Mason Financial Holdings Limited and nutrition company Wattle Health Australia Limited have bought an 80% stake in Australian infant formula and nutritional products manufacturer Blend and Pack Pty Ltd, for A$80m (US$60.8m).
The Asian Development Bank (ADB) has signed agreements in Hohhot, Inner Mongolia, with commercial banks to support Inner Mongolia Saikexing Breeding and Biotechnology Group (Saikexing) to expand the domestic supply of milk in China.
Bright Food, China’s second-biggest food company and one of the country’s most predatory companies in terms for its thirst for acquisitions, will move its focus from dairy, cereals and snacks firms to food distributors.
In the midst of an investigation into the pricing practices employed by it and other infant formula manufacturers in China, Biostime has admitted that the terms of its agreements with distributors “may” have broken anti-trust laws.
This year’s Beijing Olympic Games may have been good for China’s public image but the smooth running of the event was built on multiple state-prompted sacrifices and the food ingredients industry was one of the lambs that copped it in the neck for ‘the...
Leading vitamin and specialty chemicals maker DSM opened its first
research and development centre in China today, designed to help it
achieve strong sales growth from this market in the next three