Toyota Motor Thailand (TMT) is ready to produce and sell a low-cost car locally to tap more middle-class and first-time buyers but the model is still being decided, according to the Bangkok Post.
Global pharmaceutical sales may rise between 5 and 7% next year to USD$880 billion (NZD$1.16 trillion) on soaring demand in developing nations led by China as it becomes the world's third-largest drug market, according to a Bloomberg report carried in China Daily.
China's household wealth is set to more than double to USD $35 trillion (NZD$46.3 trillion) by 2015 if the country maintains its historic growth rates, according to China Daily citing a report by Credit Suisse.
Incorporating whey protein into exercise recovery beverages could open a lucrative new market for sports drinks manufacturers, according to research commissioned by performance nutrition company Volac, according to Nutraingredients.com.
Kraft has opened a new innovation centre in Switzerland to ensure its innovations in chewing gum and sugar confectionery have regional appeal, according to ConfectioneryNews.com.
The Food and Drug Administration (FDA) has issued draft guidance on acidified and fermented foods, such as pickles, relishes and olives, to provide recommendations on manufacturing and quality control, according to FoodProductionDaily.com.
New Zealand’s Lotus Wash Systems has developed the world’s first fully-automatic sea container washing unit at the Fremantle Port operation of AWH Logistics, according to PortStrategy.com.
A World Trade Organisation (WTO) panel has ruled that a US ban on Chinese poultry is illegal – the first such reprimand for legislation brought in under the Obama Administration, according to MeatProcess.com.
Using robotics in meat processing and packaging will lead to greater hygiene, improved consistency of operation and greater productivity, according to MeatProcess.com, citing the German Institute of Food Technologies (DIL).
Asian governments’ failure to act has given shipping lines the freedom to collaborate to impose sharply higher rates. The Asian Shippers Council said its members have had to put up with ridiculous surcharges - a peak season surcharge outside the traditional peak season and emergency bunker surcharge even when bunker prices are stable.
China imported 8,017 tonnes of olive oil in 2007, up from 393 tonnes in 2001, according to the General Administration of Customs. Analysts expect imports to soon touch 10,000 tonnes a year.
In August, Zhejiang Geely Holding Group Co completed its takeover of Swedish carmaker Volvo Car Corporation. And late last month Shanghai-based Bright Food (Group) Co Ltd emerged as the frontrunner to acquire United Biscuits, the UK biscuit maker currently owned by private equity firms.
China would have invested a total of 140.5 billion yuan (NZD$28.15 billion) in its ambitious South-to-North Water Diversion (SNWD) project from 2006 to 2010, according to a China Daily report quoting the country's water diversion authority.
The US House of Representatives last week passed a bill giving the executive branch the power to impose punitive duties on exports to the US of any country whose currency is labelled “fundamentally undervalued.”
Six global freight forwarders have pleaded guilty and have accepted fines of USD$50.27 million (NZD$70.17 million) from the US Department of Justice (DOJ) for conspiring to fix air cargo fees between 2002 and 2007, according to the Shipping Gazette.
UK sales of gluten and wheat free products soared 18% to GBP108.3 million (NZD$231 million) in the year to July 11, 2010, according to FoodManufacturer.co.uk, citing data from Kantar Worldpanel.
Research In Motion (RIM) unveiled a tablet computer aimed at its core business customers, as it tries to gain a foothold in a fast-growing market dominated by Apple's iPad, according to a Reuters report carried by GulfNews.com.
A group of companies led by Philips of the Netherlands and Ericsson of Sweden are taking KLM, Martinair and Air France to court seeking damages of more than €400m ($545m) due to allege price-fixing by the airlines, according to a Financial Times report.
