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.
Some New Zealand infant formula manufacturers and brand-owners could be temporarily blocked from exporting to China if they are unable to meet the requirements of a new register by May 1.
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.
Chinese authorities have closed a Shanghai dairy involved in the 2008 melamine scandal and arrested three of its executives after finding more milk powder tainted with the toxic chemical.
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...
Kraft Foods, the US snack and dairy firm, has agreed to remove all
genetically modified ingredients from its products in China, in a
sign anti-GM attitudes are on the increase.
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
years.
As Chinese producers move in on western markets, the first response
by many established players is to protect and defend their previous
market positions. It's a doomed strategy.
French dairy giant Danone has received approval from the Chinese
authorities to more than double its existing stake in China's
biggest dairy company, Tom Armitage reports.
Tetra Pak, the European packaging giant, has inaugurated a new
liquid food packaging plant in Beijing this week, the latest step
in its bid to profit from the rising Chinese interest in dairy
products.
New Dragon Asia has acquired the assets of a flour manufacturing
facility valued at $1.33 million, located in Penglai City of
Shandong Province within the People's Republic of China, which aims
to further expand the company's...
