Danone to acquire 25% stake in Chinese infant formula firm Yashili
French dairy Danone has agreed to acquire a 25% stake in Chinese infant formula firm Yashili International for HK$4.389bn (US$565m, €450m).
Archives for October 31, 2014
Death linked to cheese recalled because of Listeria
One person has died and two have been sickened from Listeria linked to recalled cheese.
China lifts 2013 ban on Fonterra infant formula ingredients
China has lifted its ban on the import of Fonterra two infant formula ingredients, more than a year after it was implemented in the midst of the 2013 botulism scare.
Establishing domestic production should yield 50% growth by 2020
DSM to build first US polymerization plant in Augusta, Georgia
Netherlands-based Royal DSM and its DSM Engineering Plastics Americas unit have announced they will build a polymerization plant in Augusta, Georgia. Construction is scheduled to begin in the first quarter of 2015, with completion expected in mid-2016.
International Probiotics Association to relocate to US; reigning chief resigns
The International Probiotics Association (IPA) is relocating to an unconfirmed US location from Europe in November. The group will replace executive director, Ioannis Misopoulos, who will remain in Switzerland.
Dairy prices enquiry launched
An official enquiry into dairy prices has been launched by the Environment, Food and Rural Affairs (EFRA) Committee following the rapid plunge in milk prices in the past year.