Indofood

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BRICs and beyond: Indonesia's growing dairy sector

Drinking milk consumption in Indonesia lags neighbouring countries in Asia. However, demographic drivers and growing consumer awareness arou...

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Dean Best | 24 Mar 2017

Indofood, the Indonesia-based food group, today (24 March) booked a jump in annual profits, helped by one-off factors but also underlying growth.


John Shepherd | 28 Oct 2016

Indonesia-based food group Indofood has booked a 4.8% increase in net sales for the nine months to 30 September to IDR49.9trn (US$3,8bn) compared to IDR47.5trn in the same period a year ago.


John Shepherd | 7 Sep 2016

Indofood is to sell its 82.88% stake in Singapore-listed vegetable processor China Minzhong Food Corp. to Marvellous Glory Holdings – an investment vehicle indirectly owned by the Indonesia-based food group's president Anthoni Salim – for SGD651.9m (US$484.1m).


Katy Askew | 7 Sep 2016

Indofood has opened an instant noodle factory in the Serbian town of Indjija, 80 kilometres from the country's capital, Belgrade. 


Dean Best | 19 Aug 2016

Indofood, the Indonesia-based food group, today (19 August) reported rising half-year sales and profits, shrugging off the impact El Nino has had on its palm oil production.


Katy Askew | 20 Jun 2016

PepsiCo insisted it has "engaged" with Indofood over allegations the US group's Indonesian partner breaches workers rights through practices including the use of child labour on its palm oil plantations.


Hannah Abdulla | 5 May 2016

First-quarter profits at Indonesian agri-food business Indofood have risen on the back of higher sales.


Hannah Abdulla | 29 Mar 2016

Higher finance costs and the impact of foreign exchange weighed on the bottom line of Indonesian agri-food business Indofood in 2015.


Katy Askew | 19 Jan 2015

Indonesian food giant Indofood is to cut its stake in China Minzhong Food through a sale of an investment vehicle backed by the vegetable processor's senior management.


Dean Best | 22 Dec 2014

Days before Christmas came one of the more notable deals of recent months with Thai seafood giant Thai Union Frozen swooping for US group Bumble Bee Foods. In the US, ConAgra Foods wrote down the value of its own-label arm and Kraft Foods Group announced a new CEO. Elsewhere, Australian retailer Coles admitted payments it demanded from suppliers broke competition law and we interviewed the CEO of Groupe Doux, the French poultry group getting itself back on a firmer footing a year after emerging from administration.


Dean Best | 19 Dec 2014

Brazilian food group BRF and Indonesia food company Indofood are set to work together in the Asian market.


Dean Best | 1 Dec 2014

The bidding for Egyptian snacks group Bisco Misr intensified, there was speculation over Kerry Group's frozen ready-meal business and Danone sold its dairy business in Indonesia.


Katy Askew | 24 Nov 2014

Danone plans to invest in expanding its remaining businesses in Indonesia following the sale of its fresh dairy unit to Indofood, the French group has told just-food.


Katy Askew | 24 Nov 2014

Indofood struck a deal to acquire 100% of Danone Dairy Indonesia (DDI) through its local dairy subsidiary Indolakto.


Dean Best | 30 Oct 2013

Profits at Indonesian food group Indofood Sukses Makmur fell almost a quarter in the first nine months of the year as higher costs offset better sales.


Harjit Abbi | 5 Sep 2013

Noodle maker Indofood has said its bid to 100% of Chinese vegetable processor China Minzhong has become "unconditional" after it secured over half the business.


Michelle Russell | 2 Sep 2013

Chinese fresh vegetable food processor China Minzhong Food Corp (CMFC) has received a takeover bid from its largest shareholder Indofood CBP Sukses Makmur.


Michelle Russell | 27 Aug 2013

Indonesian noodle maker Indofood CBP Sukses Makmur saw its operating earnings fall in the first half of the year, hurt by "challenges" in the agribusiness sector.


Michelle Russell | 30 Apr 2013

Indonesian noodle maker Indofood CBP Sukses Makmur has recorded a decline in first-quarter profit as earnings were hit by a weak performance in its agribusiness unit.


Michelle Russell | 4 Mar 2013

Indonesian noodle maker Indofood CBP Sukses Makmur has increased its stake in Chinese fresh vegetable food processor China Minzhong Food Corp (CMFC).

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