The joint venture will be called Arla Indofood Sukses Makmur. Arla Foods has entered into a joint venture with Indonesia’s PT Indofood CBP Sukses Makmur Tbk, with the aim of strengthening the brand’s presence in the Southeast Asian market. The dairy co-operative will acquire the majority stake in the company, owning[Read More…]
Company News
Houjicha tea catches on as alternative beverage in Japan
According to market research firm Intage, sales of hojicha beverages in 2016 totaled about 14 billion yen (S$166 million), a 30 per cent increase from 2012. Beverages, sweets and other products flavoured with hojicha, or Japanese roasted green tea, have become a common sight in stores these days. Hojicha’s mild[Read More…]
Ortus to leverage Malaysia’s leading role in wellness industry
Wellness and beauty (which includes cosmetics) in Malaysia are already billion-ringgit industries. The global wellness and beauty industries are growing at an impressive rate and Malaysian firms are capitalising on this trend by setting up bigger centres to attract customers. The two industries are known to be resistant to economic[Read More…]
GoMkt app unveils new food shopping platform
Once an offer is published, GoMkt users can then make a purchase before heading to the retailer to collect their items. Transactions are completed electronically Mobile app GoMkt has unveiled a new food shopping platform designed to match deal-seeking New Yorkers with environmentally conscious retailers offering food that could otherwise[Read More…]
Tea Forté adds spiced chai line to its portfolio
Chakra Collection will be available from January 2018 in the US with prices starting at $18 per box Artisan tea company Tea Forté will launch a range of traditional chai teas as part of its Chakra Collection. The brand said, “its blenders have added new notes to the traditional spice[Read More…]
Freedom Foods teams up with Mountain Milk
The agreement ensures Mountain Milk’s founding farmers achieve a fair and competitive farm gate price. Freedom Foods Group and Mountain Milk Co-operative have planned to work together to form a new supply arrangement for milk from north-east Victoria, benefiting the group’s Shepparton plant. Victoria’s newest dairy co-op, which was formed[Read More…]
Raisio sells its confectionery business to Valeo for 100m euros
Valeo Foods has annual sales of over €700 million and its portfolio of brands includes Jacob’s and Rowse Honey Finnish company Raisio has sold its confectionery business, which includes the Poppets and Fox’s brands, to Valeo Foods Group for €100 million. Raisio’s confectionery operations consist of six production plants in the[Read More…]
Brenntag acquires A1 Cake Mixes and Kluman and Balter
The two companies currently offer distribution services to the bakery supply chain, connecting a diverse range of ingredients German chemical distribution firm Brenntag has acquired A1 Cake Mixes and Kluman and Balter. With this acquisition, Brenntag has entered the UK’s food ingredients distribution market. The two companies currently offer distribution[Read More…]
William Jackson Food to build new bakery in Corby, UK
The new bakery will be built on a ten-acre site in Genner Road on the Willowbrook East Industrial Estate in Corby, which was purchased by the company earlier this year in February In order to further expand its bakery business, UK-based William Jackson Food Group is planning to invest £40m[Read More…]
ThaiBev seeks dominance in South East Asia
ThaiBev is seeking to increase the revenue contribution from outside Thailand to more than 50 per cent by the end of 2020. Thai Beverage (ThaiBev) has partnered a local company to buy a $4.8 billion stake in the country’s largest brewer, Vietnam Beverage. ThaiBev is doubling down on Vietnam as it seeks to[Read More…]
