Malysia: Ajinomoto to invest in halal foods plant
The Malaysian division of Japanese seasoning firms Ajinomoto is set to invest 355 million MYR ($84.62 million) to build a new production plant for halal foods on a plot of land located in Seremban, in Negeri Sembilan, according to a report in The Edge Markets. The company is said to have recently acquired the freehold […]
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 […]
Indonesia: Nestle invests in factory expansion
Consumer goods giant Nestle has announced the expansion of three factories in Indonesia through a $100 million investment. Upgrades to the three factories, located in Karawang (West Java), Kejayan (East Java) and Panjang (Lampung) will increase Nestle’s current production capacity in the country by 25%, the company said. “We recognize an increasingly conducive business opportunity […]
India: PepsiCo to establish snack plant in Uttar Pradesh
PepsiCo, the US based drinks and snacks giant, is planning to invest 514 crore INR ($74.7 million) over the next three years to set up a snack manufacturing plant in Uttar Pradesh, northern India, according to a report in the Economic Times. The new plant is expected to create over 1,500 direct and indirect jobs, […]
China: PepsiCo buys stake in Natural Food International
Global snacks and drinks giant PepsiCo has acquired a stake in Natural Food International, one of China’s largest natural food firms, according to media reports. PepsiCo’s 26% stake in the Shenzhen-based company will reportedly make it Natural Food International’s second largest shareholder. Natural Food International makes products from grains, nuts, and beans, with a focus […]
China: Nissin plans new plant
Nissin, the instant noodle maker, has announced its plans to invest 180 million CYN ($26.19 million) to build a new production plant in Zhuhai, southern China, for the manufacturing of packaging materials. The company said the investment would facilitate its business growth and development in Hong Kong and the rest of China. The plant is […]
Australia: Intersnack acquires minority stake in Universal Robina division
Intersnack, the Germany based-snack giant, has acquired a 40% stake in Universal Robina’s Australia and New Zealand business URC Oceania, according to ESM and Inquirer.net reports. The partnership is intended to boost the two companies’ presence in the region’s snack food market. Intersnack will reportedly pay for the transaction through a combination of cash and […]
China: Suning.com to buy 80% stake in Carrefour China
Suning.com, China’s third largest e-commerce platform, is planning to buy an 80% stake in Carrefour’s Chinese business for 4.8 billion CNY ($698 million), according to a report in Bloomberg. The deal values Carrefour’s China unit at 0.2 times its 2018 sales, compared to an industry average of 0.8, the news agency added. Carrefour is described […]
India: Kerry Foods opens new facility
Kerry Foods, the Ireland-based food firm, has announced the official opening of a new €20 million ($23 million) production facility in Tumkur, India, 120km from Bangalore. The new 40,585 sq m plant will serve Kerry Taste & Nutrition’s global and regional customers in the South West Asia region, the company said. “Our Tumkur facility will […]
Australia: Coca-Cola Amatil sells SPC processing business
Coca-Cola Amatil (CCA), one of the largest bottlers of non-alcoholic ready-to-drink beverages in the Asia-Pacific region, has announced it has reached a deal to sell the SPC fruit and vegetable processing business to Shepparton Partners, a joint venture between Perma Funds Management and The Eights, for A$40 million ($28 million). CCA originally announced it was […]