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All news articles > August 2006
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31-Aug-2006
Novozymes develops product to cut noodle costs
Danish enzyme company Novozymes says a new product under development in China could reduce costs for the booming instant noodle industry.
MSG maker sees higher profits
Higher sales of the flavouring agents MSG and glutamic acid boosted first half earnings at Vedan, the Vietnamese food and feed additive maker that is looking to increase its offering to the food industry.
Coca-Cola gains control of Kerry Beverages
Coca-Cola has bought a controlling stake in Kerry Beverages, its bottling joint venture with Hong Kong conglomerate the Kerry Group, it said on Tuesday.
Yili forges ahead as Bright loses share in China's dairy sector
Chinese dairy Yili, one of the country's top two, has increased sales and profits in the first six months of the year despite rising raw material costs, reinforcing its market share in the fast-growing dairy sector.
Amcor licences oxygen defence technology for PET bottles
Australian packaging group Amcor will supply PET bottles with extra protection against oxygen, under a new deal with developer of the technology, US-based Constar.
29-Aug-2006
China accuses EU potato starch firms of dumping
European potato starch producers could face anti-dumping duties on exports to China next year, in the country's first anti-dumping measures taken to protect its agricultural sector.
Goodman Fielder beats expectations
Goodman Fielder, Australia's largest baker, posted full-year net profit of US$194.9 million, beating the US$186.5 million that it forecast in the prospectus for its $2.1 billion December float.
Coke to relabel products in new health drive
Coca-Coca Australia will relabel all of its drinks to include the number of kilojoules on the front of the package, as part of a major new marketing campaign to show the group's healthy credentials.
Olam profits up on higher volumes of coffee, cocoa
Singapore-based coffee, nuts and cocoa group Olam reported much improved profits for 2006, thanks to significantly higher volumes across all its segments as well as better product pricing.
28-Aug-2006
Danisco buys Chinese CMC producer
Danisco, the world's biggest ingredients company, will start supplying the texturising agent CMC to customers, after acquiring one of Chinas leading producers for an undisclosed sum.
24-Aug-2006
China returns US milk powder with excess nitrite
China has sent back more than 100 metric tons of American milk powder after it was found to contain potentially dangerous levels of nitrite.
Product development seen in Clover result
Australian health ingredients business Clover said sales of its omega-3 oil and powders increased 21 per cent during the year on higher demand from the supplement and infant nutrition sectors.
Thai poultry sector protests EU chicken quotas
Thai poultry farmers and processors protested outside EU offices in Bangkok this week, after the trading bloc unveiled its plans for a new quota system that will restrict imports of processed chicken.
New coffee cup lid alerts consumers to temperature
A disposable coffee-cup lid that warns consumers when the beverage is too hot to drink has been launched on the Australian market.
Amcor unveils further cost cuts in Australia
Amcor, the packaging group, will spend A$300 million restructuring its Australian cardboard box division, which has been hit by lower cost competition and softer sales from the fruit and vegetable industry.
22-Aug-2006
Australia, NZ bakers face further fortification
Bakeries in Australia and New Zealand may be required to use only iodised salt in the future, if a proposal from the countries' food regulator is approved.
China Lifestyle, Super Coffeemix set up snacks joint venture
Super Coffeemix, the Singapore-based instant coffee producer, has set up a joint venture with China Lifestyle Food & Beverages to make snacks for the fast-growing Chinese market.
Obesity rising at alarming rate in China
China has huge potential as a market for healthy foods if the government increases its attention to the mounting obesity problem, says an expert.
Tetra Pak ramps up capacity in China
Leading carton maker Tetra Pak will double capacity at its Beijing factory, it said yesterday, allowing it to meet the expected ongoing growth in China's dairy sector.
KHS to supply Chinese mass market through new deal
German filling and packaging group KHS will significantly boost its revenue in China, after acquiring a majority stake in local firm Guangdong Light Industrial Machinery Plant 2 (GLM2).
16-Aug-2006
China holds onto sugar reserves
The Chinese government has postponed the planned auction of 92,000 tons of sugar from its state reserve, after previous months' auctions led to a significant drop in spot prices.
Worms' noses hired to benefit wine industry
Scientists in Australia will harness the sensory ability of insects and worms to improve the electronic noses used by the food and beverage industry, particularly in the wine industry.
Healthy food should be cheaper, say Aussie experts
Fruit and vegetables should be subsidised to make them more affordable and help reduce the dangerously high obesity rates in Australian children, say experts.
American Dairy sees ongoing growth in 2Q
Milk and soybean powder producer American Dairy reported ongoing sales growth during the second quarter and higher margins as it started to process whey in-house at a new facility.
South Korean firm creates novel soy soup snack
Hanmi Whole Soymilk Co has launched a new soy-based soup on the South Korean market, using novel packaging to differentiate the product in the increasingly competitive soyfoods market.
15-Aug-2006
San Miguel acquisitions boost profits
San Miguel, south-east Asia's largest food and drink maker, lifted first half profits by 15 per cent, with the Australian dairy and drinks group National Foods contributing significantly to the gains.
