Thailand: ThaiBev to take majority stake in Sabeco
ThaiBev, the leading Thai drinks firm, has announced that it has made a successful bid to acquire a majority stake in Vietnam’s state-owned beer maker Sabeco. In a statement, ThaiBev said it had agreed to acquire approximately 53.59% of all outstanding ordinary shares in Sabeco for an aggregrate price of approximately 156 billion THB ($4.77 billion). […]
India: ITC opens manufacturing & logistics facility
ITC, the Indian consumer goods giant, has announced that it has inaugurated a new state-of-the-art food manufacturing and logistics facility in Kapurthala, in the state of Punjab, India. According to sources, the new plant, which is spread over 72 acres of land, will boost the Punjab’s food processing sector and help to strengthen the state’s […]
India: Lavazza launches coffee ‘made in India for India’
Italian based coffee company Lavazza has launched Il Mattino Vivace, a new ground coffee product to be sold to consumers in India. According to sources, Il Mattino Vivace (Lively Morning) coffee is the first made by the firm in India from Indian coffee beans, and specifically for consumers in the country. The filter coffee, said […]
India: Coca-Cola launches Maaza Gold
Soft drinks giant Coca-Cola is launching a new variant of its Maaza mango juice drink which will be sold under the name Maaza Gold, according to a report in the Economic Times. Maaza Gold is described as being a thicker and smoother version of the traditional mango drink, which has been available in India since […]
Malaysia: Jacobs Douwe Egberts makes bid for coffee firm OldTown
Jacobs Douwe Egberts, the world-leading specialist coffee maker, has made a bid to acquire the entirety of OldTown, a leading Malaysian manufacturer of coffee products and operator of coffee shops. In a statement, OldTown said the proposed pre-conditional cash offer for all the issued ordinary shares of OldTown represented a total aggregate consideration of approximately […]
Japan: Ajinomoto to develop new consolidated R&D centre
International food manufacturer Ajinomoto has announced plans to introduce a new facility that will consolidate the R&D functions of its group companies Ajinomoto Frozen Foods, Knorr Foods and Ajinomoto AGF “to promote further creation of high-value-added products and to reinforce the structure of the Japan Food Products business”. The new facility is being built with […]
India: SLN Coffee to launch Levista brand
SLN Coffee, an Indian coffee processor, is entering the branded instant coffee space with the launch of the Levista label. The firm, described as one of the leading exporters of coffee from India, and one of the largest suppliers of roasted and ground coffees in the country, said it aimed to generate 100 crore INR […]
Australia: AB InBev acquires Pirate Life
Pirate Life, a craft brewer based in Adelaide, Australia is to be bought by global beermaker AB InBev via its subsidiary Carlton United Breweries. Announcing the move in a statement, the two firms said the deal would enable Pirate Life to “continue its unprecedented growth path”. Established in 2014, Pirate Life produces a range of […]
India: PepsiCo launches Mirinda Joosy
PepsiCo, the food and soft drinks giant, is launching a new Joosy version of its Mirinda fruit-flavour soft drink in India. According to a report in the Economic Times, the new version of the carbonated soft drink will contain orange juice and pulp sourced from Indian farmers. The drink is first being introduced in the […]
Chocolate shakes go trendy with avocado launch
The latest innovation insight from Gama Compass MANCHESTER – 28th November 2017: This month’s Innovation Insight takes a look at the stellar rise of avocado in the FMCG space, as the fruit forges new roles across the food, drinks and personal care industries. The latest development sees avocado make a name in the world of ready-to-drink chocolate shakes […]