McDonalds cedes control of China business for $2 billion
McDonald’s has announced it is selling off most of its China business in a deal worth $ 2.08 billion. Citic, a massive Chinese financial firm, is taking the majority stake … Continue Reading →
Tag: China
First Taco Bell opens in China
Yum China Holdings and Taco Bell have opened the first Taco Bell restaurant in the second largest economy in the world: China. IFT Daily News
Cargill opens innovation center in China
Cargill has opened Cargill ONE, an innovation center designed to create innovative food products and new flavors for its customers in China. IFT Daily News
AB InBev–SABMiller deal progresses with China, investor support
According to Bloomberg, China’s Ministry of Commerce has approved the $ 103 billion Anheuser-Busch InBev NV’s takeover of SABMiller Plc. IFT Daily News
DSM to expand plants in China; establish hydrocolloid innovation center
Royal DSM, a global science-based company active in health, nutrition, and materials, has announced two major plant expansions in China to boost gellan gum and pectin capacities. IFT Daily News
Ingredion expands specialty ingredients business in China
Ingredion, a provider of ingredient solutions to diversified industries, has entered into a definitive agreement with Pingyuan County Juyuan State-Owned Asset Management to acquire the state-owned Shandong Huanong Specialty Corn … Continue Reading →
China to accept U.S. pork imports once again
According to Reuters, the U.S. Dept. of Agriculture (USDA) has announced that China will soon resume imports from 14 U.S. pork plants and warehouses, after halting some shipments last year … Continue Reading →
Yum Brands to spin off China business into separate unit
Yum! Brands has announced that it intends to separate into two independent, publicly-traded companies, each with a separate strategic focus. IFT Daily News
Givaudan doubles flavor production capacity in China
Givaudan, a fragrance and flavor company, has opened its new savory flavors manufacturing facility in Nantong, China. IFT Daily News
Nestlé invests $16 million to strengthen ice cream production in China
Nestlé is strengthening its ice cream business in China with a more than $ 16 million investment in its factories in Tianjin and Guangzhou. IFT Daily News