Venezuela write down continues to dog PepsiCo

Last year’s write down of PepsiCo’s investments in Venezuela continue to have an impact on the global soft-drinks and snacks finances, with sales from all its operations in the second quarter to 11 June of US$15.4 billion, down 3 percent on the same period in 2015.Increases in sales of drinks and snacks in North America weren’t enough to compensate...

Ban on Coca-Cola Vietnam products lifted

Coca-Cola Vietnam has been granted permission by the Vietnam Food Administration (VFA) to resume sales of a number of drinks previously banned in the country.The 13 drinks were prohibited by the VFA under the Ministry of Health (MoH) due to ‘unqualified standards’ of production but Coca-Cola has now secured legal certification by registering food safety conditionsThe products impacted by...

Debate over salmon cannery closure in Canada

A federal committee in Ottawa has hosted a debate over the closure of the last salmon-canning plant in British Colombia (BC).
A federal committee in Ottawa has hosted a debate over the closure of the last salmon-canning plant in British Colombia (BC).The Canadian plant’s owner says that few jobs would be affected and that no policy changes are required, whilst the union representing the workers argues that new policies are needed in response to the changes.Rob Morley, vice-president of Canadian...

China to curb imported infant formula

Measures aimed at reducing China’s reliance on imported infant formula are being introduced by the China Food and Drug Administration (CFDA) in October 2016.
Measures aimed at reducing China’s reliance on imported infant formula are being introduced by the China Food and Drug Administration (CFDA) in October 2016.This follows a three-fold increase in infant formula powder imports into China since 2011, reflecting a lack of consumer confidence in domestically-produced dairy products following a major scandal three years earlier.China imported 176,000 tonnes of infant...

EU opens Anheuser-Busch InBev trade probe

The European Union has opened a formal antitrust probe into Anheuser-Busch InBev practices on the Belgian beer market, amid concerns that the brewer may be hampering imports of its beer from less expensive markets such as The Netherlands and France.The investigation has been opened by the commission off its own back, but it did state that consumers and regulators...

PepsiCo reintroduces controversial sweetener

PepsiCo has backtracked on a change of recipe for its Diet Pepsi brand with the reintroduction of aspartame, an artificial sweetener used as a sugar substitute.The change in ingredient came after a 5.2 per cent fall in sales the year previous. However, the decline has continued by a further 5.8 per cent during the past twelve months, leading the...

Lightweight two-piece tinplate aerosol cans used for starch brand

A two-piece drawn tinplate aerosol can made using new production technology developed by Ball Corporation is being commercialised for the first time by ironing starch brand Faultless Starch.US-based Faultless Starch/Bon Ami Company says it has made a breakthrough in aerosol can making with one of first commercial applications of the new G3-HD can, which is now reaching store shelves...

Monster’s super-sodas are aimed at Mountain Dew

Monster Energy is planning to launch a new range of sparkling ‘super sodas’ under the brand name Mutant.News of the launch was revealed by Monster’s chief executive Rodney Sacks at the company’s annual shareholder meeting earlier this week.Mutant is a result of collaboration between Monster and Coca-Cola, which took a 16.7 percent share worth more than $2bn in the...

Peroni celebrates 170 years with collectible cans

A series of six collectible beer cans has been launched by Peroni to celebrate the Italian brewer’s 170th anniversary. Available until October, the cans will feature label designs inspired by its packaging from the 1910s, 1930s, 1960s and 1980s.Currently owned by SABMiller, the Peroni brand will be sold, along with Grolsch, to Japan’s Asahi if the acquisition by Anheuser-Busch InBev...