News

Contract manufacturer of breakfast cereal wanted for Korea
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Abu Dhabi fund buys stake in Brisbane port
Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds, has bought a minority stake in Australia's Port of Brisbane in a deal worth A$2.1 billion, (NZD$2.7 billion), according to the Trade Arabia.com website.
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AP Moller Maersk set for record profit of US$5 bln
A.P. Moller-Maersk issued the strongest sign yet of a turnaround in the shipping industry on Wednesday, forecasting it expects to turn a record profit of around USD$5 billion (NZD$6.4 billion) this year on surging ocean container volume and freight rates, according to the Journal of Commerce.
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China's Bright Dairy confirms 51% stake in Sinlait milk co
Shanghai-registered Bright Dairy and Food has confirmed an $82 million investment in Canterbury milk processor Synlait, which represents a 51% share, according to the NZ Herald.
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Plant Plasma for healthier live-stock
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2nd-tier China cities' growing taste for luxury goods
Luxury goods sales in China are expected to rise 23% year-on-year in 2010, business consulting firm Bain & Company was quoted saying by ChinaDaily.com.
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China's middle class seeks imported food
China's market for imported food products is expanding with the growth in the number of middle-income consumers, according to ChinaDaily.com.
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GE to invest US$2-bln in China by 2012
Multinational conglomerate General Electric (GE) will invest more than USD$2 billion (NZD$2.54 billion) through 2012 in China to set up joint ventures with Chinese companies and expand its innovative capacity in the country, according to ChinaDaily.com
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Food safety products market headed for growth
The worldwide growth in the food processing sector, fast-expanding emerging markets and increasingly strict regulatory regimes are all set to drive global demand for food safety products to US$13.6 billion (NZD$17.23 billion) by 2014, according FoodProductionDaily.com.
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New plastic material for microwave packs
Austrian company Borouge has developed a new multimodal polypropylene (PP) film material that is suitable for microwaving food as the material is temperature resistant, provides good venting and seal-peel properties, according to FoodProductionDaily.com.
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Evergreen Taiwan orders 10-12 new cellular ships
Evergreen Taiwan orders 10-12 new cellular ships
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Men's wear for the UAE
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South African Business lady looking for health food and medicines
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Demographic shifts that will drive food marketing
An ageing workforce, more men shopping for the family, and whether to cater to obesity or counter it are some of the food trends likely to affect decision-making in the food industry in 2011, according to FoodNavigator.com.
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Bacteria infects kiwifruit, exports under threat?
New Zealand’s kiwifruit industry is anxious over the recent confirmation by biosecurity experts that the bacteria - Pseudomonas syringae pv actinidiae (Psa) - has infected New Zealand vines, according to the NZ Herald.
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