Middle East food and beverage heavyweight Agthia is looking to expand further in major date-consuming markets worldwide after a profitable first half of the year, with plans to boost production and processing capabilities already in motion.
Delhi-based digital retailer Wellversed says evolving from a distributor model to now also creating its own products has been key to gaining a more holistic understanding of the Indian consumer, as it outlines plans to expand its brand portfolio.
Singapore and Malaysia manufacturer Ha Li Fa’s says the success of its plant-based seafood range has accelerated its expansion into Cambodia, Brunei and Saudi Arabia.
UAE firms, Global Food Industries (GFI) and International Beverage and Filling Industries (IBFI) which are part of the Albatha Group have set a five-year-plan as it look to double the food and beverage business locally and regionally.
Australian dessert manufacturer Frosty Boy has made its first foray into nutritional beverages and plans to make a push into major markets such as China, Middle East, and Indonesia.
Chinese’s premium baijiu brand Rong Tai He Moutai (RTH) Maotaijiu is planning to expand into Japan, South Korea, ASEAN and the US with its high-end spirit this year.
Nestle is increasing its Indonesian production capacity by 25% through the expansion of three of its factories in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung).
They might be part of the same company, but two Nestlé subsidiaries in China are being tasked with playing two very different roles for the food and beverage giant.
Japan dairy giant Megmilk Snow Brand will be investing US$35mn (JPY4bn) into consolidating the production functions of its existing plants with an eye on efficiency and optimisation.
Indian bakery and dairy giant Britannia Industries will diversify its product offerings in the bakery segment over the next year in an effort to evolve into a ‘total foods company’
Nestle (Malaysia) Berhad will be investing over RM100mn (US$24mn) to establish the world’s largest Milo Manufacturing Centre of Excellence, but it will also lead to Milo production at one existing site halting.
Foreseeing that hojicha will become one of the most popular tea varieties, Canadian start-up Hōjicha Co is devoting its resources to sell only hojicha products.
China’s biggest beverage manufacturer Wahaha intends to enter car manufacturing and has has set up a new subsidiary - the Zhejiang Deqing Haha Technology Innovation Centre Co. Ltd.
San Miguel Food and Beverage (SMFB) will plough resources into building new company-owned production facilities in the Philippines in an effort to tramp-up production and help boost exports.
