Confectionery and bakery technology supplier Baker Perkins has opened its first sales office in South America in order to tap into potential in the market and to be closer to its customers
General Mills sees great potential for its snacks and cereals segments outside North America as population growth in emerging markets looks set to soar.
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 a mere knowledge buyout.
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 Ingredients & Flavours has opened a new emulsifier plant in Europe, which will free up capacity at its existing Asia facility to capitalise on growth.
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.
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 to East.
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 division, according to an analyst.
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 emerging markets.
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.
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.
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 journalists.
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 at General Mills.
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 local tastes.
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.
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.
Increasing demand for western style pastries in Thailand is behind ingredients supplier Unifine’s goal to expand its presence in that market this year.
Kerry Group has strengthened its presence in Asia-Pacific region after acquiring General Mills’ Australian bakery businesses for a sum believed to be around €20m.
Ohly has officially opened a new yeast extract plant in Harbin, China, giving it an Asian production arm to complement existing plants in the US and Europe.
A new joint project between DuPont Qualicon and the US Department of Agriculture (USDA) aims to develop testing to detect hard-to-identify strains of E.coli that are not regulated and have been causing increasing instances of food contamination.
Australia's almond production is expected to rise by 25 per cent in 2010 - up from 36,500 tonnes this year to 46,100 tonnes, announced the Almond Board of Australia (ABA) during its annual trade visit to India.
Bunge has begun construction on a new grain export terminal it claims will be the first such structure to be built in North America for twenty years as part of attempts to meet strong Asian demand for its products.
Unilever’s activities in the developing and emerging markets and the US have proved key to growth in Q1, but private label presents a challenge to brands.
Food and beverage companies should look to Asia to bolster their business in times of economic crisis, while differentiating their products closer to home, according to a Frost and Sullivan analyst.
The International Rice Research Institute (IRRI) has announced a $30m collaborative project which aims to boost South Asian cereal production by five million tonnes a year.
UK ministers have agreed with a Food Standards Agency proposal on voluntary phasing out of the ‘Southampton six’ food colours by the end of 2009, according the agency’s chief executive.
Symrise has reported good sales growth in local currencies the first half of 2008 driven by flavours and emerging markets, although fragrance growth was hit by the drop-off in consumer spending on luxury goods.
Ocean Spray is continuing to push into the Asia-Pacific
bakery market with a new partnership with Taiwan-based baker
ChiaTe, the company announced yesterday.
A large number of global breakfast cereal manufacturers are failing
to take advantage of the potential for their products in markets
such as Eastern Europe and Asia, according to consumer analyst
Euromonitor.
Tate & Lyle has opened a new research and development centre in
Shanghai, China to help manufacturers develop food products that
are targeted to the preferences of Asian consumers.
Kellogg, the world's biggest breakfast cereal maker, is in talks to
buy a Chinese food company as part of its plans to boost sales in
Asia, according to a report.
A significant drive from Asian rice producers has helped boost
global paddy production in 2004 to an estimated record 611 million
tonnes. But the Food and Agriculture Organisation says that supply
is still not meeting needs, writes...
Number one dextrose producer Corn Products International will drive
operations forward in Korea, buying up the remaining slice of its
Korean business from Doosan corporation.
Set against the backdrop of difficult trading conditions for
branded food manufacturers, raw material prices and a negative
currency impact played down first half figures for ingredients
giant Danisco.
Thailand's Useful Food, one of the country's largest snack
producers, has revised its regional growth plan by focusing on
Southeast Asia rather than the whole of Asia.
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