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.
D Shivakumar has been named as the new chairman and chief executive of PepsiCo India, a post that has been lying vacant since former incumbent Manu Anand quit the company in June to join Cadbury Kraft.
It’s shopping bags at dawn in the latest battle in Australia’s supermarket war, with Woolworths pointedly accusing Aldi of not playing fair and urging the discount retailer to sign the same voluntary code of conduct it and Coles had signed last month.
Having already formed alliances with PepsiCo, Asahi Group and others over the last three years, China’s Tingyi is looking to further boost its portfolio, according to its chief financial officer.
Dragons’ Den winners Helen and Lisa Tse – the driving force behind Chinese sauce manufacturer and Manchester restaurant Sweet Mandarin – have thanked Prime Minister David Cameron, after he helped them win an export deal with China worth £6M over the next...
Canadian dairy giant Saputo has been ordered by the Australian Takeovers Panel not to process any acceptances received under its latest bid for Warrnambool Cheese and Butter (WCB), following a complaint by rival bidder, Murray Goulburn.
Fonterra may still face legal action from Danone over the recent whey protein concentrate (WPC) botulism scare, the New Zealand-based dairy cooperative's CEO has admitted.
It was revolving doors today in the Australian food and beverage industry as GrainCorp announced the departure of its chief executive, closely followed by Coca-Cola Amatil broadcasting its own new appointment.
Coca-Cola has slammed official reports in Sri Lanka that production at the island's only bottling plant has been suspended for three months, as have all sales of the beverage on the island.
One of Europe's leading food research institutes has signed an MoU with the South Korean government under plans to relocate its research centre to South Korea.
Fonterra has completed the purchase of the assets of Tamar Valley Dairy, an Australian yogurt manufacturer that went into administration earlier this year.
Murray Goulburn has asked the Australian Takeovers Panel to force Saputo to drop its recent “improved and simplified” offer for in-demand Warrnambool Cheese and Butter (WCB), and reinstate previously proposed special dividends.
Diageo says it see a massive opportunity for international spirits in the Asia Pacific and claims its scale lends it a significant competitive advantage in the region.
Dairy leaders from the Australian state of Victoria have descended on Canberra to petition lawmakers for a more “level playing field” as the local industry fights against foreign imports and corporations.
Warrnambool Cheese and Butter (WCB) has again given its backing to the latest takeover bid by Canadian dairy giant Saputo, rejecting rival offer by Murray Goulburn and Bega Cheese.
Indra Nooyi says people should forget PepsiCo’s Coke rivalry in India and welcome both firms’ $10.5bn investment in the country, where the middle class will exceed that of the US, UK and France together in five years.
Fonterra has moved to strengthen its leading position in the Australian yogurt sector through the acquisition of Tasmanian firm, Tamar Valley Dairy, which went into administration earlier this year.
The company behind Australia’s first single origin chocolate says the country’s cocoa is rich in polyphenols and is set for a big future. Its executive chairman, Cadbury veteran Barry Kitchen talks to ConfectioneryNews.
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.
Mondelez International has fallen short of sales expectations in the third quarter (Q3) as the slowing Chinese economy dented consumption, particularly in its biscuit category.
Aker BioMarine has expanded its team in Australasia by hiring Alex Tomlinson as its business development manager. Tomlinson will help lead the region's new office in Melbourne, Australia, with a focus on nurturing existing business relationships...
Korean confectioner Lotte is aiming to increase its overseas sales six fold in the next five years led by growth in China, India and Russia, the firm said in its first half (H1) results.
DSM has delivered a Q3 increase in EBITDA earnings of 27% across all its divisions despite “headwinds” like the ongoing economic flatline in Europe and elsewhere, challenging currency movements and rising ingredient costs.
LycoRed has now reached a settlement with Indian firm EID Parry after the carotenoids supplier filed for patent infringement in March last year over its tomato lycopene products and related manufacturing processes.
The wires are ablaze with talk today about the long-awaited entry by Burger King to the Indian fast food market – as much for the chain’s late arrival in the country as for the business model it is said it will adopt.
The battle to acquire Warrnambool Cheese & Butter (WCB) has taken a new turn, with New Zealand-based food and beverage company Lion acquiring a 9.99% shareholding in the Australian dairy processor.
SODA BEHEMOTH MEETS 'INCREASINGLY DIVERSE' CONSUMER DEMANDS
The Coca-Cola Company is set to open a $106m site in China’s Hebei province and says its bottling activities across five provinces although it to meet ‘increasingly diversified’ consumer needs.
Shinmei Co. Ltd is investing more than $10m in a rice processing facility in California to produce a gluten-free ‘Rice Bun’, an alternative to the burger bun, in the US.
Korean food firm Samjo Celltech is set to begin production of sauces and seasonings at its new plant in the Chinese city of Weihai in eastern Shandong Province, the company said on Monday.
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Chr Hansen CEO Cees de Jong today praised the Danish enzymes, cultures and colours specialist’s 2012-2013 performance that saw revenues grow 6% to €738m for the year, and highlighted 5% growth in sluggish EMEA as a major achievement.
Carlsberg’s CEO says his firm remains well-positioned for future growth after breaking ground on Burma's 'first ever' international brewery and starting construction on another facility in China.
An investigation into Fonterra's buttermilk disposal practices has been launched in New Zealand in response to concerns about the size of a dumping site dubbed the 'Lake of Buttermilk'.
The humble McAloo Tikki, McDonald’s' cheapest and most popular sandwich in India, is at the centre of a row between the multination’s regional office and one of its disgruntled joint-venture partners.
Murray Goulburn has challenged Canadian giant Saputo’s attempted acquisition of Warrnambool Cheese and Butter (WCB) with an offer that, if accepted, would create one of the largest Australian food and beverage firms.
With its eye firmly on the Korean food market, US-based sweetener major Stevia Corp. has inked a memorandum of understanding with Taekyung Nongsan, the Korean food ingredients manufacturer, to grow its business in the peninsula.
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.
