The packaging incorporates a protein called casein, which is found in cheese and cows’ milk, and represents a substitute for standard polystyrene foam.
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.
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.
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.
Evergreen Taiwan orders 10-12 new cellular ships
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.
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.
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
China’s market for imported food products is expanding with the growth in the number of middle-income consumers, according to ChinaDaily.com.
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.
More than 40 executives from Britain’s biggest companies, including Alliance Boots, Virgin, Shell and Barclays are accompanying British ministers in the hope of leveraging high-level political backing to increase their presence in China.
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.
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.
Surging demand from the Middle East’s rapidly growing and high-income population has raised annual food imports to over $25 billion (NZD$32.3 billion), according to TradeArabia.com., quoting of an upcoming food event in Abu Dhabi.
China was ranked the seventh in the world in easing tax payments between June 2009 and May 2010, according to ChinaDaily.com, citing a report released Thursday by International Finance Corp. (IFC) and the World Bank (WB).
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.
Evergreen Taiwan orders 10-12 new cellular ships
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
Surging demand from the Middle East’s rapidly growing and high-income population has raised annual food imports to over $25 billion (NZD$32.3 billion), according to TradeArabia.com., quoting of an upcoming food event in Abu Dhabi.
