India: Nestle to invest in new Maggi noodle plant
The Indian arm of Swiss consumer goods giant Nestle has announced plans to invest an initial sum of 700 crore INR ($98.6 million) over the next two years to set up a new plant for Maggi noodles. Located in Sanand, Gujarat, the factory will be Nestle’s ninth in India and the fourth dedicated facility for […]
Australia: Saputo acquires Lion Australia’s speciality cheese business
Saputo, a Canadian dairy company, has announced that it has entered into an agreement to acquire the specialty cheese business of Lion Australia for A$280 million ($197 million). The deal is said to include all of Lion Australia’s specialty cheese brands, including King Island Dairy, Tasmanian Heritage, South Cape, Mersey Valley, Heidi Farm and Australian […]
China: Vitasoy to invest $154 million in new facility
Vitasoy, a manufacturer and distributor of plant-based food and beverages, has announced a 1.21 billion HKD ($154 million) investment to build a new manufacturing facility in Dongguan, China. 100,000 sq m in size, the Vitasoy facility will be the firm’s largest production facility in mainland China and it is expected to be operative by 2021. […]
India: Kraft Heinz to sell brands to Zydus
Multinational food and beverage company Kraft Heinz has annoucned an agreement to sell its India brands to consumer health firm Zydus, the personal care arm of Indian pharmaceutical company Cadila Healthcare, for approximately $625 million on a debt free and cash free basis. The portfolio of brands includes Complan, Glucon-D, Nycil and Sampriti. “The sale of this […]
Malaysia: Nestle to strengthen presence with manufacturing expansion
Nestle’s Malaysia arm is to invest over 100 million MYR ($24 million) to expand its Chembong Milo production facility, investing in what the company describes as a “key manufacturing hub”. According to Nestle, the Chembong facility expansion will establish the world’s biggest Milo manufacturing centre, with capacity to better meet growing local and export demand. “This move is an […]
Australia: Coca-Cola Amatil to invest $118.9 million in new bottling plant
Coca-Cola Amatil is to invest A$ 165 million ($118.9 million) to expand a bottling and warehouse facility in Richlands, Australia. The new plant, which will have capacity to produce more than 90 million-unit cases of drinks per year, will produce sparkling and still beverages, juices, teas, alcohol and dairy drinks. It will also include a […]
Australia: SPC to sell IXL and Taylor’s brands to Kyabram Conserves
Australian fruit and vegetable cannery SPC, part of the Coca-Cola Amatil group, has sold the IXL jam and Taylor’s marinade and sauces brands to Kyabram Conserves. Terms of the sale were not disclosed. According to a company statement, Kyabram Conserves will continue to produce IXL and Taylor’s products from the site in Kyabram. “IXL and Taylor’s […]
Thailand: Nestle launches KitKat Duo Milk Tea
Nestle, the Swiss consumer goods giant, has expanded its product range with the launch of a new Kit Kat variety for its Southeast Asian market. The new Kit Kat Duo Milk Tea was launched in Thailand, Malaysia and Singapore. According to Nestle the new flavour is a “full-bodied, creamy and soothing flora scent of a […]
Australia: Coca-Cola acquires Mojo kombucha line
The Australian arm of soft drinks giant Coca-Cola has announced the acquisition of kombucha maker Organic & Raw Trading , owner of the Mojo organic live culture kombucha drinks brand. The acquisition of Mojo sees Coca-Cola enter the kombucha category for the first time. Commenting on the acquisition, Coca-Cola Australia president Vamsi Mohan said: “This is […]
China: Mondelez unveils Oreo savoury flavours
Leading bakery and snacks producer Mondelez International has announced the launch of its cookie brand Oreo in two unconventional flavours. A limited edition for the Chinese market, the new Hot Chicken Wing flavour, featuring a buffalo sauce-esque orange cream, and Wasabi green, were announced by the firm on Twitter. Mondelez International has also announced a […]