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asia

These are all the posts that have been tagged with asia.

New flavour appeals to Asian cultures

2nd February 2011 – New from Jelly Belly Candy Company, the maker of The Original Gourmet Jelly Bean since 1976, comes a bold new flavour targeted to regional tastes- mooncake. This sweet treat is inspired by the ceremonial pastry enjoyed during celebrations of Mid-Autumn Festival across Asian cultures. The product is dairy-free, gelatine-free, gluten-free and […]

Lotte Confectionery invest in Pakistan

28 October 2010 – South Korea’s Lotte Confectionery has reportedly signed an agreement to acquire a 69.45% stake in Pakistani firm KS Sulemanji Esmailji & Sons (Kolson) for 20 billion won (about $17.9 million). Established in 1942, Kolson is a leading Pakistani producer of snacks, biscuits, cereals and pasta. Saifuddin Sistanwala, CEO of Kolson says, […]

Lotus Bakeries invest in biscuit production

28 September 2010 – Belgian bakery firm Lotus Bakeries is reportedly to invest around €27 million over the next three years to boost production capacity at two of its plants. The company will expand its production and storage space of caramelised biscuits at its plant in Lembeke in reaction to a significant increase in sales […]

Perfetti van Melle to increase Indian plant capacity

27 September 2010 – Perfetti van Melle is set to increase capacity in a plant in southern India, says the company’s managing director, Sameer Suneja, in the Hindu Business Line newspaper. “Marketing efforts in the South have been paying off over the last two years and the current capacity of 17,000 tonnes would be hiked […]

Cargill Eyes Stake in Indonesia’s Sorbitol Producer Sorini

30 August 2010 – Cargill is in talks to buy a stake in Indonesia’s PT Sorini Agro Asia, the world’s second largest sorbitol producer, according to Reuters. Sorini, which is controlled by chemicals and fuel distributor PT AKR Corporindo, has production capacity of 195,000 metrics tonnes for sorbitol, 92,800 tonnes for other starch sweeteners and […]

Nestle reports strong growth

12 August 2010 – Nestlé Group has achieved an organic growth of 6.1% and an EBIT margin improvement to 15.1%, according to its latest profit report. The Food and Beverages business achieved 5.7% organic growth, which represents an acceleration over the corresponding period in 2009, particularly in Europe as well as in Asia, Oceania and Africa. […]

Hershey second quarter income falls 35%

30 July 2010 – Hershey’s second-quarter net income fell 35% because of charges for restructuring and to write down the value of a joint venture in India. However, revenue still rose as the company sold more in terms of volume on the back of raised advertising spending.  The company has left its earnings outlook for the […]

New appointments at IOI-Loders Croklaan

29 |Ju;y 2010 –  IOI-Loders Croklaan has announced two new appointments to its corporate team. On 1 September 2010, Sander Fredriks will take over the role of sales and marketing director for IOI-Loders Croklaan Asia. Fredriks has over ten years’ experience in the food industry. For the past three years he has managed the European […]

Almonds number one ingredient nut for second consecutive year

22 July 2010 –  Almonds were the leading nut used in new food products worldwide for the second year in a row, according to the 2009 Mintel Global New Products Database. The growth of new almond products from 2008 to 2009 (up 18%) outpaced both new food product introductions in general (up 15%) and new […]

Godrej Hershey to launch Indianised bars

21 July 2010 – Godrej Hershey, a joint venture between Pennsylvania-based The Hershey Company and the Godrej Group has opted for Indianised concepts to woo chocolate-lovers across the country.   The company is planning to launch an Indianised version of Hershey’s bar by November. “The consumer’s taste buds differ from US to Europe to Asia […]

Barry Callebaut reports further acceleration in volume growth

5 July 2010 – Barry Callebaut has forecast continued strength in cocoa prices, but a weak sugar market, as the company reports an acceleration in sales growth in the first nine months of fiscal year 2009/10, ended 31 May 2010. The sales volume came in at 975,044 tonnes, up 8.9%. The most significant volume increases were […]

So much for the opinions of analysts…

Ending months of speculation, Asian confectionery giant Lotte Group is set to acquire Cadbury’s old Wedel business in Poland from Kraft Foods. The sale of Poland’s oldest chocolate brand was a condition set on Kraft’s takeover of Cadbury in February and around 1,000 employees will transfer across to the new owners. That Lotte was on […]

Barry Callebaut considers Asia

Barry Callebaut expects cocoa prices to gain further this year on supply concerns in top cocoa regions in West Africa and a recovery in global demand. The Swiss-based firm says prospects of weaker output from top grower Ivory Coast have shifted some of the company’s focus to Asia. CEO Juergen Steinemann noted recently that Malaysia […]

Greenpeace targets KitKat

A new Greenpeace report has criticised Nestle for using palm oil from destroyed Indonesian rainforests and peatlands in its chocolate products, pushing already endangered orangutans to the brink of extinction and accelerating climate change. The report, Caught Red-Handed’, exposes how Nestle is sourcing palm oil from suppliers, including Sinar Mas, Indonesia’s largest producer of palm […]