Singapore-based agri-food company, Japfa, which focuses on supplying protein staples to emerging Asian markets, has announced the purchase by a global investment firm of over 10% of its interest in PT Japfa Cornfeed Indonesia.
Food manufacturers will soon have the opportunity to secure premises at Singapore’s first food hub as the government-backed project signed its first tenants.
India’s food processing minister has called on international food companies to manufacture their products in India’s “mega food parks” before re-exporting these to a country of their choosing.
American private equity fund KKR has now fully divested its interest in Masan Consumer Corporation after selling the remainder of its shares to parent Masan Group Corporation for an undisclosed price.
Egypt’s Qalaa Holdings has sold a mothballed cheese company and the Sudanese division of its sweets producer in deals totalling almost US$10m, the group announced this month.
Oman and Japan have agreed to form a US$400m investment fund focused on food and agribusiness, aimed at boosting the industry in Oman as well as Japanese exports.
China’s leading meat processor Shanghai Maling Aquarius Group is one step closer to taking a 50% stake in New Zealand’s Silver Fern Farms, after shareholders voted with an 82% majority in favour of the deal.
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.
Multivac says it is planning massive investments in Germany, US, UK and Japan with the first announcement being a €15m plant for machine parts in Bulgaria.
New Zealand red meat farmers are among the highest earners in all farming sectors, but the industry must overcome significant barriers to fuel economic growth, according to the latest research.
The “easy money has been made” for Chinese and international infant formula companies as they prepare for the rush for powdered baby food to tail off over the next five years after a decade’s stratospheric growth.
PepsiCo and Almarai have announced they will each invest US$500m in their Egyptian operations this year, following last month’s economic development conference.
The Coca-Cola Company’s chief executive has branded Indonesia “one of the most dynamic countries in the world”, as he opened Coca-Cola Amatil Indonesia’s Cikekodan plant in Bekasi, West Java.
Heat and Control plans to open a large-scale manufacturing facility in India to serve a rapidly growing snacks market and bolster business in the country, its sales head says.
Snacking power house talks about ‘regional jewels’ at Packaging Innovations 2015
Mondelēz kicked off the Packaging Innovations tradeshow at the NEC in Birmingham, UK, today talking about its developing markets and ‘regional jewels’.
Mondelez International has said it will invest $24m (€19.3m) to expand its Gebze plant in Turkey, as the company continues its plan to increase productivity and cut costs.
Analysis released today shows that nearly three-quarters of global companies see risks associated with sourcing commodities that are linked to deforestation.
India could be the ‘new China’ for food and drink manufacturers looking to increase margins and supply emerging markets in Asia, two industry experts have claimed.
Qatar’s food and agriculture investment vehicle Hassad Food is planning new investments worth US$500m in Turkey’s agribusiness sector, the company announced.
US infant formula giant Mead Johnson Nutrition has bolstered its presence in the lucrative Asian market with the opening of a Singaporean research and production site.
Agriculture minister Barnaby Joyce has assured Chinese farmers that Australia is “not a threat” to their livelihoods on a day when two Far East investment groups established a A$3bn (US$2.7bn) fund to invest in Australian agriculture.
PepsiCo chairman Indra Nooyi has pledged to double the company’s investment in its Indian food processing operation to add to the sizeable sums it has already spent in the country.
Saudi dairy firm Almarai ha seen its second-quarter profits rise 8.8% year-on-year to US$116m, with sales up 14.4% to reach US$826m, as the company faces higher wage and commodity costs.
Indonesia’s fast-growing importance in flavour production was acknowledged by the opening of a US$27m spray-dry facility by the worldwide flavours and scents market leader, Givaudan.
Animal feed giant Cargill Animal Nutrition has completed a US$20m expansion on a feed plant in Vietnam to keep up with rising demand for meat in south-east Asia.
With India’s lengthy election process now underway, the expected frontrunner, the Bharatiya Janaya Party, has released its manifesto, and while the food processing industry as a whole could stand to benefit from its pledges, companies like Walmart would...
Following the news that multinational food processing companies invested over US$2bn in India operations between April and October last year, a senior government official has heralded food packaging as the latest segment to be ripe for development.
Two Gulf investment vehicles have bought major stakes in Turkish food producers in recent weeks, as Turkey positions itself as a major halal food producer.
US-based International Flavors & Fragrances, one of the world’s biggest developers of flavours and fragrances for consumer products, has revealed plans to invest over US$50m in its flavours operations in Jakarta.
Future Consumer Enterprise, the FMCG division of Kishore Biyani’s Future Group, has been busy this week, announcing it will launch Sunkist in India, and divesting itself of Capital Foods, a major private-label brand.
Nestlé has announced it has sold its weight management business, Jenny Craig, in Australasia and North America to a US-based private equity group North Castle Partners.
Wal-Mart appears to have lost patience with its fraught ambition to enter Indian consumer retail, after deciding to buy out its local partner, Bharti Enterprises, from their six-year-old joint-venture.
By Rick Beckmann, senior foreign legal counsel, and Aldi Rakhmatillah, associate, of Susandarini & Partners, in association with Norton Rose Fulbright Australia
How should Indonesia and, more to the point, the local community, benefit from foreign investment in plantations?
Private equity investor India Value Fund Advisors has revealed it will invest US$40m to finance the next phase of growth of a domestic food ingredients company – the latest in a line of QSR suppliers to catch the eye of buyout firms.
Buoyed no doubt by new premier Xi Jinping’s seemingly positive approach to the presence of international businesses in China, Anheuser-Busch InBev has indicated it plans to make further inroads in the country.
Chinese dairy processor, Yashili International, has been given the go-ahead by authorities in New Zealand to build a NZ$100m infant formula manufacturing plant in the country.
According to a dispatch to parliament, in just under three years since foreign direct investment (FDI) was opened up for the food processing industry, investors have pumped almost Rs6,200 crore (US$1.15bn) into the segment.
Hot on the heels of helping to approve Ikea’s request to set up shop—or rather 20 stores—in India, an Indian minister has been working equally hard to woo Tesco ahead of a possible entry into the market.
Archer Daniels Midland is in talks with Australian commodity giant GrainCorp after putting forward an offer just shy of US$2.8bn (A$2.7bn) for a cash takeover.
As the dust settles on Friday’s announcement by the Indian government to finally allow foreign direct investment in multi-brand retail, it is becoming clear that the country’s beleaguered supply chain will be one of the major winners.
