Rural and semi-urban segments currently account for 60% of the juice market in India and have been growing faster than metros, according to data from US-headquartered PepsiCo, which sells Pepsi, 7UP and Mountain Dew. Singapore- Rural and semi-urban segments currently account for 60% of the juice market in India and[Read More…]
Suppliers
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…]
Transcontinental acquires Coveris Americas for $1.32B
This acquisition strengthens Transcontinental’s position in the flexible packaging market. Canada-based Transcontinental has acquired flexible packaging company Coveris’ Americas division for $1.32 billion. Coveris Americas produces a variety of flexible plastic packaging solutions and paper products such as bags and pouches, shrink films and labels from 21 manufacturing facilities worldwide.[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…]
McDonald’s lags behind Domino’s in India as ordering biz booms
A pickup in the economy and growing demand from the planet’s largest youth population are boosting fast-food sales in India. Singapore – Even as McDonald’s tries to woo Indian stomachs with such menu items as the McAloo Tikki, a legal dispute with a key franchisee partner, Connaught has put it[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…]
Ajinomoto to focus on MSG safety in India
The Indian subsidiary of Japan-headquartered company currently imports aji-no-moto from its Thailand factory which mainly serves to the South East Asian countries. Ajinomoto Co. Inc. is planning to tap social and digital media to create awareness about safe consumption of its popular monosodium glutamate (MSG) seasoning product aji-no-moto in India,[Read More…]
Frutarom opens new colour formulation facility in Slovenia
The new formulation hub will serve 15,000 of Frutarom’s customers in Europe. Frutarom has opened a natural colour formulations centre at its Etol plant in Celje, Slovenia, following a €5 million investment in equipment and technology for the new facility. The new formulation hub will serve 15,000 of Frutarom’s customers[Read More…]
Local favorite opens new outlet in Singapore
Arnold’s began operations in Singapore in 1984, and was the first fast-food restaurant that was certified halal. Singapore – Local fast-food chain Arnold’s Fried Chicken has opened its first outlet in the west. With the new 100-seat outlet at The Frontier Community Club in Jurong West, the chain now has a total[Read More…]
