Nestlé XiaoAI is the first attempt that Nestle has carried out in conversational interface, which combines smart speaker technology with nutrition and health knowledge. Global food and beverage leader Nestlé has partnered with China’s online retail leader JD to launch China’s first AI family nutrition smart speaker. The device –[Read More…]
Company News
After-harvest fruit processing centre to be established by Pagoda and AgroFresh in China
Both companies have agreed to invest in the project and jointly research a solution that will address the difficulties of processing fruit after harvest In order to establish an after-harvest processing centre for fruit in China, Chinese fruit retail chain Pagoda has signed a cooperative agreement with US-based AgroFresh. Both[Read More…]
Cargill to focus more on its food business
Cargill has been streamlining its business to focus on higher-margin operations such as food ingredients and the fish feeding business. Global commodities trader Cargill Inc. has agreed to sell its U.S. metals business to Japan’s Metal One Corp, its latest move to boost its focus on higher-margin food and agricultural[Read More…]
Palsgaard opens new centre in Shanghai
The new bakery also includes facilities for producing cake gels based on Palsgaard’s emulsifiers and allows manufacturers to test the effect of their cake gels on site. Emulsifier producer Palsgaard announces the launch of a new application center in China. Palsgaard’s brand new Shanghai center includes a fully-equipped bakery where[Read More…]
China FDA approves use of HMB in food products
China is a key market for TSI’s global muscle health growth strategy. China’s Food and Drug Administration (CFDA) has granted ingredient supplier TSI Group (Missoula, MT) an exclusive license to produce the ingredient beta-hydroxy-beta-methylbutyrate (HMB) for use in food products in China. The company is the first and only one[Read More…]
Researchers in Taiwan suggest benefits of Lycopene
The causes of BPH are mainly associated with genetic inheritance, but men who eat foods high in animal fats also have higher risk of developing the condition. Medical research suggests that eating foods that contain lycopene, commonly found in red fruits and vegetables, can improve benign prostatic hyperplasia (BPH), a[Read More…]
Nestlé USA to acquire plant-based food manufacturer Sweet Earth
With this acquisition, Nestlé USA will foray into the plant-based foods segment. Nestlé USA is acquiring plant-based foods manufacturer Sweet Earth. With this acquisition, Nestlé USA will foray into the plant-based foods segment, which is expected to become a $5bn market by 2020. Nestlé USA chairman and CEO Paul Grimwood[Read More…]
52% stake in Italy-based ingredient maker Geovita acquired by Ebro
Founded in 1986, Vegetalia has been engaged in the production and distribution of a broad range of organic food products Spain-based Ebro Foods has acquired a 52% stake in Italian ingredient manufacturer Geovita Functional Ingredients and its subsidiary Geovita Nutrition (together Geovita) for €16.5m. Ebro Foods claimed that the deal[Read More…]
Cofco forms partnership with Growmark for grain supply
The grain supply partnership is the latest expansion move by CIL. China’s state-owned COFCO International Ltd (CIL) and U.S. farm cooperative Growmark Inc will partner in a deal that gives China more direct access to the food it imports. The grain supply partnership is the latest expansion move by CIL[Read More…]
Magners owner C&C acquires Admiral Taverns
The move, taken alongside investment company Proprium Capital Partners provides further evidence of the strong appetite for dealmaking in the pub sector Magners owner C&C has acquired Admiral Taverns alongside a US investment fund. The Irish drinks giant, which also owns Bulmers cider and Scottish beer brand Tennent’s, is investing[Read More…]
