Singapore-based Jardine Cycle and Carriage (JC&C) has agreed to acquire 5.53% stake in Vietnam Dairy Products Joint Stock Company (Vinamilk) for $616.6m through its subsidiary Platinum Victory. The stake has been purchased via an auction ...
Tags: Jardine Cycle, Milk
HJ Heinz has opened its new $70m infant cereal production plant in Foshan City, Guangdong Province, China, a move that will create 200 new jobs. The new plant, which is the company's largest infant cereal production plant across the ...
Tags: Infant Cereal, Agriculture
Nestlé has inaugurated a new CHF73m ($80.7m) manufacturing facility in Vyazniki, Vladimir, Russia, to produce and distribute Maggi products across the nation and other Commonwealth of Independent States (CIS) countries. With ...
Tags: Maggi Production, Nestle
US-based organic, kids nutrition firm Plum Organics has unveiled a range of organic pouch snacks for toddlers - Mighty 4. The new Mighty 4 is available in 5 food combinations, including Sweet Potato, Blueberry, Millet, Greek Yogurt; Kale, ...
Tags: Plum Organics, Pouch Snacks
The Australian Competition and Consumer Commission will oppose the proposed acquisition of Rafferty's Garden by Heinz. Heinz and Rafferty's Garden are the two largest suppliers of wet and dry infant food in Australia. A merged ...
Tags: Service
The Australian Competition and Consumer Commission (ACCC) authorities have opposed US-based food giant HJ Heinz's proposed acquisition of organic baby food producer Rafferty's Garden. This decision follows a review of the transaction for ...
Tags: Agriculture, Food, baby food
Swiss food company Nestléis set to open a$200m plant in Karawang,West Java,Indonesia,in the first quarter of 2013. The plant,which is the company's fourth facility in the country,is located on a 28.8-hectare plot in Surya Cipta ...
Tags: infant cereals, chocolate malt drinks, production capacity
Nestle's share price increased this morning (9 August) as the Kit-Kat maker booked an increase in first-half profit and reaffirmed its full-year guidance. The Swiss food giant reported an 8.9% increase in earnings of CHF5.12bn (US$5.26bn) ...
Tags: food, share price, emerging markets, price rises, cost-cutting, water