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China direct

Noodle major Nissin to enter Chinese potato chip market

Nissin is preparing to enter China’s “shining” potato chips market in a bid to open up a new revenue stream beyond its traditional instant noodles empire.

French yeast giant Lesaffre establishes APAC hub in Singapore

Lesaffre, a 164-year-old French company specialising in yeast and fermentation products, has officially opened its regional expertise hub in Singapore, consolidating its different APAC business streams.

Pro Mach acquires P.E. Labellers with plans to open more facilities

Pro Mach has acquired P.E. Labellers, which manufacturers self-adhesive, hot melt, cold glue, roll-fed, and sleeve labeling technologies.

Interpack 2017

Multivac signs MoU with Meyn Food Processing Technology and Cabinplant

Multivac has completed a strategic alliance (Memorandum of Understanding) with Meyn Food Processing Technology and Cabinplant to sell joint processing, filling, weighing and packaging technology.

Quarterly earnings

Mondelēz Q1 a ‘solid start’, driven by Oreo, Cadbury, belVita and Ritz

Mondelēz has posted organic growth of 0.6% during Q1, beating the company’s expectation, CEO Irene Rosenfeld said.

Exclusive interview

Fresh bread following craft beer’s trajectory, says Novozymes

Danish biotech firm Novozymes AS is investing in R&D to help meet changing consumer demands for bread with immediate freshness and low carbs.

Korozo Ambalaj flexible packaging to expand internationally

EBRD (the European Bank for Reconstruction and Development) and Esas Holding venture capital firm have acquired a majority stake in Korozo Ambalaj, in Turkey.

Taste, habits, price and availability: Why young Singaporean adults aren’t eating whole grains

Food manufacturers and health officials have to overcome significant barriers to encourage the consumption of disease-fighting whole grains among young Singaporean adults, a new study has found.

ABB to install switchgear at Nestlé Buitoni pizza plant

ABB has won a contract to supply a UniSec medium voltage secondary distribution switchgear at Nestlé’s Buitoni frozen foods plant in Benevento, Italy.

Cargill, General Mills and Unilever agree to fortify flagship wheat flour brands with vitamins and minerals in India

Major brands and millers have agreed to fortify wheat flour with iron, folic acid and vitamin B12 under India’s drive to boost nutrition levels through a mass fortification programme. ...

Almarai, ADM ‘preparing bid’ for Saudi milling monopoly sell-off

Almarai is rumoured to be among the companies in line to bid for Saudi Grains Organisation’s milling monopoly.

Crisp Sensation crumb coating technology to expand globally

Crisp Sensation has completed an expansion of its management team, hiring Lucas Hendrikse, former senior VP, Food Ingredients, DSM, as CEO.

DS Smith, International Paper & Smurfit Kappa in fraud investigation

The Italian Competition Authority (AGCM) has launched an anti-trust investigation into alleged corrugated sheet and packaging fraud in Italy.

Advances in wearable Smart Glasses will outpace handheld technology

By the end of the year, manufacturers will see ‘transformational’ wearable technology in the consumer market, which will overtake sales of handheld devices, says NSF International.

Bimbo acquires frozen bakery brand Panattiere

Grupo Bimbo has acquired a Colombia-based frozen bakery firm, Panattiere, CEO Daniel Servitje announced during the recent financial results conference call.

Danisco cleared to release five bakery enzymes by Indonesian regulator

Indonesia’s food watchdog has approved five DuPont Danisco range of bakery enzymes, giving the ingredients access for the first time to Indonsia’s sizeable flour milling industry.

ABB launches investigation after misappropriation of funds

ABB has launched an investigation after its former treasurer allegedly stole money from its South Korean subsidiary.

Indian snack maker Haldiram’s posts positive 2016 growth

Haldiram’s has announced a 13% revenue growth to reach Rs 4,000 crore (over $600m) in financial year 2016.

JV funding gives Turkish flour producer Ulusoy Un a boost

The European Bank for Reconstruction and Development (EBRD) has partnered with the Industrial Development Bank of Turkey (TSKB) to provide working capital to Ulusoy Un Sanayi Ve Ticaret A.S.

Mondelēz names 2017 ‘Year of Well-being and Innovation’ with launch of Véa snacks

Mondelēz has added savory biscuit brand Véa to its portfolio, targeted at today’s health-conscious millennials.

Lotte to face 'severe consequences' if it allows US missile system, warns China

China’s state media outlet Xinhua has urged Lotte to reject a US missile system on a golf course owned by the Korean conglomerate or face "severe consequences"....

Hong Kong’s Swire to double down on Chinese bakery investment

Cathay Pacific’s parent plans to nearly double the size of its retail bakery business by 202, to become one of the biggest bakers in China.

Expert panel established to drive forward India's national fortification plan

The Food Safety and Standards Authority of India (FSSAI) has set up a panel of doctors and research scientists to prepare the final version of its food fortification laws –...

Mondelēz’s Milka brand enters brownies segment, ready to roll out across Europe

Mondelēz-owned Milka has launched its first brownie products in France, and plans to introduce the range across other key EU markets in 2017, according to the company’s Twitter.

Q4 and full-year results

Hershey bets on multi-textural snacking and Chinese e-commerce for growth

Reese’s and Cookie Layer Crunch will be major investment focuses when Hershey’s next CEO Michele Buck takes office in March, 2017, according to the company’s Q4 earnings conference call....

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