Sime Darby could take over New Britain Palm Oil
A major stake in New Britain Palm Oil, which supplies UK manufacturers, is being targeted by Malaysian conglomerate Sime Darby, part of the consortium that acquired Battersea Power Station.
Archives for July 31, 2014
IVAN MENEZES CONFIDENT DIAGEO CAN REBUILD AN 'ATTRACTIVE BUSINESS'
‘Shui Jing Fang appears to be broken, from the outside’: Analyst tells Diageo boss
Sales of Diageo’s super premium baijiu brand Shui Jing Fang fell 79% in 2014, but CEO Ivan Menezes insists the firm can rebuild an ‘attractive business’ by slashing prices and improving route to market.
Fallout in China from Nu Skin affair depresses Usana's Q2 results
Usana Health Sciences reported flat net sales in the second quarter of its 2014 fiscal year. Issues in China caused the company to miss analysts’ estimates for sales and earnings, and the company’s share price took a plunge as a result.
‘Great to have the brand back!’ ABI seizes back Corona control from Carlsberg in China
Anheuser-Busch InBev (ABI) today took back distribution control of Corona Extra from Carlsberg in China as CEO Carlos Brita insists the brand will extend its ‘super premium’ position in the country.
Healthy snacking: Asian consumers want tangible nutrition, says Taura
Healthy snacking is exploding in Asia and consumers want nutrition they can see and taste, says Taura Natural Ingredients.
Dubai’s Delice chocolate brand launches in Harrods
Dubai chocolate maker Delice has started selling its products in London department store Harrods’ chocolate room, and plans launches in three more markets this year.
Malaysia
Chobani to hit Malaysian shelves as yoghurt demand grows in SE Asia
Chobani, America’s top-selling brand of strained yogurt that has been gaining a massive global following through its slick marketing, will soon be available in Malaysia.
Savola profits up 32% as it focuses on food business
Saudi food producer Savola Group announces second quarter profits of US$137m, up 32%, as it seeks to sell its packaging unit and its CEO reveals he is to step down.
Egypt resumes Australian breeder animal imports
Egypt has resumed imports of breeding animals from Australia, four months after agreeing to restart trade in livestock between the two countries, the Australian government announces.
Delta Food plans expansion with $11m investment
Sharjah food producer Delta Food will invest US$11m in expanding its facilities in the Sharjah Airport International Free Zone (SAIF Zone) to drive expansion into new markets.
Responsible soy sourcing: China could be about to enter the fray, says ProTerra
China’s involvement is critical in order to scale up the production of sustainable, certified soy and a leading non-profit group says an increasing number of dissenting voices within that country could see the Asian giant take up the gauntlet.
Rieke Packaging Systems wins ‘A’ BRC rating
Rieke Packaging Systems has been given an ‘A’ grade rating for its Hangzhou, China, factory by the British Retail Consortium (BRC) Global Standard for Packaging and Packaging Materials.
Aussie dairies jumping on A2 protein bandwagon to 'cream consumers': Choice
Australian consumer group Choice has blasted dairies Down Under for attempting to milk the public using health claims relating to A2 beta casein protein.
Regulatory problems in China depress growth of Innophos's nutritional ingredient sales
The web of Chinese regulations regarding dietary ingredient import and export reached out to ensnare Innophos, a company that derives a portion of its revenue from selling phosphates and other mineral ingredients for dietary supplements and functional...