Breaking News on Food and Beverage in Asia Pacific |
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A joint venture project to build a 500,000-tone soybean vegetable protein has got under way in Xinxiang City, Henan province. The venture includes three Chinese companies and is thought to be one of the largest of its kind in the country.
Trade patterns are changing in South Korea. Until recently capital goods and raw materials have totally dominated the market, but if a recent exhibit for imported goods at the Seoul Convention and Exhibition Center is anything to go by, foreign food and beverage companies from all over the world are now targeting the market, reports Simon Pitman.
Tesco, Britain's leading food retailer, has this week reaffirmed its intention of becoming a major player in the Asian supermarket sector with the announcement of another acquisition there. But the deal came not, as expected, in China, but in Japan, suggesting a change of short term strategy by the company, writes Chris Jones.
Latvian fruit and vegetable processing company Pure Food says that it has reached an agreement with a major Chinese shopping chain to supply its products there.
The Philippines-based San Miguel Corporation has announced a regional expansion programme in an effort to increase its market share outside of the saturated domestic market it now clearly dominates. In the next six months the food, beverage and packaging giant is planning to focus its expansion programme on Asia's emerging markets, said company CEO Eduardo Cojuangco.
In the first of a weekly series, we look at some of the latest food and beverage product launches from across Asia contained in the Mintel's Global New Product Database.
Food manufacturers are under pressure to be able to trace every product at every stage of the supply chain. Equipment supplier Mettler Toledo explains the role of weighing and measuring technology in helping firms to meet stringent regulations, and achieve production efficiencies at the same time, writes Anthony Fletcher.
Leading producers of baby food in China are continuing efforts to reassure consumers as the scandal over fake baby food that is said to have killed dozens of babies continues to unfold, reports Simon Pitman and Danny Vincent.
Japan's number one producer of instant noodles says it has reached the initial stages of an agreement to form an alliance with the Hebei Hualong Food Group, a major Chinese food processer.
Leading Philippines food and beverage company San Miguel has announced plans to open a soft drinks factory in the Shunde district of Guandong Province, southern China.
Having announced strong half-yearly results, Malaysian Palm Oil producer Golden Hope says that it will be looking to markets such as China to exploit its growing oleochemicals division in an effort to increase its presence in the growing international market for palm oil.
One of China's leading producers of milk powder and soybean products, American Dairy, has got off to a strong start following its formation in May 2003 and subsequent acquisition of Beibei Foodstuff in November.
China's growing band of beer brewers is claiming that rising costs of ingredients coupled with rising production costs is likely to put between 10 and 20 per cent on the price of a beer during the course of this month, a factor that is likely to have far-reaching implications for the industry.
The Asian poultry industry continues to send out contradictory messages in the wake of the bird flu outbreak. Whilst Thailand looks set to restock its poultry flocks - a move which some industry observers believe could be premature - country's such as Vietnam and South Korea are continuing to send out more cautious messages, write Simon Pitman and Anthony Fletcher.
A recent report from the Lund University in Sweden on the ongoing invasion of the golden apple snail in southeast Asia claims that it is now having a devastating ecological effect, something that will continue to seriously farming of the Asian staple - Rice.
Vietnam Dairy Products (Vinamilk) has been given approval by Vietnamese authorities to merge with Saigonmilk. Vietnam Dairy Products already holds a 20 per cent stake in the company which manufactures both soy and milk products.
Thailand Pepsi bottler Serm Suk is said to be in talks to buy a larger share in the Yeo operations, one of Asia's leading brands in the all-important soybean milk sector.
A British Pig Executive (BPEX) delegation is visiting Beijing at the end of the month to encourage British exports to China, the world's biggest market for pork.
China has recently relaxed the rules obliging foreign retail groups to take a local partner, a move expected to lead to rapid growth in the number of international food and beverage retailers doing business there. But despite Chinese consumers' eagerness to try out new retail formats, making a success of the business there is not simply a matter of rolling out western-style outlets.
To counteract China's alleged abuse of patent protection the US government is proposing legislation that would mean greater tariffs on a variety of Chinese products including food and beverage items.
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