Japan: Kirin seeks full ownership of Fancl
Kirin, the leading Japanese drinks firm, has announced a ¥220 billion yen ($1.39 billion) tender offer to acquire the remaining shares in personal care firm Fancl, with the aim of making it a wholly-owned subsidiary. Kirin acquired around 33% of Fancl’s shares and established a capital and business alliance in 2019. “By commercializing ingredients created […]
India: Mondelez International and Lotus Bakeries form partnership
Global snacking and confectionery giant Mondelez International has announced it has partnered with Lotus Bakeries to expand its presence in India and to develop new chocolate products. In a press release, Mondelez International said the joint venture would allow it to manufacture, distribute and market Lotus cookies in India, as well as create new co-branded […]
South Korea: Nissin Foods acquires Gaemi Food
Nissin Foods, the Japanese instant noodle manufacturer, has announced the acquisition of Korean snack company Gaemi Food for 48,000 million KRW ($35 million). Founded in 1995, Gaemi Food is defined as a manufacturer of crispy roll snacks under the Baked Crispy Roll name and confectionery under the brand Kemy, as well as snacks for infants […]
Philippines: Yakult opens new production facility
Yakult, the Japanese probiotic dairy drink manufacturer has announced the opening of its second production facility in the Philippines. Built at a cost of 2 billion PHP ($34 million), and located in El Salvador, Mindanao, the new facility sits on a site of roughly 42,000 sq m, and will produce drinks under the Yakult brand […]
Singapore: Good Meat launches “world first” cell-based chicken
Good Meat, a US-based cultivated meat company, has announced what it claims is the world’s first launch of cell-based chicken in collaboration with Singapore’s Huber’s Butchery. The new product, called Good Meat 3, is described as a low-cost chicken mince formulation with 3% cultivated chicken, and is promoted as having the same taste, texture and […]
Malaysia: Fraser & Neave to build dairy plant in Cambodia
Fraser and Neave, the Singapore-based brewing firm, has announced plans to invest 179.5 million MYR ($37.5 million) to build a dairy plant in Cambodia, with a focus on canned milk production. In a statement, the firm said it intended to lease 32,200 sq m of land, build the facility, and procure machinery for the production […]
Australia: Asahi Beverages acquires spirits maker Never Never
Japanese drinks giant Asahi has announced the acquisition of South Australian spirits maker Never Never through its alcoholic beverages division, Carlton & United Breweries (CUB). Founded in 2016, Never Never offers gins under brands such as Triple Juniper, Oyster Shell, and Grenache and has full-time headcount of around 15. Commenting on the deal, Asahi CEO […]
India: Royal Canin opens pet food packing plant in Maharashtra
Mars affiliate company, Royal Canin, has announced the opening of India’s first and Asia’s second-largest packaging plant for pet food products in Bhiwandi, Maharashtra, with an investment of R$100 crore ($13.5 million). The state-of-the-art packaging centre reportedly features an automatic packing machine and relevant utilities, facilitating the effective conversion of bulk goods into retail packs. […]
India: Nestle and Dr Reddy’s announce joint venture for nutraceutical brands
The Indian arm of consumer goods giant Nestle and Indian multinational pharmaceutical company Dr Reddy’s have formed a joint venture to offer new nutraceutical brands to consumers in India and other agreed territories. The joint venture will establish its headquarters in Hyderabad, and select brands will be licenced by both parties. Nestle Group will license […]
Australia: Lactalis to shutdown Pauls dairy factory in Echuca
French dairy group Lactalis has announced plans to close a factory in Echuca, in the Australian state of Victoria, that manufactures milk and yoghurt products for the Pauls brand. The move follows a decision by the company to consolidate its yoghurt and dessert operations at its larger regional centre of Bendigo, which is set to […]