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accc ruling over p&n acquisition puts competition first
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the australian competition and consumer commission (accc) has announced it will not oppose the proposed acquisition of p&n beverages australia by japanese brewery group asahi after competition concerns were resolved by asahi. on 9 march 2011, the accc opposed an earlier acquisition proposal, saying it would ‘remove p&n as a vigorous and effective competitor in the markets for the supply of carbonated soft drinks (csds) and cordial’. asahi then revised its proposal to acquire p&n and simultaneously divest p&n’s csd, cordial and energy drink business to tru blu beverages – a newly created company run by p&n’s current managing director, peter brooks – while retaining p&n’s bottled water and fruit juice business. “taking into account the divestiture and that it will occur simultaneously with the acquisition of p&n, the accc is satisfied that the proposed acquisition is unlikely to substantially lessen competition,” accc chairman rod sims said. the undertaking obligates asahi to divest the manufacturing facilities, production equipment, brands, personnel, intellectual property rights and other assets necessary to operate the business the csd, cordial and energy drink branch of the business. chairman of the accc, rod sims said, “this is an excellent outcome for competition in the beverage industry and highlights how businesses can use the accc’s processes to address competition concerns and reach a mutually acceptable outcome. “the csd and cordial products that are produced by p&n play an important role in providing australians with a competitive alternative to the relevant products produced by schweppes and coca-cola amatil.” -->
Source :ausfoodnews.com.au
Date :
15
August
2011
Category :
Rest
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the coca-cola company and the nature conservancy announced today the release of a water footprint report in conjunction with world water week in stockholm, sweden. the report, entitled “product water footprint assessments: practical application in corporate water stewardship,” examines three pilot studies that were conducted on coca-cola products and ingredients.a product water footprint is the total volume of freshwater consumed, directly and indirectly, to produce a product.
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beverage companies will need to move beyond their traditional categories in terms of future mergers with increasingly health focused consumers and an unprecedented level of retail pricing pressure creating serious challenges for the sector, says a rabobank report. acquiring competitors within their core segment is becoming increasingly complicated for leading beverage manufacturers due to the tighter competition regulation and existing level of consolidation within the industry.
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the coca-cola company has seen volume growth rise by a robust 4 per cent in the second quarter as beverage demand remained strong. the result was led by the key emerging markets of india and china, where volume growth came in at 33 per cent and 14 per cent, respectively. still beverages - which include juices, sports drinks, teas and water brands - outperformed sparkling beverages internationally, while the flagship coca-cola brand saw volumes climb by 3 per cent.
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taiwan has said it would intensify checks on imported products into the country after a batch of concentrate for a coca-cola product was found to contain a preservative banned in the country. two weeks ago, a batch of concentrate for coke zero, which was being exported from china to taiwan, was banned in taiwan for containing methyl para-hydroxybenzoate. consumption of methyl para-hydroxybenzoate, an antiseptic chemical, is said to lead to stomach upsets and raise female hormone levels.
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pepsico has beaten analyst expectations for first quarter profits but morning star analyst philip gorham believes that in beverages coca-cola is recovering better from the recession. quarterly net income at pepsico stood at $1.14bn - slightly above analyst estimates but down from the $1.43bn reported last year because of interest expenses linked to its bottler acquisitions. the maker of gatorade and tropicana said like-for-like beverage volumes rose 3.
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cas, the leading provider of customer management and mobility solutions to the consumer products industry, has launched the latest version of their customer management and mobility solution. cas 8 has been designed with input from many of the company’s clients, who include campbells, the coca cola company, nestle and abinbev. cas australia, based in north strathfield, sydney, are also working with many leading local consumer product companies including arnotts, lion nathan, blackmores, pernod ricard and coca cola amatil.
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