Crown Holdings announced yesterday plans to build three new beverage can plants in China – the latest in a string of developments as the company expands into emerging markets around the world.
Danone has agreed to sell its stake in China Huiyuan Juice Group for significantly less than what Coca-Cola offered before its acquisition bid was blocked last year by Chinese competition authorities.
Many Chinese food companies lag behind foreign firms in ensuring food safety, partly because consumers do not trust safety certification, said experts yesterday.
China's spirits industry continues to entice some of the world's
leading beverage groups with Sweden's V&S group becoming the
latest multinational to tap the market through a new joint venture.
China, South America and Europe combined to offset disappointing
performances in North America and South Africa during brewer
SABMiller's third quarter.
SABMiller, one of the world's biggest brewers, is establishing a
major presence in China through its joint venture China Resources
Snow Breweries, which last week said it would acquire two breweries
in northern China for a combined...
China will remove the import duty on Indonesian cocoa from 1
January next year, a move likely to increase demand for the beans
from the world's third biggest producer.
China is preparing to launch a new national standard on raw milk to
prevent dairy products containing antibiotic residues from reaching
the marketplace.
Swiss liquid packaging group SIG has sold 14 new filling lines in
one go to leading Chinese dairy Yili, reflecting the speed and
scale of growth in the country's dairy sector.
Kraft Foods, the US snack and dairy firm, has agreed to remove all
genetically modified ingredients from its products in China, in a
sign anti-GM attitudes are on the increase.
Belgian brewer InBev is making further inroads in the Chinese
market, announcing this week that it has bought the remaining 30
per cent of Ningo-based brewer K.K.
Heineken has ended talks to increase its stake in the Chinese
brewer Kingway, according to a report, after a lack of progress in
discussions with its controlling shareholder GDH.
China is on its way to becoming the largest exporter of tomato
paste in the world as Xinjiang Production and Construction
Corporation (XPCC) increases its production capacity for tomato
paste to 500 million tons a year, writes Hridyesh...
As Chinese producers move in on western markets, the first response
by many established players is to protect and defend their previous
market positions. It's a doomed strategy.
The Pennsylvania Department of Agriculture (PDA) has completed its
first food trade mission to China, meeting with buyers, importers
and distributors to assess the possibility of future trade
opportunities.
Pressure on soy prices likely to continue with a new report
revealing China is expected to reduce its principal soybean
planting area, while increasing corn and rice planting in 2005.
International drinks groups have been lining up to invest in China
in recent years, but almost all of their acquisitions have been in
the beer sector where there are literally hundreds of potential
takeover targets. But China's...
Increasing affluence and changes in diet in China to open up new
opportunites for European yeast extract suppliers, but the threat
from Chinese suppliers has kicked off, writes Lindsey
Partos.
Number one natural colours firm Chr Hansen makes inroads into the
lucrative Chinese market, this week unveiling a new food colour
factory to meet a rise in local demand, and marking the first step
in a raft of investments in the region.
Growing consumer spending levels in China have helped boost sales
at two of the world's leading drinks groups. South Africa's
SABMiller and France's Rémy Cointreau both benefited from the
increasing interest in premium...
Number six global flavours player Takasago International has
established a new division in Shanghai aimed at expanding its
manufacturing and retail presence in China as well cutting costs.
China has been the dominant supplier of many herbs, spices and
ingredients to the Russian market for the last 10 years, but a
reduction in Chinese crop areas to make way for more profitable
products has given local growers from the...
Japan's Kirin Brewery has taken a 25 per cent stake in Chinese beer
manufacturer Dalian Daxue Brewery. The move is part of Kirin's aims
to expand its reach in the rapidly growing beer market there.
A slump in international sales means that Coca-Cola is set to
switch its focus to the China market in an effort to sustain
growth. The company said that with current economic growth
continuing apace, China should be its third biggest...
Rexam, the UK-based global packaging company, has reached an
agreement to acquire the 40 per cent shareholding it does not own
in the Chinese beverage can business, Rexam Beverage Can Zhao Qing,
from its joint venture partner, Hua...
Chr Hansen breaks into the lucrative Chinese market constructing
its first production facilities to provide more flexibility to
serve the burgeoning local food industry, reports Lindsey
Partos.
China's soft drink industry continues to boom, with market analysts
Canadean estimating that continued growth now means annual
production is in excess of 20 billion litres. And with retail
prices continuing to fall and expendable...
International brewery giant Anheuser-Busch is predicting double
digit returns for shareholders this year, citing strategic growth
in the booming China market as one of the main reasons.
China Resources Breweries Limited, an associate of South
African-based SABMiller and a subsidiary of China Resources
Enterprise, is set to invest $82.2 million (€68m) in the
construction of a new brewery in the city of Dongguan, in...
Over the course of the last few months the China beer market has
witnessed frenzied activity as international brewery companies race
to increase their footprint in what is now the world's second
largest market by volume. But...
Penn Biotech, a Canadian firm specialising in agro biotechnology,
says that it's Chinese subsidiary has received a request from one
of the world's largest potato processors to initially supply over
1.3 million pounds of...
Competition for European suppliers of honey has ramped up with
Brussels clearing the way to end a two year ban on food imports
from China which should pave the way for cheaper raw materials for
honey formulations.
Taylors of Harrogate, an English tea company, has done the
seemingly impossible by selling tea to China. It has packed off its
first consignment and is hoping for follow-on orders, but should
this really come as a surprise considering...
Despite claims by Brazilian authorities that exports of soybean are
about to be resumed to China, officials from China's State Grain
Administration have categorically said that trade is not about to
start again at any time in...
US food giant General Mills is to increase wholesale prices on
several categories of foods in response to rising raw materials
costs. The increase is thought to be between two to nine per cent
on selected lines.
As grain stocks are depleted across the world, China's food
producers have found sourcing the commodity an increasingly
expensive and time consuming issue, writes Simon Pitman.
However, a report from independent intelligence...
New Zealand dairy giant Fonterrra has outlined ambitions to tap in
on anticipated growth in demand for dairy imports to China.
Speaking at a conference in Auckland today CEO Andrew Ferrier said
that the country represented 'considerable...
China has reassured Argentine soy producers that it will continue
to buy its soy, after the producers started to show signs of
nervousness in reaction to trade agreements signed last week with
the Brazilian government and Brazilian...
