This move marks its commitment to the region by utilising local sales and marketing intelligence to better assist customers and capture consumer preferences more accurately. Bell Flavors & Fragrances has stepped up its presence in Asia with the launch of new locations in Thailand and Indonesia. According to the US[Read More…]
Thailand
CP Foods signs deal with Brazilian shrimp farm
The company agreed to purchase a total of 4,666,667 newly issued ordinary shares representing 40 per cent of total capital stock of Camanor worth $17.5 million. Thailand’s Charoen Pokphand Foods (CP Foods) has inked a deal to acquire a 40 per cent stake in Camanor Produtos Marinhos, one of a[Read More…]
Dahmakan acquires Polpa to enter Thailand
Dahmakan recently received a $2.6 million round of funding earmarked for its expansion into new markets. Dahmakan, a vertically-integrated Malaysian meal delivery startup, has acquired Polpa to enter Bangkok. Dahmakan was the first Malaysian startup to participate in Y Combinator and recently received a $2.6 million round of funding earmarked for its expansion into[Read More…]
Firmenich opens discovery centre in Thailand
The facility will provide a collaborative environment where Firmenich chefs and food technologists can work together with customers to develop flavours. Firmenich has opened a new culinary discovery centre in Bangkok, Thailand, to serve as the company’s hub for Southeast Asia. The facility will provide a collaborative environment where Firmenich[Read More…]
ThaiBev Q1 profit drops 62%
The firm incurred acquisition costs of 2.35 billion baht from the four deals it completed in the quarter which sent net profits down in the first quarter. Thai spirits maker Thai Beverage has posted a first quarter net profit of 2.91 billion baht (US $ 122 million), down 62.3 percent[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…]
ThaiBev buys Myanmar’s largest distillery for US$742m
ThaiBev bought a 75% stake in Myanmar Supply Chain (MSC) and Myanmar Distillery (MDC) for US$742m. Singapore – Thai Beverage, better known as ThaiBev (Southeast Asia’s largest beverage company) now owns 75% of the Myanmar’s largest distillery. ThaiBev bought a 75% stake in Myanmar Supply Chain (MSC) and Myanmar Distillery[Read More…]
Researchers in Thailand unveil anti-cancer mango
The improved Mahachanok mango is enhanced with anti-oxidants anthocyanin and carotenoid. Researchers at Nare-suan University in Phitsanulok, northern Thailand, have developed a mango that can reduce the risk of contracting some cancers. Faculty of Agriculture, Natural Resources and Environment lecturer Asst Prof Dr Peerasak Chaiprasart explained that the improved Mahachanok[Read More…]
Thailand prepares for Save Food event
Thailand took the initiative when the National Save Food Network was established in September, 2014 by the Ministry of Agriculture and Cooperatives, the FAO, and a number of other concerned partners. Save Food, which was first held in Berlin in 2001, will be part of Pack Print International 2017, the[Read More…]
CP Foods H1 profits up despite livestock pressure
CP Foods booked a 10.5 per cent rise in revenue to THB245.59 billion. Charoen Pokphand Foods, the Thailand-based meat and seafood group, saw its earnings in the first half of the year rise despite a sharp fall in segment profits from its livestock division. The company posted profit for the[Read More…]
