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Chinese suppliers are fast becoming key players in the global supply of food and beverage ingredients

    Chinese suppliers are fast becoming key players in the global supply of food and beverage ingredients

Visitors to Fi Europe will have the chance to meet more than 250 food and beverage leading ingredient suppliers directly from China – all under one roof. Fi Europe, confirmed to be held in Paris from 1-3 December, is a trade show dedicated to the food and beverage industry that brings together more than 25,500 […]

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Breakfast Key to Growth of Foreign Fast Food Market in China

    Breakfast Key to Growth of Foreign Fast Food Market in China

With the total amount of foreign fast food outlets in China set to break the 50,000 mark this year – up from 48,477 in 2011 and 36,037 in 2006 – and 44% of Chinese consumers saying that they plan to spend more on fast food in the coming year, the potential for the sector is […]

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Diageo Launches Chinese White Spirit Shui Jing Fang into GB Market

    Diageo Launches Chinese White Spirit Shui Jing Fang into GB Market

Diageo has launched Chinese white spirit brand, Shui Jing Fang, into the GB domestic market. Great Britain is the first European market to stock Shui Jing Fang as part of Diageo’s strategy to build it as an internationally recognised brand.
Shui Jing Fang will be distributed throughout the UK by SeeWoo, a leading specialist Oriental food […]

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Bright Food to Acquire 60% of Weetabix

    Bright Food to Acquire 60% of Weetabix

Bright Food, one of China’s largest food groups, is acquiring 60% of Weetabix Food Company from private equity firm Lion Capital for an enterprise value of £1.2 billion. The remaining 40% of the shares will continue to be held by Lion Capital and management. The transaction is subject to regulatory and government approvals in China as […]

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University College Dublin Signs MOU With Leading Chinese Dairy Producer

    University College Dublin Signs MOU With Leading Chinese Dairy Producer

University College Dublin (UCD) has signed a memorandum of understanding (MOU) with a leading Chinese dairy producer Dairy United. The MOU which will result in multi-million euro contracts for products and services, envisages the development of a China-Ireland Agricultural demonstration farm in Hohhot(Inner Mongolia), collaborative research projects, the provision of education and training services, and […]

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Tuborg Launched in China For the First Time

    Tuborg Launched in China For the First Time

Following on from last year’s global repositioning of its Carlsberg flagship brand, Carlsberg Group is now in the process of rolling out a rejuvenation programme for Tuborg, one of the top ten international premium beer brands, across many of its key markets. The Danish brewer has just launched Tuborg in China.
The redesigned Tuborg bottle comes with […]

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PepsiCo Finalises Strategic Alliance in China

    PepsiCo Finalises Strategic Alliance in China

PepsiCo has completed its a strategic beverage alliance in China with Tingyi (Cayman Islands) Holding, one of the leading food and beverage companies in China. China is projected to become the world’s largest beverage market by 2015. The alliance was approved by the shareholders of Tingyi in February and has now received regulatory approval.
As part […]

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Coca-Cola Continues Strong Investment in China

    Coca-Cola Continues Strong Investment in China

The Coca-Cola Company has opened its 42 and largest bottling plant in China. Located in Yingkou, Liaoning, the new production facility spans an area of more than 170,000 square meters (42 acres), the represents a $160 million investment in China and is part of a three-year, $4 billion investment plan announced last year that underscores […]

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Diageo Gains Regulatory Approval For £630 Million Chinese Acquisition

    Diageo Gains Regulatory Approval For £630 Million Chinese Acquisition

Diageo has received Chinese regulatory clearance to acquire the outstanding shares of Sichuan Shuijingfang Co for £630 million. ShuiJingFang is one of the largest super premium Chinese white spirits brand by volume in China. The company is listed on the Shanghai Stock Exchange.
Diageo made its first 43% investment in February 2007 and increased its shareholding […]

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Nestle Supports Dairy Development in China With New Training Institute

