Nestle Zone Asia CEO to leave the company in new changes in the executive board

ASIA – Nestle, a Swiss transnational food and drink company, has reported that Wan Ling Martello, CEO of Zone Asia, Oceania and Sub-Saharan Africa (AOA) and a member of the Nestlé Group Executive Board, will leave Nestlé after seven successful years at the company on December 31, 2018 to explore new horizons. According to the…

Nestle launches campaign to reinforce NESCAFE brand in Thailand

ASIA – NESCAFÉ, a brand of coffee made by Nestlé, has launched “Nurture Stronger Bond” campaign, the biggest campaign of the year with US$24.55 million budget, to celebrate 45 years of its journey in Thailand. According to the company, the campaign will also reinstate the brand proposition as a connection builder, as well as reinforce…

Rabobank announces launch of 20 Start-ups to help reduce food loss in Asia

ASIA – Rabobank, a Dutch multinational banking and financial services company, has announced 20 start-ups; Food Loss Challenge Asia that focus on critical holistic solutions addressing the issue of food loss throughout the supply chain. According to Rabobank, Food Loss Challenge Asia is a competition where start-ups pitch their ideas to reduce food loss to…

Singapore opens new research centre to address global food and water safety

ASIA - Singapore has opened the International Food and Water Research Centre (IFWRC) to support food companies and other scientists with food and water safety-related projects. The IFWRC will support scientists throughout the world working in areas such as food authenticity, food fraud discovery, water contamination research, food quality enhancement and new ingredient/formulation studies. The…

China’s grain imports fall on rising prices and impact of US tariffs

ASIA - China’s sorghum imports in July declined by 62.5% to 220,000 tonnes from 588,364 tonnes a year ago, impacted by heavy tariffs imposed on shipments from the United States and rising international prices, reports Reuters. According to data from the General Administration of Customs, the imports were also below June’s 450,000 tonnes when buyers…

Ingredion announces US$60m investment of specialty food ingredients in Asia

ASIA - Ingredion Incorporated, a leading global provider of ingredient solutions, today announced US$60 million of planned investments to grow its specialty food ingredients business in Asia. According to the company, it commenced expansion of its modified and clean-label specialty starch capabilities in tapioca, waxy corn and rice early last year. The investments include a…

PepsiCo India launches new Kurkure snack variants to tap local market

ASIA - PepsiCo India’s salty snacks division has launched new variants of Twistkeen under its popular brand Kurkure to build its presence in the local space, an ET Retail report notes. Developed in line with tastes and flavours similar to popular regional snacks such as Bikaneri bhujia, Andhra’s murukku and Shahi flavoured namkeens, Twistkeen is…

Milkbasket to expand engineering team five-fold and set new R&D Centre

ASIA - Milk and grocery delivery startup Milkbasket plans to expand its engineering team fivefold to 100 in the next nine months and set up a new research and development (R&D) centre, ET Retail reports. The development will enable the Gurgaon-based firm recommend users to products that they order frequently through machine learning. The R&D…

Ant Financial secures right to become the largest shareholder in Zomato

ASIA - Zomato’s newest investor and an affiliate company of the Chinese Alibaba Group, Ant Financial has received the right to become the biggest shareholder in the restaurant search and discovery service, reports ET Retail. The agreement gives Ant Financial greater say in company operations compared to other stakeholders even as the Chinese firm seeks…

Grofers partners with local businesses for last mile delivery

ASIA - The Indian online grocery delivery service, Grofers is partnering with local entrepreneurs to help with last mile delivery with an aim to roll out over 2,000 local businesses and store owners under the programme by the end of the year. According to ET Retail, this will be followed by expansion of the services…