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Tag "Asia"

The Food and Food Ingredients Industry of Eurasia, Middle East and North Africa Will Meet in Fi Istanbul 2016 for the Fourth Time…

The common meeting point for the developed food ingredients industry of Asia and Europe, Fi Istanbul 2016 is organized in Istanbul Convention Center on May 4th-6th. Fi Istanbul has successfully added over 500,000 persons to its portfolio and created a business volume of billions of Euros for the industry.
Bringing together Eurasia, Middle East and North […]

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Nestle Boosts Dairy Interests in Asia

Nestle is strengthening its dairy industry interests in Asia with the opening of a new UHT milk factory in Sri Lanka. The factory builds on the company’s recent investments in dairy development in China and India. It will produce ready-to-drink brands such as Milo and Nespray at Nestle’s existing manufacturing site in the Sri Lankan […]

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FrieslandCampina Strengthens its Position in Asia With $457 Million Acquisition

    FrieslandCampina Strengthens its Position in Asia With $457 Million Acquisition

Royal FrieslandCampina has purchased a controlling interest in Alaska Milk Corporation, one of the largest dairy companies in the Philippines and listed on the Philippine Stock Exchange. FrieslandCampina is paying $302 million to increase its stake from about 8.1% to 68.9% by purchasing the shares held by the Uytengsu family, the founders and controlling shareholders […]

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Mead Johnson Nutrition to Build $325 Million Manufacturing Plant

    Mead Johnson Nutrition to Build $325 Million Manufacturing Plant

US-based Mead Johnson Nutrition, one of the world’s leading baby food companies, is to build a new manufacturing and technology centre in Singapore. The project is the biggest capital expenditure in the company’s history and is needed to support future growth in its fast-growing business across the Asia region. The total project cost of $325 […]

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Nestle to Increase Production in Thailand

    Nestle to Increase Production in Thailand

Nestle will invest more than SFr98 million (Eur83 million) in Thailand to increase manufacturing of its products including coffee and ice cream. The two year investment will support the expansion of the company’s existing factories in Thailand, as well as the construction of a new Nestle Quality Assurance Centre.
 
The plans aim to meet the growing […]

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Molson Coors to Invest £35 Million in Indian Joint Venture

    Molson Coors to Invest £35 Million in Indian Joint Venture

Global brewer Molson Coors has formed a joint venture with Cobra India to brew and market Cobra beer in South Asia. Molson Coors will purchase a controlling stake in Cobra India from two existing investors and will have operational control over the new Molson Coors Cobra India.
The joint venture will be chaired by Lord Karan […]

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Cereal Partners Worldwide to Invest SFr35 Million in New Factory

    Cereal Partners Worldwide to Invest SFr35 Million in New Factory

Cereal Partners Worldwide (CPW), a joint venture between Nestle and General Mills, will invest SFr35m (Eur27m) over two years in the construction of a new breakfast cereals factory in Malaysia. The factory – due to begin production in 2012 – will make Nestle breakfast cereal brands Koko Krunch, Honey Stars, Cookie Crisp, Koko Krunch Duo […]

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Challenging Year For Carlsberg

    Challenging Year For Carlsberg

Reflecting a highly challenging year in Russia, its largest market, Carlsberg increased net revenue by 1% to DKr60.05b (Eur8.0b) and operating profit by 9% to DKr10.25b in 2010. However, revenue fell 3% organically during the year with volume down 2% and a 1% decline in price/mix. Favourable currency factors were responsible for 8% of the […]

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Lotus Bakeries to Invest Eur27m to Expand Belgian Production Capacity

Due to rising export sales of its biscuits and cakes in France, Netherlands, UK, US and Asia, Lotus Bakeries is investing Eur27m to expand production capacity at its Belgian operations over the next three years. The group’s site at Lembeke will be extended and all caramelized biscuit production will be centred there. Lotus will also […]

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Strong Showing From Heineken

    Strong Showing From Heineken

Global brewer Heineken has produced a strong first half performance but remains cautious on the development of beer consumption in Europe and the US due to continued weak consumer spending and planned austerity measures across many countries. Heineken reported a 42% jump in net profit to Eur695 million, partly due to positive exceptional items, on […]

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Aryzta Makes Strategic Investments in North America, Latin America and Asia

    Aryzta Makes Strategic Investments in North America, Latin America and Asia

International speciality bakery group Aryzta is acquiring Tim Horton’s 50% share in Maidstone Bakeries, a Canadian joint venture between Aryzta and Tim Horton, for C$475m (Eur349m). The Maidstone facility was designed, constructed and commissioned in partnership with Tim Hortons, the leading quick service restaurant (QSR) in Canada, in 2002 to 2003.
The purpose built 400, 000 […]

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Pfizer Strengthens Infant Food Manufacturing Capabilities in Asia With $100m Investment

Pfizer has invested $100m in the expansion of its Singapore Nutrition Plant, which manufactures nutritional products for infants and children. The expansion, which brings the total investment in the plant to $372m, makes it one of the largest nutritional plants worldwide.
The expansion of the plant to 91,963 sq m (the equivalent of 17 football fields) […]

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Royal FrieslandCampina to Focus on Creating Added Value

    Royal FrieslandCampina to Focus on Creating Added Value

Netherlands-based dairy multinational Royal FrieslandCampina, which operates production plants in 24 countries and markets its products in more than 100 countries, has unveiled its new strategic plans and priorities for the coming decade. Entitled route2020, the new strategy focuses on extra investment in products such as dairy, branded cheeses and infant and toddler nutrition ingredients […]

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