    Nestle Supports Dairy Development in China With New Training Institute

Nestle is helping China accelerate the development of its milk industry with the construction of a new dairy farming institute in Shuangcheng in Heilongjiang province. The institute, with its series of training farms, aims to be the country’s leading dairy training centre, offering teaching courses from national and international experts.
Dairy farm owners and workers from […]

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PepsiCo Enters Strategic Alliance in China

    PepsiCo Enters Strategic Alliance in China

PepsiCo has agreed to form a strategic alliance with Tingyi Holding, one of the major food and beverage companies in China. Tingyi’s beverage subsidiary, Tingyi-Asahi Beverages Holding (TAB), will become PepsiCo’s franchise bottler in China. TAB, whose product offerings include ready-to-drink tea, bottled water and juice beverages, is one of the leading beverage manufacturers in […]

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AB InBev Partners with GE to Achieve 2012 Energy and Water Environmental Initiatives in China

    AB InBev Partners with GE to Achieve 2012 Energy and Water Environmental Initiatives in China

Anheuser-Busch InBev, the world’s largest brewer, and energy solutions provider GE have formed a strategic alliance to jointly develop innovative manufacturing solutions to drive energy efficiency and water savings in existing and ‘greenfield’ AB InBev facilities across China. AB InBev has defined key performance indicators related to energy use, water use and CO2 emissions.
 
With clear […]

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SABMiller Expands in China

    SABMiller Expands in China

SABMiller, through its joint venture with China Resources Enterprise, has strengthened its position within the fast growing Chinese beer market. China Resources Snow Breweries has entered into an agreement with China Kweichow Moutai Distillery Co to jointly invest in Guizhou Moutai Beer and form a joint venture called China Resources Snow Breweries (Junyi). As part […]

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Coca-Cola to Invest Another $4 Billion in China

    Coca-Cola to Invest Another $4 Billion in China

The Coca-Cola Company and its Chinese bottling partners are to invest $4 billion in China over the next three years, commencing 2012. By the end of 2011, Coca-Cola and its China bottling partners (Swire Beverages and COFCO Coca-Cola Beverage) will have invested more than $3 billion in China over the last three years, bringing the […]

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Abbott to Invest $230 Million in Powdered Milk Products Factory in China

    Abbott to Invest $230 Million in Powdered Milk Products Factory in China

Abbott, the broad-based health care company, will invest $230m (Eur160m) to build a state-of-the-art nutrition manufacturing facility in Jiaxing, China. The facility represents Abbott’s largest investment in China to date and will manufacture premium powdered milk products for Chinese infants and children.
 
More than 17 million infants are born each year in China and rising incomes […]

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Nestle Expands in China

    Nestle Expands in China

Nestle has taken a 60% stake in Chinese food company Yinlu Foods Group for an undisclosed price. Family-owned Yinlu is a well established household brand in China and a significant marketer for ready-to-drink peanut milk and ready-to-eat canned rice porridge.
The deal builds on an already successful partnership between the two companies, as Yinlu is a […]

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Coca-Cola Gains Another Billion Dollar Brand

Muhtar Kent, president and chief executive of Coca-Cola.
Coca-Cola Company has added Minute Maid Pulpy to its portfolio of brands that have achieved global retail sales of more than $1b, bringing the number of its billion dollar brands to fourteen. Minute Maid Pulpy reached the $1b sales mark in only five years.
The success of Minute Maid […]

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Carlsberg Consolidates in China

    Carlsberg Consolidates in China

Carlsberg Group has strengthened its standing in the Chinese beer market by increasing its shareholding in Chongqing Brewery from 17.5% to 29.7%, thereby becoming the largest shareholder. Since 2008, Carlsberg has developed a constructive relationship with both Chongqing Brewery and its main shareholder, Chongqing Beer Group. Following the completion of the transaction, the parties will […]

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World Dairy Market – China and India Increase Imports

