News & Analysis on Food & Beverage Development & Technology
Saudi’s Savola Group has formed a joint venture with Thai Union Frozen, one of the world’s largest seafood processors, to bring new seafood products to the Middle East, targeting US$400m in sales.
Novel protein ingredients face a difficult future with too many barriers to entry to make success likely – but there are brighter prospects for Quorn and some potential for insect protein in animal feed, says Giract.
EuroPack Summit 2015, Monaco, France
The beer market in China has declined recently but individualisation and people buying their beer online has risen in the country, according to Thomas Delory, global procurement team leader, Packaging S&T, Carlsberg.
DKSH has signed a distribution agreement for Agilent's spectroscopy systems in Vietnam.
Jordanian poultry producer Al-Jazeera Agricultural Company has secured a US$21m loan from the European Bank for Reconstruction and Development to modernise its facilities.
Oil producer Mazola has launched a new slogan – “from the heart of nature” – as part of a refresh of its brand platform, aimed at making the firm more relevant to consumers.
South Asia radius
India’s existing food safety laws serve a “pivotal role” in securing public health, Bombay High Court has ruled in a move that gives some rare good news the country’s beleaguered food regulator.
IFC, a member of the World Bank Group, has signed an advisory services agreement with Stora Enso Lao Co. to help the company improve its social risk management in Lao People's Democratic Republic.
Saudi dairy and poultry producer Almarai missed its US$533m sukuk target by more than US$100m last week, a reversal from previous rounds of debt-issuing, which were routinely oversubscribed.
China promises online sales bonanza for imported meat products, but brands warned to invest in marketing.
Investigation
Concerns are mounting within China’s sweeteners industry over the risk of Chinese sucralose becoming a target for an anti-dumping investigation by the US or EU, according to industry sources.
Savola has reportedly teamed up with Singapore’s Temasek to make a joint bid for Americana, but the Kuwait food giant’s board denies knowledge of any bids.