China: Mane Fragrances & Flavours opens second phase of plant
Mane Fragrances & Flavours has recently announced the opening of the second phase of its plant located in the Baoshan District of Shanghai. According to Cosmetic Business, the move sees the French flavour and fragrance company triple the size of both its R&D and manufacturing facilities, with the expanded building including a state-of-the-art Sensory & […]
Australia: Helga’s launches “lower carb” bread
It has recently been announced that Helga’s has launched three “lower carb” bread products aimed at consumers following carbohydrate-controlled diets. Food Mag Australia reports that the range contains 25 percent less carbohydrates than a standard mix grain loaf and is available in Five Seeds, Soy & Toasted Sesame and Golden Linseed varieties. According to Susie […]
India: Metro plans to triple outlets by 2020
According to VCCircle, German cash and carry firm Metro Group plans to triple its store count in India to 50 by 2020. Olaf Koch, Chairman of the management board of Metro, said: “India has always been an important future growth market for METRO and we have seen continuous like-for-like growth recently in India. Now we […]
China: RPC expands into Asia with ACE acquisition
According to media sources, RPC Group, an international rigid plastic packaging supplier, is acquiring the large Chinese injection moulding firm ACE Corp. Holdings Ltd. The deal, worth up to $430 million, will be RPC’s first manufacturing presence in Asia and one which the company hopes to be able to use as a platform to make […]
Australia: Big Sister Foods goes into receivership
Australian baked foods manufacturer Big Sister Foods has reportedly collapsed, with receivers PPB Advisory now said to be looking for buyers. According to Australian Food News, the company has been in operation since 1945 and employs around 100 people in New South Wales. PPB Advisory said that Big Sister Foods had recorded annual revenues between […]
Australia: Goodman Fielder rejects takeover proposal
It has been reported that food manufacturer Goodman Fielder has rejected a takeover proposal from agribusiness group Wilmar International Limited (Wilmar) and Hong Kong based investment company First Pacific Limited (First Pacific). According to Australian Food News, the company has said the proposal “undervalues Goodman Fielder” and is “opportunistic”. The takeover, offered to the company […]
India: Mahou San Miguel invests in India with Arian acquisition
The Spanish brewery Mahou San Miguel has created its first wholly owned subsidiary in India with the 100% acquisition of Arian Breweries & Distilleries Ltd. Mahou San Miguel had previously acquired 50% of the company, owned by a local family, two years ago. Alberto Rodriguez-Toquero, CEO of the company commented: “They have been two exciting […]
Australia: Cadbury to import fairtrade cocoa and support PNG farmers
Cadbury Australia, part of the Mondelez International group, has recently announced its partnership with agribusiness Monpi Cocoa Exports to begin importing Fairtrade cocoa beans from Papua New Guinea (PNG). As reported by Australian Food News, Cadbury has been supporting the efforts of Club 3000, a group of smallholder cocoa farmers, to sell its cocoa under […]
Australia: Monster Health Food launches Health Star Rating
Australian owned and made breakfast foods company Monster Health Food has become the first manufacturer in Australia’s to display a new Health Star Rating. According to Food & Drink Business, the Health Star Rating system, which was developed by industry, consumer, and public health groups, aims to provide an overall indication of a food’s nutritional […]
India: Diageo aims to increase stake in United Spirits
Diageo Plc, the multinational beverages company based in London, has offered $1.9 billion to increase its stake in India´s United Spirits Ltd. At the moment Diageo holds 28.8% of United Spirits and if successful, would end up with 54.8% of the India´s largest spirit company, offering 3,030 rupees ($50.30) per share. Even though two-thirds of […]