Oatly expands presence in Asia with launch of new oat milk facility in Singapore

SINGAPORE – Swedish alternative dairy company Oatly has partnered with Asian food and beverage company Yeo Hiap Seng Limited (Yeo’s) to open a new oat milk facility in Singapore.  The facility, which started operations in July, is located at Yeo’s Senoko Way site in Singapore and is Oatly’s first production venture outside Europe and North America.   The site will produce Oatly’s oat milk for the Asian market and will support the brand’s growth in the region.   “Despite ongoing Covid-19 restrictions, we are thrilled that the production facility opened in July. Oatly is grateful…

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Niall FitzGerald to Chair Olam Food Ingredients’ Board of Directors

SINGAPORE – Olam International Limited has appointed Niall FitzGerald as the Chair of the Board of Directors for its operating group, Olam Food Ingredients (“OFI”), effective 9 September 2021.   OFI was created in early 2020 following the announcement of the re-organization of Olam to unlock and maximize its long-term value.   FitzGerald’s appointment comes as OFI seeks a primary listing on the premium segment of the London Stock Exchange, and a concurrent secondary listing in Singapore in H1 2022.   Niall FitzGerald commented: “It is an honour to be invited by the Olam…

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Tolaram eyes Asia’s alternative protein market after success with noodles in Africa

SINGAPORE – Singapore-based multinational conglomerate Tolaram is eyeing Asia’s lucrative alternative proteins market after achieving success in Africa with its instant noodle brand Indomie.  Tolaram New Business Development Manager Avinash Aswani revealed in an interview with Food Navigator that the company had plans to start off its base in Singapore which already has a thriving food innovation ecosystem.  “[The alternative protein space] is developing rapidly in Singapore thanks to strong government support so there are many related companies based here,” said Aswani.   “[The first move we have made here] is…

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Zomato continues portfolio cleanup post-IPO, shuts down UK, Singapore businesses

INDIA – Indian multinational restaurant aggregator and food delivery company Zomato has closed two of its overseas subsidiaries – Zomato UK Limited (ZUK) in the UK and Zomato Media Private Limited (ZMPL) in Singapore – according to a stock exchange filing the company seen by ET retail.  As part of its “cleaning-up” exercise, the food delivery firm has been shutting international subsidiaries that don’t contribute to its business since it was listed on Indian exchanges in July.  The company said in the filing that its UK and Singapore subsidiaries were not material…

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Louis Dreyfus to build coffee facility in Vietnam as Cargill eyes greater share of Asia-Pacific’s chocolate market

VIETNMAN – Agricultural commodity trading giant Louis Dreyfus Company (LDC) is expanding its presence in Vietnam through a new joint venture agreement with Poland-headquartered private label coffee company Instanta. Through the venture, the two companies are planning to build and operate a freeze-dried instant coffee plant in Binh Duong province, Vietnam. The joint venture will operate under the name ILD Coffee Vietnam, with construction expected to start in thefirst half of 2022 LDC says the joint venture presents another step in its strategy to pursue greater vertical integration and revenue…

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Tolaram enters alternative protein category with investment in faux chicken producer Shandi

SINGAPORE – Singapore-based food processing giant Tolaram has made its first foray into the lucrative alternative protein market by leading a US$700,000 second-seed funding round for food-tech startup Shandi.   According to a report by Business Times, Shandi will use the new investment to set up a manufacturing facility in Singapore to commercialise and scale the start-up’s proprietary plant-based chicken products  The investment will also help the Singapore-based startup to further product innovation and development on new textures, formats, and other meat analogues.  Founded in 2019, Shandi aims to launch its range of…

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Olam to list food ingredients unit in London after first half profit jump

SINGAPORE – Agricultural commodity trading company Olam has picked London for the initial public offering of its multibillion-pound food ingredients business, as it looks to tap growing investor interest in healthy eating and nutrition.  The listing of Olam Food Ingredients (OFI) is part of a business overhaul flagged last year, under which it created two new core operating businesses: OFI and Olam Global Agri (OGA).  Reuters, citing people privy to the matter, said that the company is considering raising about 2 billion pounds (US$2.8 billion) from the IPO, funds which will…

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Alternative protein university course launched in Singapore to drive innovation in plant-based proteins

SINGAPORE – Nanyang Technological University, Singapore (NTU)—one of the top universities in Asia—has approved a new undergraduate course titled “Future Foods – Introduction to Advanced Meat Alternatives,” to help drive innovation in plant-based foods.   The course which will be launched in August this year was created in collobaration with the Good Food Institute Asia Pacific (GFI APAC), a global nonprofit headquartered in Washington DC that works to accelerate alternative protein innovation.  According to a statement from GFI APAC, the course aims to equip NTU students with expertise and knowledge of the food industry focusing…

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Firmenich opens R&D hub in Singapore to meet demand for plant-based foods in Asia

SINGAPORE – Singapore’s thriving alternative protein ecosystem has attracted yet another food and ingredients company seeking to have a share of the rapidly expanding plant-based food sector in Asia. The latest company is Flavour and fragrance company Firmenich which has opened a new SmartProteins innovation hub to meet the rising demand for plant-based proteins in Asia. The research and development (R&D) hub will join a rising number of such research hubs including the recently opened Givaudan, Buhler joint Protein innovation center and ADM’s Biopolis research hub. Known as the Culinary…

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Givaudan, Bühler open new innovation center in Singapore to support agile plant-based product development

SINGAPORE – The APAC Protein Innovation Centre in Singapore has been officialy opened by Givaudan and Bühler and is expected to play a major role in accelerating plant-based product development on a global scale.  Located at the Givaudan Woodlands site in Singapore, the Protein Innovation Centre is a first of its kind establishment leveraging the expertise of both companies to accelerate development of high quality plant-based proteins. The facility will also be connected to a vast network of R&D innovation centers in Switzerland and key hubs across the region further…

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