Attempts by “inexperienced” New Zealand-based companies to cash in on Chinese consumer demand for Kiwi infant nutrition products is putting the industry’s export reputation at risk, the Infant Nutrition Council (INC) has warned.
Tetra Pak is hoping to support “strong growth” in demand for aseptic processing and packaging solutions in the Indian sub-continent and South Asia through the opening of a new €120m ($156m) facility in Chakan, India.
Turkish consumers’ interest in health and wellness is still in its infancy but growing rapidly, and means big opportunities for manufacturers of organic dairy products – particularly those targeted to children, according to Euromonitor.
More people have been arrested for attempting to smuggle infant formula out of Hong Kong since 1 March 2013 than were detained at the border for trafficking drugs throughout the whole of last year, Hong Kong Customs has revealed.
China Modern Dairy has played down rumours of a takeover by “a third party” – assumed to be Mengniu – but has confirmed that talks are ongoing with the unnamed company in regards to the “possible disposal of certain assets.”
Chinese dairy giant Mengniu has reported a drop in both revenue and profits for 2012 – a result it has attributed to continuing consumer concern about the quality and safety of domestically-manufactured dairy products.
Swiss infant formula manufacturer, Hero, has moved to dispel concerns about the safety of its Nutradefense brand infant formula in China after authorities in Shanghai ordered retailers to pull it from shelves.
Fonterra will invest more than NZ$100m ($82.4m, €62.8m) in a new ultra-high temperature (UHT) milk and cream processing plant in New Zealand in an attempt to meet growing Asian demand for heat-treated dairy products.