News & Analysis on Food & Beverage Development & Technology
Success story
Amid headlines of foreign takeovers and the strong Aussie dollar sending companies into insolvency, there is some good news now for a well-loved company that has finally battled through administration into profitability.
Fonterra has announced plans to plough NZ$27m ($21m) into the development of a new dry store distribution centre at its Te Rapa processing facility in the Waikato region of New Zealand.
SoHo Flordis International, an Australian/Indonesian natural medicines company, has acquired two companies in the space, ProThera, based in Reno, NV and Swiss company Ginsana.
Unilever has opened a €50m leadership development centre in Singapore – its first outside of the UK.
Thermo Fisher Scientific has invested $9.5m in its China Innovation Center to support growing R&D organization, which is expected to add 200 to 300 engineers during the next two to three years.
Taco Bell has introduced its new Power Protein menu, which sees the word “meat” being ditched in favour of “protein”, in an attempt to appeal to health-conscious consumers.
Japan is to become more engaged in the poultry meat trade in the Russian Far East, authorities have revealed.