Chinese’s premium baijiu brand Rong Tai He Moutai (RTH) Maotaijiu is planning to expand into Japan, South Korea, ASEAN and the US with its high-end spirit this year.
Nestle (Malaysia) Berhad will be investing over RM100mn (US$24mn) to establish the world’s largest Milo Manufacturing Centre of Excellence, but it will also lead to Milo production at one existing site halting.
Foreseeing that hojicha will become one of the most popular tea varieties, Canadian start-up Hōjicha Co is devoting its resources to sell only hojicha products.
China’s biggest beverage manufacturer Wahaha intends to enter car manufacturing and has has set up a new subsidiary - the Zhejiang Deqing Haha Technology Innovation Centre Co. Ltd.
San Miguel Food and Beverage (SMFB) will plough resources into building new company-owned production facilities in the Philippines in an effort to tramp-up production and help boost exports.
