Blog: Western Australia, China strengthen ties via food industry
Hannah Abdulla | 9 June 2014
Western Australia is strengthening its ties to China via the food industry.
According to a report carried by Australian publication the West Australian, a Chinese company is in the process of building a US$42m flour mill near Perth to make noodles for children. No details were disclosed about the company involved.
Last week regional development minister Terry Redman met with potential and private government investors to discuss Western Australia's agrifood trade relationship with China.
"Chinese government policy is actively encouraging investors to source high-quality products from around the world and there are a growing number of opportunities for Western Australian producers, ranging from wheat processing and noodle manufacturing to live export of beef cattle," he said in a statement.
Many other countries are increasing their presence in China and last month, New Zealand dairy firm Synlait said it was "confident" of receiving the green light from China to export finished infant formula into the country. The construction of its dry blending and consumer packaging facility is expected to be completed next month.
UK pork processor Cranswick also announced it was targeting China and Hong Kong with a launch of more premium products. Similarly Smithfield Foods - owned by China's WH Group - said it would build four meat processing plants in the country.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Interview: "Disruptive" snack brand Hippeas
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Nestle organic growth slows but beats expectations
- Dairy dampens Danone in Q1
- Icelandic to sell Saucy Fish Co. owner Seachill
- Ice cream helps Unilever sales, food flat