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SGProtein has recently announced plan to set up ASEAN’s first  large scale plant-based meat alternative contract manufacturing platform in Singapore.

SGProtein successfully raised S$4 million (US$3 million) during its recent seed round and is in the midst of setting up a facility to accelerate sustainable food production in Singapore. This large-scale production platform will drive Singapore’s position as a regional hub for plant-based food innovation and manufacturing. It is scheduled to start production later this year, offering an initial production ...

Malaysia’s frozen processed food manufacturer, Saudee Group Bhd has signed an agreement with Hong Kong-based Top Standard Corporation (TSC) to collaborate and develop products for the North Asian market.

This follows the recent appointment of TSC as distributor for the Hong ...

Fast food restaurant operator and franchisee, Yum China Holdings, Inc has acquired a 5% equity interest in Fujian Sunner Development Co., Ltd.

Established in 1983, Sunner is China's largest white- feathered chicken producer based in Fujian province. Sunner has a vertically ...

Vinamilk is planning to establish a 51:49 joint venture (JV) in Hanoi with Japanese trading house, Sojitz to process and sell beef products.

The JV is part of Vinamilk plan to diversify into the country’s growing beef market.

The JV will initially ...

Japanese food giant, Meiji Co. has unveiled plan to set up a wholly owned subsidiary in Hanoi on 1 April to ramp up sales in Vietnam for its powdered infant formula milk imported from Japan.

Meiji Food Vietnam will have a ...

It was earlier reported that San Miguel Corporation (San Miguel) has successfully developed a packaging solution that will extend the shelf life of carabao milk without the need for preservatives. This is an interesting development which will enhance carabao milk ...

Food manufacturer, Monde Nissin Corp (Monde) is heading for IPO listing in the first half of 2021 in the Philippines to raise up to Pesos 63 billion (US$1.3 billion) to support its overseas expansion in the meat alternative business.

Monde has ...

Singapore’s leading biscuit manufacturer, Khong Guan has recently announced a S$1.5 million (US$1.12 million) investment in SGProtein, a producer and seller of plant-based meat alternatives. The biscuit manufacturer has agreed to acquire a 30% stake in the company, making it ...

Earlier this year, the Huangshan Ecology and Environment Bureau had published a report that Huangshan Baiyi Beverages Co., Ltd. (Baiyi Beverages) is undertaking a major functional drink project.

This project has a total investment of Rmb 250 million (US$38.69 million) and ...

Australia’s Jatcorp is planning to launch its own range of probiotics milk powder in April, to be manufactured in its Australian Natural Milk Association factory located near Derrimut, Victoria.

Jatcorp currently owns numerous health food brands that include Neurio, Abbeyard, Moroka ...

In February, PT Indofood CBP Sukses Makmur (ICBP) has completed its acquisition of the entire stake in Fritolay Netherlands Holding B.V. (Fritolay), which is the affiliate of PepsiCo in the PT Indofood Fritolay Makmur (IFL) joint venture.

This entire purchase will ...

South Korea’s Daesang Corporation will continue to invest heavily in Indonesia as it aims to become the top 10 food firms in Indonesia within the next 9 years, and achieve an annual domestic turnover of Won 1.4 trillion (US$1.26 billion).

Daesang Corporation CEO Lim Jung-bae said, “We will continue to invest in Indonesia and strengthen our ...

Pilmico Foods Corp is increasing its investment in pig farming as part of its goal to increase the country’s hog population decimated by the African Swine Fever (ASF).

Pilmico’s initiatives include increasing sow capacity, improving biosecurity, farm zoning, and refining the ...

Coca-Cola Philippines has recently announced a further US$63 million in investments in the country this year.

Coca-Cola Philippines President and Vice President of franchise operations for Coca-Cola Far East Region (Philippines, Vietnam and Cambodia) Antonio Del Rosario said, “Despite all the ...

Orion Corp, South Korea’s producer of world-renown Choco Pie, is expanding its market into India with the recent completion of its factory in India’s state of Rajasthan.

India, being the world’s 2nd most populated country, also boasted a huge confectionery market ...

Chok Yuen Yong Industry Co, Thai-based manufacturer of tapioca starch, has diversified into health drinks to cash in on rising demand driven by the pandemic.

Through its wholly owned subsidiary, Tera Food & Beverage Co, the company recently introduced a preservative-free ...

CPRAM Co, part of the giant Charoen Pokphand Group, is pumping Bt 2.6 billion (US$84.6 million) to build a new bakery factory over a 4-acre site in Pinthong Industrial Estate, near Chon Buri province. The new plant is scheduled for opening in June 2022.

Its Managing Director Wisade Wisidwinyoo said the investment was postponed from last ...

NSL Foods Co, a bakery producer for grocery stores like supermarkets and convenience stores, is planning to diversify out of its bakery business by injecting US$11.4 million (Bt 350 million) to build a new factory for RTE meals.

Somchai Asavapiyanond, NSL ...

Malayan Flour Mills Bhd (MFM) stands to benefit from its recent association with US-based Tyson Foods, Inc.

The latter has acquired 49% stake in MFM for more than US$100 million.

This indirectly means MFM will now be able to offer a greater ...

PPB Group Bhd plans to expand its grains and agribusiness segment especially its flour milling capacity in Malaysia and other countries in the region. 

Its Managing Director Lim Soon Huat said the expansion in the core business will contribute to the profitability of PPB Group, ...

Singapore’s major food caterer, Neo Group has acquired a 51% stake in local snack manufacturer, Royale International Food Industries (Royale) for S$1.02 million (US$760,000) in cash.

The proposed acquisition is being carried out via wholly-owned subsidiary Thong Siek Global, with the ...

On 25 February, Next Gen Foods had successfully closed a US$10 million seed round, led by investors such as Temasek Holdings, K3 Ventures, the New Ventures arm of the Singapore Economic Development Board (EDB), NX Foods, FEBE Ventures and Blue ...

Unlike many other plant-based alternatives, Singapore food tech start-up, Sophie's Bionutrients is using microalgae to develop 100% sustainable alternative protein products.

It is banking on an entirely different ingredient, microalgae, a single-cell microorganisms found in fresh water and salt water. In ...

France food and beverage giant, Danone SA has announced plan to sell its stake in China Mengniu Dairy Company Limited, a major Chinese manufacturer and distributor of dairy products and ice cream.

Danone has an approximately US$1 billion stake in Mengniu, ...

NY and Singapore-based Big Idea Ventures, an alternative-protein venture fund and accelerator, is now planning to bolster its presence in Europe with backing from French dairy business Bel Group.

Its New Protein Fund is now seeking to open an accelerator in ...

Philippines-based Century Pacific Food, Inc (Century) is all set to offer its latest plant-based burger branded unMEAT, which it claims to be superior to other brands launched earlier in the plant-based meat category.

The company is planning to invest up to ...

In recent years, we have witnessed numerous innovations in the meat alternative space from the biblical nation of Israel.

One of its start-up, Redefine Meat which uses industrial 3D printing to create steaks, has successfully raised US$29 million in A-series funding ...

Kraft Heinz has recently agreed to sell its nuts business, which includes most of its Planters and Corn Nuts branded products to Hormel Foods, the US-based producer of Spam and Skippy peanut butter, for US$3.35 billion in cash.

Hormel Foods has a market value of ...

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