Anuorn set for $7.5m fish canning plant

Thailand-based Anuorn Group will be investing $7.5 million to set up a fish canning plant and a dry ice factory in Sri Lanka.The company has announced that the project has been accepted by the International Trade Relations Ministry and when complete it plans to market more than 80 per cent of the products to Sri Lanka and the South...

Spotlight on BPA by Euro food standards agency

New scientific evidence into the effects of Bisphenol-A, the component of epoxy phenolic coatings that has been the subject of campaigns for its removal from cans, is to be investigated by the European Food Standards Agency (EFSA).EFSA is setting up a working group of international experts to evaluate the evidence on the potential effects of BPA on the immune...

Carlsberg to invest in Tuborg for success in Vietnam

Carlsberg is planning to launch its premium Tuborg beer brand in Vietnam, backed by a multi-million dollar marketing campaign. Sold in 70 countries, Tuborg is the leading international brand for the Danish-based global brewer, but it is weak in Vietnam. That is why Carlsberg is planning to spend VND450 billion (US$20.2 million) to make it the number one beer in...

Net profit slips in first quarter for PepsiCo

Although drinks to snacks giant PepsiCo reported organic sales growth of 3.5 percent and strong growth in earnings per share of 11 percent for the first quarter of 2016, its results showed a different picture.Sales slipped 3 percent to US$11.86 billion compared to the same 12 weeks in 2015, while operating profit was down 10 percent at $1.62bn. Net...

Strong first quarter for brewer Heineken

Consolidated beer volumes for the world’s third-largest brewer Heineken in the first quarter grew significantly, with the best improvement in Asia, Africa, Middle East and Eastern Europe.Global volume was up by 7.0 percent organically at 43.5 million hectolitres. Volume in the Asia Pacific region was up 23 percent to 5.8m hl, in the Americas by 8.2 percent to 13.5m...

Coke reveals new ‘One Brand’ can label designs in Mexico

New packaging graphics have been launched by Coca-Cola that tie the Coke trademark to its brand extensions. Coca-Cola, Diet Coke, Coke Zero and Coke Life cans will feature the red disc of Coca-Cola along with the drinks giant’s ‘Taste the Feeling’ global campaign theme.The new designs – part of the ‘One Brand’ strategy – were revealed in Mexico yesterday and according...

Anheuser-Busch InBev accepts offer from Asahi

Anheuser-Busch InBev, which is in the process of acquiring rival brewer SABMiller in a deal worth more than US$100bn, has accepted an offer for two leading beer brands in Europe from Asahi Group in Japan. A-B InBev had been required by European regulatory authorities to divest assets to reduce its dominance in the market.Following A-B InBev’s agreement with the South...

One chief for PepsiCo’s three NA businesses

As part of a number of managerial changes, PepsiCo has promoted Al Carey to become chief executive of its North America businesses. Already boss of North America Beverages (NAB), he will continue in that role but now also take on Quaker Foods North America and the Frito-Lay business in North America which was run by Tom Greco, who has left. Bringing...

Sugar content of Irn-Bru to be reduced

The popular Scottish soft drink Irn-Bru will contain ‘substantially’ less sugar to help minimise the financial impact on its manufacturer AG Barr when the UK government’s tax on the sweetened fizzy drinks is introduced in 2018. Although there is already a sugar-free version of Irn-Bru, AG Barr said the reformulation would reduce the impact of the tax on the company,...