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Trends > Emerging Markets

Bright wins knowledge but Weetabix won’t work in China: Analysts

China’s Bright Food has snapped up 60% of Weetabix for £1.2bn (US$1.95bn) but industry analysts say the breakfast cereal concept will flop in China and have coined the move as...

Weetabix takeover signals focus on EU from emerging markets

The acquisition of Weetabix is the biggest sign yet of emerging market interest in Europe, according to industry commentators.

China’s Bright Food may claim first European 'beachhead' with Weetabix, but others could be lurking – analyst

Chinese company Bright Food is reportedly in talks with Lion Capital to acquire British cereal maker Weetabix and could make its first mark on Europe, according to an analyst.

Kerry’s new European emulsifier plant opens doors in Asia

Kerry Ingredients & Flavours has opened a new emulsifier plant in Europe, which will free up capacity at its existing Asia facility to capitalise on growth.

Firms looking to tap Africa may look to United Biscuits amid fresh sale rumours – analyst

Players looking to capitalise on the growing African market may move for parts of United Biscuits (UB) following speculation of a split ahead of a £500m sale.

Power brands and BRIC countries drive growth for Kraft in 2011

Kraft Foods has posted growth in its 2011 results driven by strong performance for its power brands and BRIC and European markets.

Sun sets in East: Emerging markets deliver for Nestle in 2011

Food giant Nestle has recorded modest growth in 2011 driven by strong performance in China and other emerging markets leading its CEO to say wealth potential is moving from West...

Kellogg records modest growth driven by Latin America and Asia-Pacific

Cereal and snacks giant Kellogg has announced growth in its fourth quarter (Q4) full-year results led by gains in Latin America and Asia-Pacific.

News in brief

Asian orders drive growth for Bühler

Food technology group Bühler has announced 12.5% growth in sales for 2011 due to increased orders from new customers in Asia.

General Mills looks to China as profits slump 28%

General Mills profits fell 27.5% in its second quarter results as the company said it was eyeing investment in China to improve its fortunes.

Asian suitors and Kraft may move for United Biscuits as split rumours rife

UK-based United Biscuits (UB) may have attracted bidders from Asia and major companies like Kraft and PepsiCo amid rumours the company has split its operations into a snacks and biscuit...

Puratos doubles production in China and announces two new sites

Bakery ingredients firm Puratos has announced plans to build a €22m site in China and production facilities in Spain and Mexico as it looks to seize upon strong growth in...

Kraft’s snacks spin-off targets Asia and Latin America as Rosenfeld appointed head

Developing markets are to make up almost half of revenues for Kraft’s global snacks business as the spin-off business announces Irene Rosenfeld as its head.

News in brief

Aryzta sees strong performance in emerging markets

Speciality bakery firm Aryzta has announced revenue growth of 9.6% in a first quarter (Q1) in a trading update issued yesterday.

Ocean freight connections offer cheaper solution for getting small loads to Asia – DHL

Ocean freight connections allow chocolate and pastry manufacturers to transport smaller shipments from Europe to Asia at lower costs than air freights, according to transportation firm DHL Global Forwarding.

Cargill to open its first Asian cocoa processing plant

Cargill has revealed plans to expand its cocoa and sugar operations in the emerging markets of Brazil and Indonesia.

Navigating the Asia Pacific food industry? Welcome to FoodNavigator-Asia.com

The leading source of news for the food and beverage industry in Europe and North America has now expanded to Asia, drawing on the knowledge and expertise of experienced local...

GLG granted Stevia patent in China

A fully owned subsidiary of GLG Life Tech Corp has been granted a patent in China for its stevia extraction process.

General Mills taps into ‘frugality fatigue’ as Americans tuck in to affordable treats

As the economy remains in the doldrums, Americans are showing signs of “frugality fatigue” while food is increasingly “playing an important role in helping consumers cope”, according to trend watchers...

CSM opens bakery mix facility in China

CSM has opened a new facility for dry bakery mixes and mixes in China, which will allow it to step up capacity to meet demand from Asia and better serve...

Emerging markets drive record Barry Callebaut half year net profits

Strong performance in emerging markets and a strategic focus on customer segmentation rather than individual products have driven Barry Callebaut to record half year profits.

News in brief

BASF increases propionic prices in Europe and Asia

BASF has announced a price increase in Europe and Asia for propionic acid – a widely used ingredient across a raft of sectors including food, plastics and pharmaceuticals.

News in brief

Build a BRIC strategy fast, IGD urges industry

Brazil, Russia, India and China will feature in the top five biggest grocery markets by 2015, with China set to snatch the top spot from the US in 2012, predicts IGD.

News in brief

Nestlé invests in South African cereal factory

Nestlé is investing around CHF 67m into two new factories in South African, one of which will produce two of its cereal products.

Thailand the immediate focus of Unifine in Asian expansion

Increasing demand for western style pastries in Thailand is behind ingredients supplier Unifine’s goal to expand its presence in that market this year.

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