Dominating the news headlines twice in one week is not something done often by dairy majors anywhere in the world, never mind Southeast Asia. But Chinese dairy giants have now signaled their intent to set up a major presence in a region ranked the world’s...
Fonterra CEO Theo Spierings says that 'rapid growth' of around 50% forecast for dairy products in Indonesia means that the firm plans to build a new blending and packing plant in the country to help it respond more swiftly to market needs.
Vietnam looks set to become one of Asia's primary cocoa producers,
with the government pledging to invest 40 billion
dong (€1.8m) in the country's burgeoning cocoa trade, according to
local news reports.
Indonesian instant noodle producer Indofood Sukses Makmur has
delayed the construction of a milk plant in East Java, worth $36
million, because the company claims it wants to focus on its core
noodle manufacturing business.