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F&N posts higher 9-month pre-tax profit  
Fraser & Neave Holdings Bhd (F&N) has registered 9-month group pre-tax profit of RM$141.73 million (US$38.5 million), an improvement of 5.2% year-on-year despite flat sales due to weak consumer sentiment for soft drinks.
Group revenue for the 9 months ended 30 June 2006 amounted to RM$1,453,852 million (US$382.59 million), almost unchanged from ...
 
Dongwon Group acquires Haitai Dairy  
Dongwon Group, one of South Korea's mid-size business groups has acquired Haitai Dairy Co., a dairy product manufacturer.
The group did not reveal the takeover price, but industry sources estimated the deal to be around Won 40 billion (US$41.4 million).
In July last year, Dongwon Enterprise Co., the holding company of Dongwon ...
 
Hey-Song taps beverage contract manufacturing  
Seeing the shrinkage in the domestic lactic-acid beverage market, Hey-Song Corporation, one of Taiwan’s leading producers of soft drinks, is adjusting operating strategy to tap the beverage contract manufacturing.
T.J. Chang, president of Hey-Song, noted that only the large-sized manufacturers will survive in the domestic beverage industry, which is poised for growing ...
 
Olam stands to gain from buying Kraft coffee unit in Colombia  
Singapore’s Olam International Ltd may gain after agreeing to buy the coffee processing facilities of Kraft Foods International unit, Taloca & Compania Ltd in Colombia for an undisclosed amount.
Taloca has a processing capacity of 21,000 tonnes of green coffee per year. At full capacity, its facility can generate revenue of US$52 ...
 
Oishi slows down production due to poor consumer sentiment  
Oishi Group Plc, the leader in Thailand bottled green tea market, will slow its production to 40 to 50% of capacity this quarter due mainly to dampened consumer spending.
Managing director Tan Passakornnatee said the cut in output will follow the downward trend of its product sales. Last quarter, the company was ...
 
Takara Shuzo to withdraw from soft drink business  
Takara Holdings Inc. has announced that its subsidiary, Takara Shuzo Co. will withdraw from soft-drink operations at the end of December.
Takara Shuzo has scored a number of hit products including its Surioroshi Apple, a fruit-pulp beverage that it started marketing in 1993. Nevertheless, as a result of growing health consciousness among ...
 
China’s largest juice producer seeks approval for HK listing  
Beijing Huiyuan Juice Holdings, the top producer of fruit juices in China, is seeking approval for an initial share sale on the Hong Kong Stock Exchange to raise HK$2 billion (US$260 million) some time in the 4th quarter of 2006.
Huiyuan is planning to schedule its offering for November at the earliest. Huiyuan ...
 
COFCO considers selling its stake in 8 beverage plants  
China National Cereals, Oil & Foodstuffs Import & Export Corp (COFCO), the country's largest food trader, is considering selling its stake in 8 beverage plants jointly owned with Coca Cola Co to its Hong Kong-listed unit COFCO International.
COFCO International said in a statement that it is exploring a possible corporate reorganisation ...
 
Swire Beverages to Fully Control Xiamen Swire Coca Cola  
Swire Beverages, a subsidiary of the renowned Hong Kong public company Swire Pacific, has recently signed an acquisition contract with Fujian-based Xiamen Lvquan, to buy the latter's full beverage industrial chain, as well as its 49% stake in Xiamen-based Swire Coca Cola Beverages, for Rmb 450 million (US$56.25 million), which will make ...
 
                 
  
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