Coca-Cola's Changsha Plant Starts Production
Coca-Cola's new factory in Mao Zedong's hometown of Changsha, which is the company's largest factory in central China with nine planned product lines, recently started production.
COFCO
China's Cofco Announces Dutch Agricultural Giant Acquisition
China National Cereals, Oils and Foodstuffs Corporation announced that its subsidiary Cofco International Limited will acquire the remaining stake in Nidera from Cygne, and Cofco will gain the full ownership of Nidera with the closing…
China's Bright Food Formally Enters Olive Oil Market
Shanghai Yimin No.1 Foods, a subsidiary of Bright Food Group, has completed an equity settlement with Salov Group in Milan, Italy, marking its successful acquisition of a 90% stake in this Italian olive oil maker…
Danone Becomes Second Largest Shareholder Of Mengniu
China's Mengniu and France's Danone jointly announced in Hong Kong that the two parties have signed an agreement under which Mengniu will issue new shares to Danone.
France's Danone Acquires 8.3% Stake In Chinese Dairy Company
The world's leading yogurt maker Danone announced that it has agreed to acquire a 8.3% stake in the Chinese dairy company Mengniu, and it will establish a joint venture with Mengniu in China. Prominent Achiever…
Chinese Inflation Heats Cooking Oil Business As Jin Long Yu Increases Prices
Yihai Kerry, parent company of the Chinese edible oil maker Jin Long Yu, has confirmed that the company plans to formally increase the prices of some edible oil products by about 5%.
Mengniu's Chairman Resigns In China
Niu Gensheng, founder of Mengniu, has resigned his position as chairman of the board of directors.
Womai.com Partners With Ganji.com For Chinese Group Buying Internet Service
Chinese lifestyle information website Ganji.com has launched a new collective buying product, which will first cooperate with Womai.com owned by COFCO Group in providing group buying deals in Beijing.
Shanghai Joy City Now Fully Opened
The newly-built Shanghai Joy City, located on the Qufu intersection of Tibet North Road with a total construction area of 68,000 square meters, was opened last week.
COFCO Wines & Spirits Acquires Chilean Winery
Qu Zhe, president assistant of COFCO Group and chairman of COFCO Wines & Spirits, has revealed that the company has acquired Biscottes, a well-known winery in Chile, for USD18 million.