Indofood

PepsiCo quits Indonesia snacks JV with PT Indofood

22 Feb 2021

PepsiCo has quit a joint venture in Asia, with the US-based food and beverages giant selling its stake to a local partner.

Indofood confirms plan to buy noodle supplier Pinehill

10 Jun 2020

Noodle giant Indofood Sukses Makmur has confirmed a plan to acquire one of its manufacturing partners in a deal worth around US$3bn.

Indofood mulls move for noodle production partner Pinehill

14 Feb 2020

Noodle giant Indofood is considering a move to buy one of its manufacturing partners, a business that produces for the Indonesian giant across a number of markets.

Indofood's palm oil unit evicted from RSPO certification scheme

1 Mar 2019

Indofood's palm-oil producing unit has been evicted from the Roundtable of Sustainable Palm Oil (RSPO) certification scheme.

Indofood quits sustainable palm oil body amid allegations of labour violations

30 Jan 2019

Indofood, one of Indonesia's largest food companies, has withdrawn from the Roundtable of Sustainable Palm Oil (RSPO) certification scheme. 

Indonesia venture between Nestle, Indofood ends

4 Oct 2018

Nestle and Indofood have ended their joint venture marketing culinary products in Indonesia.

Earnings summary - Conagra Brands sees subdued organic growth after Q3 result; Nomad Foods FY profits surge on debt repricing; Boparan Q2 sales rise despite ''tough conditions'' hitting profits; Produce Investments back in black in H1

22 Mar 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Dangote sells batch of assets to De United Foods Industries

16 Nov 2017

Nigerian food company Dangote Flour Mills has struck a deal to sell parts of its noodle business to local peer De United Foods Industries.

Infofood touts palm oil performance as profits rise

14 Aug 2017

Indonesia's Indofood has posted higher first-half sales and profits, pointing to growth from its agribusiness arm.

Indofood profits leap in 2016

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.

Indonesia's Indofood reports 4.8% sales boost

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.

Indofood sells China Minzhong stake to CEO-backed vehicle

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).

Indofood inaugurates Serbian noodle factory 

7 Sep 2016

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

"Resilient" Indofood books higher H1 sales, profits

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.

PepsiCo "engaging" with Indofood on child labour accusations

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.

Indofood posts Q1 profit rise

5 May 2016

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

Indofood sees profits fall in 2015

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.

Indonesia dairy - a challenging "dark horse"

2 Nov 2015

Indonesia's dairy market has enjoyed solid expansion in the last decade. With China's economy cooling, more attention is being paid to other markets in south-east Asia, suggesting Indonesia could become of growing interest. However, the country has seen its own economic slowdown and its dairy sector has a series of significant challenges to surmount. Dean Best reports.

Indonesia - The potential and pitfalls of the infant formula sector

27 Oct 2015

Indonesia has become one of the world's largest markets for infant formula by volume, supported by demographic trends such as a large – and young – population. However, the country's economic situation means selling prices are low. Meanwhile, poor sanitation and high poverty levels leave infant formula makers in a very precarious position, with their products linked to infant mortality. Katy Askew looks at the potential and pitfalls of selling infant formula in Indonesia.

Indonesia - the key macro issues facing FMCG firms

30 Sep 2015

Indonesia is south-east Asia's largest consumer market and is central to the growth strategy of many an international packaged food manufacturer eyeing or operating in the region. However, Indonesia's economy has slowed in recent years, hitting consumer spending, while there are concerns over issues from infrastructure to regulation. just-food gives a run-down of the issues in Indonesia strategy executives need to consider.

Indofood reduces stake in China Minzhong

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.

Briefing: 2015 preview: Asia to see slowing China, buoyant SE Asia

2 Jan 2015

The - relatively speaking - sluggishness of the Chinese economy has been a subject of debate in recent months and the country looks set to see GDP growth slow in 2015, which will only intensify competition in an already tough market. However, the prospects for India look brighter and a number of countries in south-east Asia offer opportunities. Dean Best reports.

Food industry news of the week: Bumble Bee, ConAgra, Kraft

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.

BRF, Indofood ink Indonesia JV deal

19 Dec 2014

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

Food industry news of the week: Bisco Misr, Kerry, Danone

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.

UPDATE: Danone plans investment in Indonesia following fresh dairy sale

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.

Indofood to buy Danone's Indonesian dairy arm

24 Nov 2014

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

BRICs and beyond: Competition rises in Indonesia's growing dairy sector

28 Apr 2014

Drinking milk consumption in Indonesia lags neighbouring countries in Asia. However, demographic drivers and growing consumer awareness around the functional benefits of dairy mean demand is expected to witness dynamic growth. As international and domestic players vie for position in the market competition is also growing apace. Katy Askew reports.

INDONESIA: Profits down at Indofood on higher costs

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.