    World Dairy Market – China and India Increase Imports

Supply shortages are forcing China and India to raise their imports of dairy products, according to the latest Rabobank Global Dairy Outlook report. “The demand from these two giants will impact dairy processors, dairy farmers and dairy prices for the coming years,” says Tim Hunt of Rabobank Food & Agribusiness Research. Rabobank has now changed […]

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Coca-Cola Opens Three Plants in China

    Coca-Cola Opens Three Plants in China

Coca-Cola has opened three new bottling plants in China worth a combined $240m, continuing its rapid expansion in one of the world’s largest and fastest growing beverage markets. The new investments are a part of Coca-Cola’s three-year $2b accelerated investment in China and the latest phase of Coca-Cola’s long-term commitment to its business in China.
Muhtar […]

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Molson Coors Expands in China

    Molson Coors Expands in China

In line with its strategy of increasing its exposure to emerging beer markets, Molson Coors Brewing Company has completed its $40m acquisition of 51% controlling interest in a joint venture with the Hebei Si’hai Beer Company, a regional Chinese brewer.
The joint venture, Molson Coors Si’hai Brewing Company, will provide Molson Coors with a platform to […]

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Chinese Dragon Giving the EU an Upset Stomach

    Chinese Dragon Giving the EU an Upset Stomach

Businesses in the EU involved with importing or selling food and beverage products from China are walking, often blindly, into a potential legal and media storm, according to Aon, the leading risk manager and insurance broker.
While the EU has some of the strictest food safety laws in the world, and China itself has been making […]

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Northern Ireland Meat Companies Look to Growth in Global Markets

  Northern Ireland Meat Companies Look to Growth in Global Markets

Northern Ireland’s £1.5 billion meat industry must work on strategies that will reduce costs and increase its ability to exploit opportunities that will grow in Europe and other global markets over the next decade. The business opportunities and threats, including rising feed and other costs, as well as consumer trends facing the local industry, which […]

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Emerging Markets Drive Heinz

  Emerging Markets Drive Heinz

Emerging markets such as China, India, Indonesia, Latin America and Russia are expected to deliver at least 20% of Heinz’s total sales by 2013, more than double their contribution of just five years ago, according to William Johnson, chief executive of the US-based global food group.
“Emerging markets are key to unlocking future growth because their […]

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Interim Profit Surges at Arla Foods But a Challenging Autumn Ahead

  Interim Profit Surges at Arla Foods But a Challenging Autumn Ahead

Increased prices in the global market, rising foreign exchange rates as well as strict control of costs have allowed Scandinavian dairy group Arla Foods to post a hugely increased profit of DKr697m (Eur93m) on a turnover of DKr23.8b for the first half of 2010, while still increasing the ongoing payment to its co-operative owners. This […]

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Danone to Sell Stake in Chinese Juice Business For €200m

  Danone to Sell Stake in Chinese Juice Business For €200m

Danone has agreed to sell its 22.98% shareholding in China Huiyuan Juice Group, which is listed on the Hong Kong Stock Exchange, for about Eur200m to SAIF Partners, a Hong-Kong-based private equity firm. Huiyuan holds a leading position in the fruit juice market in China.
The disposal is in line with Danone’s strategy to focus the […]

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GSK to Launch Lucozade Brand in the US

  GSK to Launch Lucozade Brand in the US

UK-based global healthcare group GlaxoSmithKline is planning to launch its Lucozade energy drink in the US, which is the world’s biggest nutritional health market. The Lucozade brand, which had sales of £376 million in 2009, is currently predominantly sold in Britain and Ireland.
However, it was recently launched in the vast Chinese market, after GSK signed […]

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Heinz Continues Drive into Emerging Markets With Expansion in China

  Heinz Continues Drive into Emerging Markets With Expansion in China

HJ Heinz is acquiring Foodstar, a leading manufacturer of soy sauces and fermented bean curd in China, from Transpac Industrial Holdings, a private equity firm. The acquisition will increase Heinz’s annual sales in China to about $300m and enable the group to enter the nation’s fast-growing $2b retail soy sauce market.
The purchase price consists of […]

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