Australia: Heatwave hits honey supplies
Australian food manufacturers are starting to feel the effects of recent abnormal weather conditions which have resulted in supply shortages of honey. Food and Drink Business reports that The Australian Honey Bee Industry Council (AHBIC) recently warned companies that 2014 looked set to deliver the lowest honey yields nationally in at least a decade. AHBIC […]
Australia: SPC Ardmona writedown hurts Coca-Cola Amatil earnings
Coca Cola Amatil is said to be concerned by weak consumer confidence and spending in the carbonated beverage category after a decline in full-year net profit of more than 80 per cent. According to The Australian, the profit fall is largely due to a writedown on Australian business SPC Ardmona. It was recorded that in […]
Australia: Special K reformulated for the first time in 50 years
In a response to changing consumer tastes, Kellogg has embarked on a high profile reformulation to boost the nutritional status of its Special K cereal in Australia. According to Food and Drink Business, it is the first major reformulation of the breakfast cereal since its launch half a century ago. It is reported that Kellogg […]
New Zealand: Goodman Fielder confirms 120 jobs to go
More than 120 jobs are set to go at a meat factory in Hamilton, New Zealand after Goodman Fielder confirmed the closure of the plant. According to newspaper the New Zealand Herald, workers at the Huttons / Kiwi Bacon factory were called into a meeting with Goodman Fielder NZ managing director, Peter Reidie. It is […]
Australia: Capilano Honey profits spike upwards
Capilano Honey has reported that net profit before tax climbed to $2.9 million for the six month period ending on 31 December 2013. According to Australian Food News (AFN), the figure is more than twice last year’s $1.02 million profit, and the company’s revenue has increased from $33.8 million to $43.2 million. The Company’s acquisition […]
India: Mondelez announces investment plans
Mondelez International has announced plans to invest US$190 million in the Indian state of Andhra Pradesh to establish the company’s largest manufacturing plant in Asia Pacific. According to AP Food Online, the new facility will span a 134 acre site and will have an annual capacity of 250,000 tonnes, making it the largest chocolate manufacturing […]
Australia: Woolworths sales growth continues
Woolworths Limited has released its sales results for the first half of the 2014 financial year (the 27 weeks to 5 January 2014) with key figures showing that group sales from continuing operations (excluding petrol) grew 5.8% to AUD$28.2 billion ($25.2 billion). The supermarket chain also revealed sales for the second quarter from continuing operations […]
Philippines: Japan’s Calbee to partner with Universal Robina
Universal Robina Corp (URC), a leading snack and food manufacturer in the Philippines and number two player in the coffee market, is currently discussing a partnership agreement with Japan’s largest snack food company Calbee, Interaksyon reports. With P600 million of capital, the planned 50-50 joint venture company would manufacture and sell snack foods by April, […]
Australia: Brewer Coopers enjoys record sales in 2013
Australian beer company Coopers Brewery has enjoyed record beer sales for the 2013 calendar year, moving beyond the 70 million litre mark for the first time in the company’s history, according to Australian Food News. According to the brewery, total beer sales in 2013 reached 72 million litres, an increase of 4.7 per cent on […]
Indonesia: Tereos establishes presence through joint venture
French group Tereos, a producer of sugar products under brands such as Beghin-Say, Guarani, TTD, and Sucreries de Bourbon, has entered the Indonesian market through the 50% acquisition of Redwood Indonesia from FKS Group. FKS will retain a 50% stake and along with Tereos will operate Redwood Indonesia, the sole producer of starch and glucose […]