News & Analysis on Food & Beverage Development & Technology
Swiss biotech firm Evolva has bought failing Fluxome’s, yeast-derived resveratrol business for about €550,000 in cash and shares, but says it has no interest in the remaining omega-3 business being sold by sealed auction.
State of the industry
Changing trends in traditional key export markets are presenting both hurdles and opportunities for Australia's boxed-beef exporters, according to a recently released industry report.
Wrigley has opened a factory in Guangzhou with an investment of over RMB1m (US$173.4m). The company claims that the 138,000sq-m site, in the Yonghe Economic Zone, is the largest, most technologically advanced manufacturing facility in its global supply...
New Zealand has reported an increase in lamb production this spring, although it was still the country’s third-smallest lamb crop since the 1950s.
With the growth of nutritional foods in India outpacing that of China, Danone’s subcontinent head for nutrition has announced plans to double sales in India over the next three years.
Business
The first two endeavours might have been abortive, but it seems that Fonterra might finally see success in its third, solo attempt to move into India.