CPF purchases C.P. Interfood
CHAROEN Pokphand Foods (CPF), the leading agro-industrial and food conglomerate in Thailand, has passed a resolution to purchase business operating assets of its sister concern, C.P. Interfood (Thailand) Company Limited (CPIF).
The purchase from CPIF is in connection with the manufacture and distribution of processed meat and food products, for example, sausages, bologna, ham, bacon, nuggets, burgers and ready meals.
The company says the reason for the purchase is to support its vision of becoming ‘kitchen of the world’ by expanding Thai food products into Scandinavian nations, increasing market share in the processed meat and food products, expanding processed pork products, and becoming leader in the sausage market with market share of more than 40%.
EU steps up for fund-raising
The bird flu epidemic has the European Union playing an active role in fund raising for farmers affected by the virus.
Stressing international help to curb the virus and provide compensation for the farmers who need to slaughter their poultry stocks, Malaysian and European Commission officials said funds would be sought at a donors’ conference later this year.
The Food and Agriculture Organisation (FAO) said donors have pledged just US$20 million (AUD 26.59 million) of the US$150 million (AUD 199.42 million) needed to tackle bird flu.
The EC, FAO, World Bank and the World Organization for Animal Health have planned a conference this year to raise funds for programmes like educating farmers, restructuring, vaccination and providing compensation for the farmers in the affected nations such as Indonesia, Thailand and Vietnam.
Kimchi, a staple South-Korean delicacy, has caused a stir amongst South Koreans after a study by the Seoul Research Institute of Public Health and Environment indicated kimchi imported from China has three to five times more lead than domestic kimchi.
Kimchi is a generic name for a multitude of seasonal and regional varieties of pickled or fermented vegetable side dishes flavoured with seafood and spices, and high in vitamins, minerals, and lactic acid.
The study’s findings have caused a scare amongst the South Koreans who have shunned kimchi imports from China.
Kimchi makers in China question the study, and say their products are safe and do not exceed the lead levels set by the World Health Organisation.
Danisco’s new innovation centre in Singapore
Danish food ingredients giant Danisco has set up an innovation centre in Singapore to serve all its activities in South East Asia.
The centre aims to bring product development out of Europe and North America to customers in the South East Asia and Oceania regions, and to improve the speed of response and facilitate better dialogue.
“By setting up this innovation centre in Singapore, which also includes a substantial upgrading of our existing flavour creation and analytical facilities, we’re able to develop products that are better catered to the Asian taste and palate,” Danisco senior vice president (innovation and technology) Dr. Leif Kjaergaard said.
Innovation finds way for exports by Thai farmers
Despite worldwide bans on raw poultry, Thai farmers have found a new way of doing business that has seen Thailand’s billion dollar industry bounce back, as reported in the Straits Times.
Bird flu outbreak in Thailand in 2003 left farmers broke and out of business.
After putting up stringent measures for raising birds, the Thai government hoped to declare itself free from the avian virus. However, with cases still popping up now and then, it hasn’t been able to do so, resulting in bans on raw chicken from Thailand in the main export markets of Japan and Europe.
Farmers have thus adopted new techniques of farming and have started exporting cooked chicken to the international markets.
Carlsberg eyes the China market
Danish brewer Carlsberg, the world’s fifth-largest brewer, is set to close nearly half of its breweries in Europe and target the East in an effort to optimise production.
According to the CP Press, group spokesman Jens Peter Skaarup said: “As a group, our breweries also must become more efficient across the borders. It will mean that some breweries will be closed.”
Fourteen of its 29 beer plants are said to close in the next decade.
The news comes amidst a slump in the beer market in Western Europe due to a large shift towards wine drinking.