Since entering the Chinese market in 1986, Valio claims to have worked with partners to drive the improvement of China’s dairy industry. Valio is expanding its operations in China with a new country head office in Shanghai and the establishment of retail and food service business units in the country.[Read More…]
China
Wintec invests 10M euros to expand Changzhou facility
Wintec approved the expansion in order to respond to the growing demand for its machinery from its expanded client base in Asia. Wintec, the Chinese business of packaging equipment manufacturer Engel, has announced that it will invest €10 million to expand the production capacity of its Changzhou manufacturing facility. The[Read More…]
Symrise invests €8M in fragrance creative centre in China
The inauguration comes as Symrise announces an investment of €83 million in a new production facility for fragrances and flavours in the city of Nantong. Symrise has inaugurated a new fragrances creative centre in Pudong, Shanghai, following an investment of around €8 million. The Germany-headquartered flavours and fragrances company has stated[Read More…]
China tariffs could help Australia gain share from US wine, nut and fruit producers
China’s tariff of up to 25 percent on U.S. agriculture could be good news for Australia’s nut, wine and fruit producers. Singapore — China’s tariff hit of up to 25 percent for U.S. agriculture could be a big gain potentially for Australia, particularly for wine and certain nut and fruit producers. China’s[Read More…]
Tyson shares drop on China’s retaliatory tariffs
Shares of the food company fell as much as 6.1 percent, the most in a single day since October 2016. Tyson Foods fell the most in roughly 17 months on Monday after China’s retaliatory tariffs on American goods targeted U.S. agriculture and food producers. Shares of the processed food company[Read More…]
Alibaba to buy remaining shares in food delivery app Ele.me
Alibaba and affiliate Ant Small & Micro Financial Services Group Co Ltd currently own approximately 43 percent of Ele.me, and the latest deal will value the startup a $9.5 billion Chinese e-commerce giant Alibaba Group Holding Ltd said that it would buy the remaining shares of Ele.me, a major platform[Read More…]
Tate & Lyle expands Shanghai Lab
Tate & Lyle claims that the expansion is part of a strategy to strengthen the brand’s position in the Asia Pacific market. Tate & Lyle has doubled the size of its food application laboratory in Shanghai, as the brand aims to advance the development of ingredients for healthy food and[Read More…]
Nutryfarm to acquire stake in First Linkage
The acquisition is part of efforts to seek potential business opportunities linked to the group’s existing areas of business. NutryFarm International Limited, an investment holding company engaged in the research, development, production, and sale of nutrition, health food, and related health products in the People’s Republic of China, is acquiring a[Read More…]
Heineken to sell its China business to CR Beer
CR Beer’s best-known brand, Snow, is the world’s largest selling beer, driven in the most part by domestic sales. Heineken is reportedly in talks to sell its Chinese business to China Resources Beer (CR Beer). It is believed that any deal would be worth more than $1 billion, with CR Beer[Read More…]
Arla Foods Ingredients develops Skyr especially for the Chinese market
Skyr is a fermented dairy product, similar to yoghurt. It is originally from Iceland, where it has been consumed for hundreds of years, but its popularity has spread worldwide recently thanks to its pleasantly mild taste, low fat levels and high protein content. Arla Foods Ingredients has developed a new[Read More…]
