AB-Biotics has signed an agreement with HanAll BioPharma to distribute its cholesterol-lowering probiotic in Korea. The deal will give the Korean company a 10-year licence to exclusively distribute the AB-Life probiotic across the country.
Reuters reports that Japanese drink maker Yakult Honsha has confirmed it has agreed with Danone SA to continue talks on the possibility of the French food company to take a bigger stake in Yakult.
One of Australia’s leading animal nutrients suppliers, Ridley Corporation, has announced it will acquire BPL, Victoria’s largest red meat and poultry renderer for AU$77m.
Rampant nutrition business acquirer, Royal DSM, has splashed the cash for the ninth time in two years – this time to the tune of €495m ($634m) on US-based multinational nutrient blending giant, Fortitech (€212m/$270m annual turnover).
Singapore-based Petra Foods has posted sales and profit declines in the third quarter (Q3) as it complained of weak global demand for chocolate that halved profits in its cocoa ingredients division.
Royal DSM saw Q3 sales slip 7% to €2.3bn across all divisions with polymer intermediates performing worst, but as has been the case in recent quarters, the Dutch firm’s nutrition cluster held firm with 1% organic growth in difficult economic times.
Nestlé's $11.85bn (€9bn) acquisition of Pfizer Nutrition has been given the go-ahead by anti-trust authorities in China – taking the “strategic” takeover a step closer to completion.
Fonterra has announced concrete plans to step up milk production in China after the New Zealand dairy giant signed an investment agreement to develop two more large farms in Hebei province.
Claims on a Toblerone label have met with the wrath of Australia’s consumer watchdog, Choice, to the point that the chocolate bar is the only food to make it into the 2012 Choice Shonky Awards.
Fonterra has signed an investment agreement with Chinese authorities to develop two more large-scale dairy farms – the latest step in the firm’s strategy to build a sustainable fresh local milk supply in the country.
Reuters has reported that Asia buyout firm Olympus Capital is leading an investor group that has injected US$50m to expand China's Huaxia Dairy Farm, which produces the raw milk that is in short supply in China's growing dairy sector.
Premier Foods has announced the £92.5 sale of its sweet pickles and table sauces business to Japanese firm Mizkan Group in a move that puts the firm past its target for disposals.
The world’s biggest food player, Nestlé, is investing A$17m (€13.6m) to renovate an Australian facility so it can produce medical foods for its Health Science division.
Beverage major PepsiCo has taken a major step towards cracking the growing Vietnam market by signing a strategic agreement with Japanese beverage and wellness player Suntory.
Kraft Foods global snacks spin-off Mondelez International has appointed Patrick T. Siewert to its Board of Directors to increase its knowledge of the emerging Asian market.
Australian, Japanese, South Korean, Taiwanese and other Asian consumers are driving rising demand in omega-3 source krill to levels that have prompted Norwegian krill supplier, Rimfrost, to ink a production-boosting joint venture.
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.
TÜV India, a subsidiary of the German TÜV Nord, has opened the doors to a new laboratory that will test agricultural and processed food materials in Pune.
Archer Daniels Midland has snapped up a share of Australian bulk grains firm GrainCorp and has requested further discussions for a ‘potential transaction’.
Further intensifying its efforts to crack the Chinese market, an Israel-based global premix supplier has inked a distribution agreement to ease into the local food manufacturing space.
To a backdrop of its slowing growth in the region, Nestlé has revealed that it will double the number of its research and development units in China. The announcement came at the company’s first ever China-centric earnings call from Shanghai.
Chinese foodmaker Yinlu Foods Group has announced plans to spend almost half a billion dollars in the construction of two new factories. The investment will serve to increase capacity by two-thirds.
BioGaia has signed an agreement with Ferozsons Laboratories for the exclusive rights to sell probiotic drops and tablets in Pakistan. The products will be sold under the BioGaia brand and launch is planned for 2013.
Japanese food major Morinaga who secured the sales rights for Pringles in Japan should tap into the imports trend and push original US flavours on the market, not Japanese imitations, an industry source says.
Two Belgian confectionary majors have announced a significant joint-venture that sets out to expand their combined presence and supply-chain in Vietnam and transform them into a regional 'powerhouse'.
With predicted growth of 15 to 20% imminent, probiotics in China and South Asia are destined for big things. But, according to Russell Ward, research director of food analyst Giract, a number of other factors must come into play before the segment reaches...
After Heineken successfully netted Asia Pacific Breweries (APB), CEO and chair Jean-François van Boxmeer told investors that there were ‘six key reasons’ why the capture was compelling.
Fonterra has announced plans to close its Cororooke, Australia manufacturing plant following a review of its manufacturing operations in the country’s Victoria region.
Biothera has named Ryusendoas its exclusive distributor in Japan of Wellmune WGP and its other immune health ingredients for foods, beverages, and supplements.
An Australian natural nutrition company has announced plans to invest INR100cr in an Indian manufacturing and sales operation to provide, it claims, the country's only scientific weight loss programme.
The US Agency for International Development has entered into a partnership with the Indonesian Chamber of Commerce and Industry (Kadin) to help address food security and conservation.
A new research programme being co-funded by the New Zealand government and a Chinese-owned seed company sets out to improve seed and plant species for farmers, improve animal productivity and minimise environmental impacts.
American snack food giant Del Monte has revealed that it has plans for an imminent entry into the Indian snack-food market with a range of fruit-based packaged snacks.
On a visit to Cambodia, the UAE minister for foreign trade revealed that her government was considering pumping money into halal food production and rice milling in the Southeast Asian country.
Agribusiness companies from the Philippines, Myanmar and Thailand have formed a consortium to develop a Southeast Asian rice supply chain using the proprietary hybrid and premium rice technology.
Carlsberg has agreed a strategic partnership with Singha Corporation, and tells BeverageDaily.com it is confident the new venture will succeed where a previous Thai partnership with Chang Beverages failed amidst legal acrimony in 2005.
The experimental business unit that is dedicated to rolling out new Danone products for the masses in India has been deemed a success and will be expanded to other cities across the country.
Australian confectioner Darrel Lea’s new owners have wasted little time in getting a foothold in the national commercial channels having secured a deal for 1,400 Independent Grocers of Australia (IGA) supermarkets to stock its confections.
KFC has revealed plans to accelerate its expansion across China’s smaller cities, and has pledged to open over 500 new restaurants per year over the coming years—a 20% increase over the current rate.
Fonterra has reported a drop in net profit for the 2012 season and cut its final payout to farmers - citing the negative effect of record breaking milk production on global dairy prices.
A new report by a government agency in the Philippines has revealed, that in spite of increasing its food production capacity, the country still remains a net food importer, giving cheer to multinational players.
A survey authored in Australia has found that while the Salmonella and E.Coli contamination of nut products there is not common, an outbreak is a likely outcome if it were to occur.
India’s domestic food and beverage brands have been growing their fan bases at a much faster rate than their global counterparts over the last year, according to research by Ketchum Sampark.
Volatile economic conditions, environmental concerns and low consumer sentiment have hurt Australian packaged water producers, a new report by research firm IbisWorld has revealed.
Bullish policymaking by the Indian government appears to be continuing with reports suggesting that it will now open up the food industry to single-brand foreign buy-ins.
US cereal giant Kellogg has struck a 50:50 joint venture with Chinese agribusiness monopoly Wilmar International that will manufacture and sell cereals and snacks across the country.