New global agtech leader: Syngenta AG, ADAMA, Sinochem consolidate operations
SWITZERLAND – Syngenta Group Co. has announced the official launch of Syngenta Group, a new…
China
US Trade Commission supports importation of duty-free glass packaging from China
USA – The U.S. International Trade Commission (ITC) has ruled in favour of Chinese exporters…
Lesaffre acquires majority stake in the Chinese company Biohymn Biotechnology
CHINA – Lesaffre, the French multi-national player in yeasts and fermentation, has acquired a majority…
IMCD appoints Andreas Igerl as new head of its Chinese business
CHINA – IMCD China, a subsidiary of Dutch distributor of speciality chemicals and food ingredients,…
Beyond Meat partners with Yum China to popularize meat alternatives
CHINA – Beyond Meat has partnered with Yum China Holdings, the operator of KFC, Pizza…
Symrise opens new US$55m flavorings production site in China
CHINA – German flavour and fragrance manufacturer,Symrise has opened a new production site in Nantong,…
Nestlé pumps US$103m to China, opens first plant-based food site in Asia
CHINA – Swiss food and beverage behemoth, Nestlé, has announced a series of investments in…
TCP Group plans US$150m investment to expand Red Bull operations in China
THAILAND – TCP Group, the inventors and owners of the Red Bull brand has unveiled…
Cross-border electronic auction platform proves to be profitable in Rwanda
RWANDA – Following a successful auction of Rwandan coffee on China’s e-commerce platform, organized by…
MicroGen Biotech raises US$3.8m to improve agric productivity and food safety
IRELAND – MicroGen Biotech, an agritech company based in Carlow, Ireland, has raised US$3.8 million…
Bühler and Premier Tech expand partnership for bulk packaging globally
SWITZERLAND – Grain and food processing solutions provider, Bühler Group and Canadian packaging company, Premier…
Luckin Coffee announces senior management changes after accounting scandal
CHINA – Luckin Coffee, a China-based coffee retail chain has announced changes to its Board of…
The Covid-19 pandemic dents AB InBev’s performance as revenue declines 5.8%
BELGIUM – AB InBev has reported a 5.8% slide in revenue and a 13.7% decline…
IFCO opens reusable food packaging production facility in China
CHINA – IFCO Systems, the German provider of Reusable Plastic Containers (RPCs) for fresh food,…
Arla Foods Ingredients launches clean-label ambient yogurt concept
CHINA – Arla Foods Ingredients, the food ingredients business of Danish dairy giant, Arla Foods…
KFC to test plant-based chicken nuggets at select stores in China
CHINA – The Kentucky Fried Chicken (KFC) China, operated by Yum China Holdings, is piloting…
Starbucks partners with Sequoia Capital China to invest in tech companies
CHINA – Starbucks has announced a strategic partnership with leading investment firm, Sequoia Capital China…
Nestlé launches customizable superfood drinks solution nesQino
SWITZERLAND – Nestlé has launched nesQino, a smart and simple solution that the company says…
Nestlé reports first qurter sales decrease by 6.2% to US$21.35 billion
SWITZERLAND – Nestlé has reported 6.2% decrease in total sales for the first quarter of…
Chinese brewing giant Tsingtao Brewery taps Nutanix to drive innovation
CHINA – Tsingtao Brewery, China’s second-largest brewer has partnered with Nutanix to help streamline its…
Yum China acquires controlling stake in Chinese casual dining franchise business
CHINA – Yum China Holdings, the KFC, Pizza Hut and Taco Bell operator in mainland…
Xiangtai Food to acquire controlling stake in Chinese feed solutions provider
CHINA- China Xiangtai Food, an emerging growth company primarily engaged in pork processing in China,…
PepsiCo to hire 6, 000 new employees and provide US$11m to COVID-19 affected communities
USA – Amidst the novel coronavirus (COVID-19) pandemic, PepsiCo has reinforced its strategies to ensure…
Sequoia Capital acquires stake in Chinese dairy company Junlebao for US$171m
CHINA – Sequoia Capital China, a Beijing-based investment management firm, has invested 1.2 billion yuan…