Whole foods snacks manufacturer Dang Foods has received investment from Sonoma Brands, a food and beverage products incubator and venture fund. Under the terms of the deal, Sonoma Brands will take a minority stake in Dang Foods, while ...
Tags: Dang Foods, snacks
China saw plunging new loans in February, largely due to the Lunar New Year holiday and a record credit surge in January. New yuan-denominated lending in February dropped to 726.6 billion yuan ($111.96 billion), 297 billion yuan less than ...
Tags: China's New Yuan, new loans
Foreign direct investment (FDI) in the Chinese mainland continued to grow steadily in the first two months of this year despite slowing overall growth. FDI, which excludes investment in the financial sector, rose 2.7 percent year on year ...
The local NPC & CPPCC have shown their enthusiasm of putting forward their proposals about political issues when the central NPC & CPPCC were just started. The development of logistics industry has attracted great attention in NPC & CPPCC. ...
The European Commission has approved Switzerland-based meat processor Bell Food Group‘s acquisition of Austrian poultry producer Huber Group. The financial terms of the deal have not been disclosed. The acquisition was announced on 16 ...
Tags: European Commission, Bell Food Group, Huber Group, Acquisition
Orora is planning to invest $42m in additional glass bottle forming lines at its Gawler, South Australia, glass plant. In addition, Orora is assessing a potential investment of a further $10 - $15 million in an automated warehouse at ...
Tags: Orora, Glass Bottle
Wesfarmers has attributed its latest successful half-yearly results to a strategic emphasis on customer service, good value and improved product ranges in its Coles supermarkets and other retail stores. The parent company of Coles ...
Tags: Wesfarmers, Retail business
The Australian treasury has given its approval to the sale of the country's largest dairy farm Tasmanian Land Company (TLC) including Van Diemen's Land Company (VDL), to Chinese billionaire Lu Xianfeng's Australian arm Moon Lake Investments ...
Tags: VDL, Dairy Farm
Specialty ingredients provider Mantrose-Haeuser has announced plan to acquire Holton Food Products Company, to expand its presence in the bakery market. Holton Food Products Company is a US-based supplier of food stabilizer and dry egg ...
Tags: Bakery Market, dry egg
Australian agrifood company TasFoods is planning to acquire North West Tasmanian chicken producer Nichols Poultry for A$12.55m ($8.98m). Under the acquisition terms, TasFoods would purchase Nichols' poultry processing facility, 91 ...
The A2 Milk Company today posted a record net profit of NZ$10.1 million (AUD$9.34 million) for the six months ended the 31 December 2015. The dairy producer which specialises in products made from milk that contains the A2 protein only ...
Tags: Infant Formula, A2 Milk
The UK government has scrapped the proposal of levying sugar tax on food and drink products, which are believed to contain high calories and culprits for growing obesity levels in the country. The government is believed to be not in ...
Tags: High-Calorie Products, Sugar
Japanese flavours developer Takasago International Corporation has acquired US-based Centre Ingredient Technology (CIT) to expand its natural materials portfolio. The financial terms of the deal have not been disclosed. CIT is a ...
Tags: Takasago, biotechnology
General Mills will close its pastry manufacturing facility in Berwick, UK by autumn of 2016. In this regard, the company has completed collective consultation process with employee representatives and union officials in order to arrive at ...
Tags: General Mills, Pastry
Swiss dairy processing company Emmi is to purchase 60% stake in Dutch goat cheese maker Bettinehoeve in order to bolster its growth prospects in the fresh goat‘s milk and cheese segments. Following the completion of transaction, ...
Tags: goat milk products, cheeses