Investment

San Miguel Corporation (SMC), through its subsidiary San Miguel Foods, Inc. has recently inaugurated the Magnolia Mega Farm in the municipality of Hagonoy, Davao del Sur. The mega farm is …

Japanese-based Ito En Ltd has recently confirmed its plan to establish subsidiaries in Germany, Vietnam to accelerate its expansion and move towards becoming a global tea company. At the same …

South Korea’s Lotte Chilsung Beverage Co. has successfully secured management rights of Pepsi-Cola Products Philippines Inc. with a 73.6% stake as it seeks to expand beyond its home turf. In …

Bulgarian state-owned LB Bulgaricum has disclosed plan to expand globally with countries like Malaysia, Vietnam and Pakistan identified as potential destinations for its dairy and yogurt products. The company has …

South Korea’s confectionery giant, Orion Corp. has entered into a strategic partnership with Thailand’s dairy giant, Dutch Mill Co to expand into Vietnam’s dairy market. The business relationship was initiated …

Asia’s largest sugar producer, Thai-based Mitr Phol Sugar Corp Ltd has recently acquired a 75% stake in Indonesia’s PT Kebun Tebu Mas (KTM), which operates sugar cane-based factory as part …

Singapore-based food and beverage group, Fraser & Neave (F&N), majority owned by Thai Beverage Plc, has recently announced a deal to set up a brewery in Myanmar. In May, F&N …

CellX, China’s leading cultivated meat startup company, has recently announced the completion of its first large-scale cultivated meat pilot plant called Future Food Factory X (FX) named after Fu Xi, …

Food and beverage giant, PepsiCo is making its comeback into Indonesia as it recently announced plan to build a 60,000 sq.metre snack factory in Cikarang, West Java, with an investment …

Canadian-based Agri-Neo, a leader in pasteurization of low-moisture foods, has recently announced its partnership with US-based BCFoods, a global leader in the industrial ingredient category. BCFoods plans to implement the …

Malaysia-based food tech startup, Manis Leting Sdn Bhd is planning to expand regionally for its zero sugar syrup for the HoReCa segment. The company which produces healthier alternative products without …

Malaysian palm oil firm, Kuala Lumpur Kepong Bhd is acquiring 33% stake in Boustead Plantations for RM1.146 billion (US$246 million), as it plans to eventually take over the smaller rival, …

Indonesia’s Ministry of Industry is implementing a national policy on downstreaming the domestic cocoa processing industry. The development of the downstream cocoa processing industry is directed at producing cocoa powder, …

Kerry Group plc, the global taste & nutrition company, has recently acquired 100% stake in Shanghai Greatang Orchard Food Co., Ltd. (Greatang). Greatang is headquartered in Shanghai and is the …

Major Japanese brewer, Asahi is eyeing expansion into China, particularly in top tier cities like Shanghai and Shenzhen. It sees China as a country with significant potential in both the …

Malaysia-based Guan Chong Bhd’s recently commissioned UK production facility is slated to increase its production capacity by 16% to 116,000 metric tonnes annually. This will also mark its expansion in …

US-based Cargill is opening a new 6-hectare manufacturing site for animal nutrition near Dong Nai’s Giang Dien Industrial Park. Vietnam is an important country for Cargill as it has so …

The Saudi Agriculture and Livestock Company (SALIC) has voiced its interested to invest in vegetable oil products or palm oil project in Indonesia. Based on the latest USDA statistics, Indonesia’s …

FrieslandCampina Thailand, the country’s largest dairy producer, has unveiled plan to increase its market share in the UHT milk market in Thailand to 50% within 3 years. The move comes …

PT Tirta Investama, the producer of Danone Aqua of drinking water, is open to the opportunity of investing in the Nusantara New Capital (IKN). The Corporate Communication Director of Aqua …

Singapore-based foodtech start-up, Umami Bioworks, previously known as Umami Meats, has recently received investment from  Maruha Nichiro, the world’s largest seafood company, to develop cell-cultivated seafood. Maruha Nichiro will work …