New Clover chief sees good future in omega-3
Australian health ingredients maker Clover is almost halfway through a project to investigate new microalgae sources of the healthy omega-3 oil, and says it is hoping to find some advantages over the strains used by other producers.
Korea's wine imports surge in first half
Wine consumption in South Korea is set to reach record levels this year, as consumers learn of the grape beverage's health benefits, suggests a new report.
Klockner Pentaplast adds shrink film capacity in Thailand
Germany's Klockner Pentaplast group will expand capacity for shrink-label films and polyester production at its plant in Thailand to meet rising demand for high quality packaging in Asia.
Ireland pushes for higher meat exports to China
Ireland's food industry body, fresh from gaining market access to China's pork market, is now looking for access for beef, the country's biggest food export.
10-Aug-2006
COFCO's listed unit to take over jv Coca-Cola plants?
China National Cereals, Oil & Foodstuffs Import & Export Corp (COFCO), the country's biggest food trader, could sell the eight beverage plants it jointly owns with Coca-Cola Co to its Hong Kong-listed unit COFCO International, according to reports this week.
New Zealand launches branded beef in Korea
New Zealand's meat promotion board launched an appellation for beef sold in the important Korean market this week, in a bid to differentiate its meat from its sizeable competitors, Australia and the US.
Typhoon damages China's sugar crop
Up to 10 per cent of sugar cane in China's key sugar growing region may have been damaged by the typhoon that hit southern provinces last week.
Private equity firm 3i eyes China's food industry
Private equity group 3i will invest up to US$200 million annually in China in the coming years, with at least one deal in the food and beverage sector each year, says one of its directors.
Owens-Illinois boosts capacity at NZ glass plant
US company Owens-Illinois will spend US$47 million on a new furnace for its glass manufacturing facility in New Zealand, it said this week.
08-Aug-2006
Cargill takes control of gum venture in China
Cargill has taken full control of its xanthan gum joint venture in China, opening the way for it to take a bigger share of the competitive gums market.
Foster's exits Asian beer markets
Australian wine and beer group Foster's will exit the Asian brewing business with the US$225 million sale of its operations in Vietnam and India, it announced on Friday.
China sets grain production target
China will have to produce 500 million metric tons of grain by 2010 to meet domestic demand, even as the amount of farmland continues to shrink, said the Ministry of Agriculture last week.
Slow beverage sales hit F&N
Slow beverage sales in Malaysia have hurt third quarter profits at the Malaysian drinks and packaging group Fraser & Neave but the losses were somewhat offset by good glass sales in China.
Multinationals back drive to create cold-chain network for China
A lack of cold chain facilities is hampering food and drink multinationals from expanding into China's second-tier and third-tier cities, the sites of strong future growth, says an industry consultant.
03-Aug-2006
Vitamin K-fortified milk must carry warning
New Zealand dairy Fonterra must add a warning label to its new vitamin K-enriched milk and yoghurt to reduce the risk for people taking the blood thinning drug Warfarin, said the New Zealand food authorities yesterday.
NZ meat research aims to boost exports
New Zealand is investing in new research in meat science that is expected to add value to the country's meat sector and increase exports.
Kagome enters Chinese juice market
Japan's biggest juice maker, Kagome, has launched four pure juices in Shanghai, as it sets about creating a leading position in the country's premium juice market.
Cadbury invests in R&D to grow Asia sales
Global confectionery maker Cadbury Schweppes has opened its first R&D centre in south-east Asia, as it seeks to drive growth in emerging markets like China, Malaysia, Thailand and Indonesia.
China to clamp down on antibiotics in milk
China is preparing to launch a new national standard on raw milk to prevent dairy products containing antibiotic residues from reaching the marketplace.
01-Aug-2006
Coca-Cola Amatil takes over Palm Springs water
Lossmaking water delivery firm Palm Springs has finally succumbed to an offer from the Asia-Pacific drinks group Coca-Cola Amatil, allowing the bigger group to continue its expansion in this fast-growing market.
Uni-President fails to quell rumours about Chinese dairy
Taiwan food and drink group Uni-President is rumoured to have bought a 35 per cent stake in Beijing dairy Sanyuan food, according to yet another report to speculate on the group's interest in China's dairy sector.
Lotte confectionery buys up Chinese chocolate maker
South Korea's leading confectionery maker Lotte has bought a Shanghai-based chocolate company, as it seeks to expand in the fast-growing Chinese market.
Lower pineapple sales compound higher costs at Del Monte Pacific
Operating profit at the world's leading pineapple grower Del Monte Pacific fell by more than a third during the second quarter as rising energy, packaging and raw material prices pushed up processing costs, and inflation swelled administration expenses.
Heat treatments may harm healthy compounds in soymilk
Heat treatments used to kill harmful bacteria in soymilk may be damaging the healthy compounds found in the beverage, according to a Chinese scientist.
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