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 a series of investments totaling more than US$150 million to expand Red Bull operations in China over the next three years. The investments will further expand TCP’s presence in the Chinese market by supporting its local partnerships, establishing a new representative office, in-country team, and manufacturing centers. The company said that it will also be supporting the launch of new Red Bull products and other innovative products from TCP’s global portfolio in that market. As…

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Ajinomoto Group introduces nutrient profiling system to its products

JAPAN – Tokyo-based seasonings major, Ajinomoto has announced that it will be rolling out its nutrition improvement activities globally following the introduction on April 1, 2020 of the Ajinomoto Group Nutrient Profiling System for Products (ANPS-P). The ANPS-P is a system which the company developed as a method of scientifically assessing the nutritional value of products such as powdered soups and frozen foods. Ajinomoto said that the Nutrient Profiling System will cover approximately 500 products at nine Ajinomoto Group companies in seven countries including Japan, Thailand, Asia, Vietnam, Indonesia, Philippines,…

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Tesco agrees to sell its businesses in Thailand and Malaysia for US$10.6bn

UK – The British multinational grocer, Tesco, has entered into a conditional agreement to sell its business in Thailand and Malaysia to a combination of CP Group entities for an enterprise value of US$10.6 billion (£8.2 billion) on a cash and debt free basis. Under the deal, Tesco will sell the business to a group of CP Group; C.P. Retail Development Company Limited, Charoen Pokphand Holding, CP All Public Limited Company and C.P. Merchandising. The retailer said that the disposal will simplify the larger Tesco Group, enabling a stronger focus…

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Thailand’s CP Foods unveils plans of expanding in 17 overseas markets

THAILAND – CP Foods,an agro-industrial and food conglomerate headquartered in Thailand plans to expand in 17 overseas markets where the company is operating especially China, Vietnam, India, the Philippines, Russia, the United States. The direction is in line with the policy from Mr. Dhanin Chearavanont, Senior Chairman of Charoen Pokphand Group (CP) to create continuously business growth. According to a statement issued by the firm, the company was still able to grow continuously in 2019 despite slow economic growth in Thailand. CPF projects 8-10% growth in 2020. Sustainability ambitions The…

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Thai Union makes strategic investment in Icelandic seafood company Aegir

THAILAND – Bangkok-based seafood company, Thai Union Group has made a strategic investment in Aegir Seafood Company, one of the leading producers of cod liver in Iceland. The company said that the investment in Aegir will support the growth of the cod liver business for Thai Union’s King Oscar brand, a Norwegian-based manufacturer of cod liver, sardines and mackerel. “Aegir has built a reputation over almost 25 years for manufacturing some of the most premium cod liver in the market today,” said Thai Union CEO Thiraphong Chansiri. “The strategic investment…

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Thailand’s SCG Packaging considering US$1bn IPO on local stock exchange

THAILAND – SCG Packaging, a Thailand based packaging solutions provider to the food industry, is set to file for an initial public offering on a local bourse that could see the company raise about US$1 billion. SCG Packaging, a subsidiary of the country’s largest industrial conglomerate, Siam, intends to use the proceeds to independently strengthen the company’s funding needs as it charts out a regional expansion strategy. According to a Reuters report, the company is expected to file for an IPO in December and launch the issue in the first…

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Thai Union Group invests in alternative protein startup Flying Spark

ISRAEL – Thai Union Group PCL, one of the world’s largest seafood producers headquartered in Thailand has agreed to invest in Israeli FoodTech start-up company Flying Spark to expand the firms’ alternative meat processing capabilities. The two companies are leveraging their expertise and capabilities to develop an important entry in the alternative protein market while enabling Flysing Spark to accelerate its expansion and dedicate efforts towards cost reduction and process improvements. The Flying Spark and Thai Union agreement includes both a strategic partnership and investment to promote larval insect as…

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Evonik introduces new solution to enhance food safety in poultry sector

THAILAND – Leading chemical specialty company, Evonik has introduced a new solution that enables poultry producers to make smarter decisions to ensure animal well-being and food safety. The service product, ScreenFloX®, is a platform comprising a broad range of tests designed to help veterinarians, livestock production managers and farmers better manage their flocks and production by monitoring the microbial status of entire flocks. Evonik claims that ScreenFlox® is the only environmental screening system that non-invasively quantifies the levels of certain pathogens, including Clostridium perfringens, from an entire flock with a…

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Real Foods see growth beyond Africa, launches in Thailand and Netherlands

SOUTH AFRICA – Real Foods Group, a South African healthy, fast-casual restaurant operator, is set to expand its global footprint by rolling out franchises in Europe and Asia. The company, which houses the healthy restaurant franchise Kauai, has entered into a joint venture (JV) for Thailand and a master franchise for Asia with Dusit Thani as well as a master franchise with Vineyard Catering in the Netherlands. The Thai JV will operate under the brand Dusit Real Foods, which will oversee the opening of several fast-casual restaurants in Thailand with…

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Nestle Thailand invests US$6.6m in ‘no added sugar’ Milo beverage

THAILAND – Nestle Thailand has invested US$6.6 million in the production of a no sugar Milo beverage range to address the growing need for healthier and less sugar products among consumers. The innovation was also in response to the country’s sugar reduction policy which aims to reduce the risk of sugar-related illnesses among its population. Milo UHT No Sucrose contains no added sugar, and all energy derived from the chocolate drink will come from its milk and malt components, according to Nestle. To promote its health-enhancing benefits, the new product…

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