has responded to last week's
objections by Coopers, the subject of a hostile takeover by the
firm, with similar claims of foul play.
Foster's has taken a streamlined approach to 'brand Australia' on
the world wine market, announcing two wineries will be sold off as
the firm tries to realise cost-savings from its Southcorp buyout.
Heineken last week announced its decision to acquire a 40 per cent
stake in the Chinese brewery Jiangsu DaFuHao, after intimating in
its February results that it would continue to look for investment
opportunities.
The Shanghai Jinshan District Government has confirmed that Suntory
Investment, a Chinese investment company, has acquired 74 per cent
equity of Shanghai Eastern Sea Beer, a leading brewery company
located in Zhangyan County of the...
Jinro, South Korea's largest spirit producer, has confirmed that it
will invite bids by the end of this month, a move that aims to
raise $2 billion (€1.5 bn) and allow the bankrupt company to pay
off its creditors. Simon Pitman...
Southeast Asia's largest food and beverage firm San Miguel is
considering a bid for 40 per cent of Philippines' Del Monte
Pacific, currently held by insolvent Italian food group Cirio.
With coffee sales in China growing by 90 per cent in the five years
up to 2003, international companies are queuing up to carve up
their slice of a market. Although tea is still the mainstay, the
rapid switch to all things western...
Danish brewer Carlsberg has acquired a 34.5 per cent stake in Wusu
Brewery, located in the Xinjiang Autonomus region. The move
represents Carlsberg's ambitions to increase its presence in the
less developed Western provinces.
Thailand's tropical climate is said to have fuelled the country's
thirst for soft drinks, with consumption growing steadily in recent
years. The latest report from Canadean points to the fact that rapid
consumption of bottled...
The latest Euromonitor report on the global soft drinks market
suggests that it is Asia that is the driving force behind market
growth. With this in mind we take a look at the latest soft drinks
launches in the region from the Mintel...
In Indonesia Nestlé and Coca Cola have announced the creation of a 50:50 joint venture, Water Partners Bottling (WPB). The new business is being used as a platform to acquire a 65 per cent share of PT AdeS Alfindo Putrasetia (AAPS), the number two player...
The Food and Agriculture Organisation of the United Nations has
denied reports that it has granted the first patent for processing
coconut water to the Philippines. Patenting of the technology has
been eagerly awaited as it is likely...
Carlsberg
and the Danish Industrialization Fund for Developing Countries
(IFU) have drawn up an agreement with Lanzhou Huanghe Enterprise
Group to acquire 50 per cent of the LanzhouHuanghe Brewery's
operations in the Gansu...
Australia's biggest wine producer, Southcorp, has announced an
extensive restructuring designed to counteract the affects of a
downturn in the US economy and a weakened Australian dollar. The
AUS93 million (€53.7m) package involves...
Philippine-based food and beverage giant San Miguel has reported
that consolidated net profits in the five months to May of this
year rose 32 per cent to PHP3.29 billion (€47.98m), due mainly to
higher operating income from increased...
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...
South Korea's largest liquor maker, Jinro, has moved one step
closer to a sale after a number of investment banks acknowledged
that they were prepared to advise on the matter.
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.
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...
Czech Republic brewer Budejovicky Budvar has claimed to have won a
legal victory over global beer giant Anheuser-Busch after it was
granted sole use of its trademark by a South Korean high court,
following an appeal.
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...
The Philippines-based San Miguel Corporation has announced a
regional expansion programme in an effort to increase its market
share outside of the saturated domestic market it now clearly
dominates. In the next six months the food,...
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...
Regular alcohol intake, thought to reduce the risk of
cardiovascular disease, is associated with lower prevalence of
metabolic syndrome, reported Greek researchers at the European
Society of Cardiology meeting earlier this week.
High growth ahead for protein beverages makes Asia Pacific (ASPAC) the market to watch. Consumer research shows new usage occasions, key consumption barriers,...
Data shows that consumers’ liking and thirst for plant-based beverages is growing rapidly, especially in Malaysia, Singapore, Philippines and Indonesia....
