SIG opens new technology center in China to offer adept packaging solutions

ASIA – Packaging solutions provider, SIG has opened a new, state-of-the-art technology center to provide customers with new product concepts and market-ready packaging solutions in Asia-Pacific. Located close to its packaging plant in Suzhou in China, the facility will provide expertise in development and implementation of cutting-edge innovations in aseptic systems and solutions. The 17,500…

Walmart to launch US$104m food distribution and ecommerce center in China

ASIA – The world’s leading ecommerce and retail firm, Walmart is set to launch its first perishable food distribution centre, alongside ecommerce and delivery services in China. Set to begin operations in March, the center is valued at US$103.7m (RNB700m) and will be located in Dongguan city, Guangdong. The company is looking to boost its…

Flipkart receives US$201m capital funding from parent entity

INDIA – Flipkart India, the wholesale arm of the Walmart-owned eCommerce marketplace in India, has received US$201.27 million (Rs 1,431 crore) from its Singapore-based parent entity Flipkart Private Limited. The fund infusion by Flipkart comes as the company seeks to fight off the challenge from Amazon to keep its leadership of India’s growing $18 billion…

Chinese dairy group Yili buys Thai ice cream maker Chomthana

ASIA – Yili Group, state-owned company of dairy industry in China has acquired Chomthana, Thailand's leading ice cream and frozen foods manufacturer to expand its operations in Southeast Asia. Chomthana, which has more than 37 years of experience and exports its products to 13 foreign markets, sells a range of ice cream products, ice lollies…

PepsiCo and Coca-Cola to invest US$1.4b in Pakistan

ASIA – The world’s beverage giants are planning to invest in Pakistan with PepsiCo lining up US$1.2 billion in the next five years while Coca-Cola will further invest US$200 million in the coming two to three years, according to a statement from Prime Minister Imran Khan’s office. A report by Arab News reveals that the…

Cargill to invest US$70m in Thailand’s seafood and poultry in 2 years

ASIA – The American grain and agricultural trading corporation, Cargill has announced that it is committed to invest more than US$70 million in poultry and seafood in Thailand over the next two years. The investment aims to meet global demand and increasing consumption of the products while addressing the company’s innovation strategy. Cargill is looking…

Cargill to invest US$235m in 2 years in Philippines to grow business

ASIA – Cargill has said that it has lined up US$235 million (PHP 12.5 billion) in growing its business in the Philippines in the next 2 years. The company said this is poised to help meet increased domestic demand for chicken and pork, as well as delivering solutions in key areas of the global agricultural…

Danish fruit-drinks maker CO-RO buys majority stake in Chinese JKD

CHINA – Co-Ro Food, a leading manufacturer of fruit-based non-carbonated soft drinks based in Denmark has acquired the majority shareholding in Golden Creation Trade Co. Limited, trading as JKD for an undisclosed sum. The company said the acquisition reinforces its market position in China and is expected to generate a 30% growth rate in 2019…

ILRI calls for food safety improvement in low and middle-income countries

KENYA – The International Livestock Research Institute (ILRI), a Kenya based international agricultural research institute has called for the need of increased public investment and other policy attention on food safety in developing countries. Even though food safety is recognised as a major public health concern worldwide, developing countries are way behind in understanding or…

Malaysia to introduce tax on sugary soft drinks and juices

MALAYSIA – Malaysia is set to introduce a tax on ‘high sugar’ beverages including juices and soft drinks effective 1 April 2019 to help address the country’s levels of obesity and sugar related diseases. Finance Minister Lim Guan Eng announced that the government will introduce an excise duty of MYR 0.40 ($0.10) on beverages containing…