ASIA FOOD & BEVERAGES

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Aalst Chocolate, a Cargill-owned company, has recently celebrated its 20^th year anniversary since its founding with plans to grow its Asia Pacific (APAC) market via its unique ‘bean to bar’ positioning and customer-led product innovation.

Aalst Chocolate is the first Singaporean brand to produce both chocolate couvertures and compounds ...

Unilever, the renown manufacturer of Magnum, Cornetto, Wall’s and Viennetta ice cream brands, will continue to focus on China market in terms of investment and growth. President of Unilever’s ice cream business, Matt Close said, “We have a deep commitment to the Chinese ice cream market which has been growing steadily over the last ...

Asia’s largest brewer, Budweiser Brewing Company APAC, is projecting the China market for beer to continue growing in the 2nd half of 2023 despite challenges, said its CEO Jan Craps.

Craps sees strong recovery in the beer industry with premiumisation leading the trend, as premium beer drinkers are still willing to spend for that ...

US-based Tyson Foods is currently seeking a buyer for its Chinese poultry business.

The sale signifies growing worries among multinational food players that the mainland economy is on the verge of a major slowdown which could translate to lower consumption of meat products. Earlier in May, Cargill sold its poultry business in mainland China ...

Vietnam remains the biggest market for Taiwan-based monosodium glutamate (MSG) producer, Vedan despite 18.1% dip in revenue to US$82.3 million in the first half of 2023.

The decline is attributed to poor market conditions like lower demand for MSG, seasonings, and specialty chemical products.

Vedan Vietnam subsidiary was established in 1991, with its factory ...

Thai Beverage PCL (ThaiBev) is planning to delist Oishi Group from Thailand’s stock exchange after it acquired a majority stake (98.5%) in the business.

Oishi is involved in the production, sale and distribution of tea beverages and food products, as well as operate chain of Japanese restaurants in the country. Oishi Green Tea and ...

Tipco, Thailand’s leading juice drink producer drinks, has partnered with GreenYellow, in which the latter has successfully invested and installed solar power plants at Tipco’s factories with an installed capacity of 2.77 MWp.

Green Yellow is currently operating the solar power plants which will help to reduce Tipco’s carbon emission by 2,028 tons per ...

Netherland-based cultivated-meat firm, Meatable has admitted that it will not be making profit from the sale of its initial products in the market.

Daan Luining, Co-Founder and CTO of Meatable said, “We won’t be making a profit from the initial batches which we plan to sell to the Singapore and US markets.”

Established in ...

New Zealand-based dairy giant Fonterra is developing plans to cut costs by around NZ$1 billion (US$600 million) until 2030, as it needs to weather the challenging market amidst slump in global dairy prices and inflation.

The strategy includes trimming operational and manpower costs and digitisation of business.

Fonterra had also revised down the volume ...

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