India: Dharampal Satyapal Group to open five new production units
Indian conglomerate Dharampal Satyapal Group (DS Group) has announced plans to open five new production units as part of an investment plan totalling around Rs 200 crore ($31 million) over the next three years. The units will be a mix of company-owned and leased and will produce a range of dairy goods for the Indian […]
China: Meiji Holdings opens new ice cream plant
The Japanese food group Meiji Holdings is expanding its production capacity with the opening of a new ice cream factory in the city of Guangzhou, South China. The new plant will begin operating from early January 2015, with product sales starting in the South China region by the end of the same month before being […]
Japan: Ito En to acquire coffee producer Distant Lands Trading
Ito En, Japan’s largest tea company and beverage manufacturer, has announced the acquisition of the US coffee company Distant Lands Trading (DLTC) for 10 billion yen ($83 million). DLTC specializes in custom roast coffees for private label grocery and food service clients and also sources premium green coffees direct from origin for specialty coffee roasters, […]
Thailand: Thai Union Group to aquire Bumble Bee Foods
Thai Union Group (TUF), the world’s largest processor of shelf-stable tuna products and the owner of major brands including John West and Chicken of the Sea, has announced that it has entered into a binding agreement to acquire 100% of the shares of North America’s largest branded shelf-stable seafood company Bumble Bee Foods. The acquisition of […]
Singapore: Olam International to acquire ADM’s global cocoa business for $1.3 billion
Olam International has announced that it is set to complete the acquisition of the global cocoa business of Archer Daniels Midland Company (ADM) for $1.3 billion. In a statement, Olam said the deal would establish Olam Cocoa as one of the world’s top three cocoa processors focused on the supply of cocoa liquor, powder, and […]
New Zeland: CH’I launches two herbal refreshers for the summer season
CH’I, a manufacturer of herbal extract drinks, is releasing two new “herbal refreshers” for the summer season in New Zealand. The new CH’I Herbal Lemon is described as featuring the handcrafted extract from an ancient herbal blend with lemon juice and cane sugar in mineral water. CH’I Lemon Grass and Lime contains extract of lemongrass […]
India: ITC to invest Rs 1,000 crore in early 2015
ITC Ltd has plans to invest Rs 1,000 crore ($160 million) in the dairy and juice businesses in the first quarter of 2015, according to a report in the Economic Times. The expansion will reportedly involves setting up new production facilities in Munger, Punjab,Uttar Pradesh, Maharashtra, Telangana and Andhra Pradesh. While ITC’s foray into juice […]
Indonesia: Cargill considers $1 billion investment over the next three years
Cargill is looking to invest $1 billon in Indonesia over the next three years to expand its palm business and enter the poultry sector, according to Reuters. It is reported that Cargill, which is already present in Indonesia in the palm oil, cocoa and animal feed sectors, sees great potential in poultry production in the […]
Australia: Woolworths expands Asia presence with Summergate acquisition
Australian supermarket chain Woolworths has announced that its subsidiary Woolworths Liquor Group has acquired the China-based wine and drinks distributor, Summergate Fine Wines and Spirits (Summergate). Summergate is a drinks distributor representing a portfolio of around 80 global brands. It has a small fine wine retail business, as well as a limited online and direct […]
China: Barilla launches pasta range targeted at the Chinese market
Italian pasta company Barilla Group has announced the launch of its new “Pasta Pronto” brand, designed to meet the needs of Chinese consumers. Through the new launch, Barilla intends to offer an authentic and convenient taste of Italy, the company said. Pasta Pronto is specifically aimed at busy modern Chinese consumers, allowing them to prepare […]