The company will take over the Innopak operations and continue to manufacture at both sites. Australian packaging giant Detmold Group has reached an agreement with US-based Novolex to buy Heshan Innopak Co. Ltd. The transaction is expected to be completed by the end of August. Heshan Innopak is a subsidiary[Read More…]
China
Sanyuan and Fosun to acquire St- Hubert management
The proposed acquisition introduces healthy and innovative foods into China and is aligned with the government’s policy to support and drive technological innovation. Beijing Sanyuan Foods Co. and Fosun Group have agreed to jointly acquire Brassica TopCo and PPN Management, the controlling shareholders of St- Hubert. The healthy food company,[Read More…]
Ecolab plans to expand food business
The company is planning to set up a production base in northern China, but no specific city has yet been shortlisted. Shanghai-based Ecolab China is planning to expand its food safety business from southern China to the northern part of the country as consumption gets upgraded nationwide, presenting new opportunities.[Read More…]
Chinese researchers develop engineered rice
The resulting purple endosperm rice holds potential for decreasing the risk of certain cancers, cardiovascular disease, diabetes, and other chronic disorders. Researchers in China have developed a genetic engineering approach capable of delivering many genes at once and used it to make rice endosperm, seed tissue that provides nutrients to[Read More…]
Antioxidant boost by Tibetan Kefir grains
Measures to identify and develop the antioxidant abilities of probiotics would continue to be thoroughly investigated. The probiotic strain L. plantarum MA2 from traditional Tibetan kefir grains has significant antioxidant properties, in addition to its previously reported cholesterol lowering credentials. Researchers from Tianjin University in China drew this conclusion after[Read More…]
Yum China ranked as top restaurant business in China by CCA
Yum China ranked as top restaurant business in China by CCA Yum China Holdings, Inc. was recently recognized as the top restaurant operator on the 100 Leading China Restaurant Businesses List published by the China Cuisine Association. The list was announced at the 2017 China Restaurant and Catering Industry Development[Read More…]
Cargill launches oilseed plant in northern China
The plant covers 21,000 sq m in the Bohai New Development Area, which is the largest national economic development zone along China’s east coast. Cargill, New Hope Group and Hebei Bohai Investment Group have launched a US$100 million oilseeds processing plant in Huanghua, Cangzhou in Hebei Province, and has an[Read More…]
Yum China buys majority stake in Daojia
Terms of the deal to buy the majority stake in the holding company of DAOJIA.com.cn were not disclosed, though details will be finalised by the close of May. Yum China Holdings has purchased a controlling stake in Daojia, a food delivery firm, in a bid to improve the restaurateur’s outgoing[Read More…]
Nestlé China unveils milk powder with benefits
The product was launched during the 13th China Nutrition Science Congress held by the Chinese Nutrition Society in Beijing. Nestlé has added a new milk powder with cognitive benefits for adult consumers in China, as part of its Yiyang brand. The ‘senior milk powder’ is specifically designed to help people[Read More…]
