Thailand: New PepsiCo snack plant opens its doors
PepsiCo has opened a new potato chip plant in Ayudhaya Province, Thailand, Food & Drink Business Europe has revealed. The new facility forms part of PepsiCo’s strategy of increasing its presence in the emerging and developing markets of Asia Pacific. The potato chip factory began production on February 4th, 2014 and becomes the second plant […]
India: Mother Dairy looks to woo fruit juice lovers with new fruit ice creams
Mother Dairy, India’s third largest player in the ice cream market behind Kwality Walls and Amul, has announced that it is planning to launch a fruit-based ice cream primarily targeted at fruit-juice-drinkers. Designed to be sweet and colourful, the impulse ice cream products will be marketed under the Fruitolicks brand name and will have fruit […]
China: Weetabix to whip up new savoury flavours
Weetabix, the British brand now majority-owned by a state owned Chinese Food major Bright Foods, is looking to expand its cereal product portfolio in China. The company plans to reinvent its range to adapt to local preferences and make them more appealing to the consumers. Giles Turrell, chief executive at Weetabix said: “We have learned […]
Japan: Nestle to launch “baked” Kit Kat
Nestle Japan has announced the launch of its latest innovation under the KitKat brand – a chocolate bar that can be eaten as a conventional snack bar but can also be “baked” for 2 minutes, changing the texture. Named “Yaki Cream Cheese” (“Yaki” means baked, toasted, or grilled in Japanese), the new product has been […]
Australia: A2 Corporation set to enter US market
It is being reported by Australian Food News that, following 22% growth in revenue in the first half of 2014, dairy company A2 Corporation has announced that its “next priority growth initiative” will be the US fresh milk market. It is claimed that the move will see the company export technology rather final food products, […]
Australia: “Success” for Woolworths with Farmers’ Own Milk
Supermarket Woolworths has announced that the trial of Farmers’ Own milk has been an “enormous success” and will now be permanently available in 105 stores across New South Wales. Australian Food News reports that the move allowed more than 2.5 million customers to be “directly” linked to dairy farms from the Manning Valley (where the […]
Japan: Kirin interested in raising stake in San Miguel Brewery
Kirin Holdings Co. has announced its interest in raising its stake in San Miguel Brewery Inc. According to the Japan Times, the company, which holds about 48% of the Philippine beer maker, would weigh boosting its stake if offered. San Miguel Corp. currently owns 51% of the San Miguel Brewery. Commenting on the potential move, […]
Australia: Loss of private label contract hits iconic pie maker
Patties Foods (Patties), the maker of Australia’s best known pie, Four’N Twenty, has announced that its revenue increased by only 0.9 per cent for the first half of the 2014 financial year. Australian Food News stated that the company’s results were heavily impacted by of the loss of a major supermarket private label contract. The […]
Malaysia: BAT Malaysia profits up
According to media reports, British American Tobacco (Malaysia) Bhd’s profit before tax rose 3.3% in Q4 2013. The company recorded MYR 254.30 million ($77.7 million) profit in Q4 2013 compared to MYR 246.12m ($75.2 million) a year ago, due to growth in contract manufacturing volume for export and lower operating expenses. However, the domestic market […]
Australia: UK investment company acquires Ernest Hillier
Re:Capital, the Australian arm of UK investment company Hilco Capital, is said to have acquired Australia’s oldest chocolatier, Ernest Hillier Pty Ltd (Ernest Hillier). According to Australian Food News (AFN), the sale comes as the former owners of Ernest Hillier’s, the Piedimonte family, focus on other business interests. Ernest Hillier was founded in 1914 and […]