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Nissin Foods Holdings

Nissin Foods Holdings has forecast a return to profit growth in its new financial year after the Japanese group saw its earnings decline in the previous 12 months.

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Japanese food giant Nissin Foods Holdings is to start manufacturing potato crisps at its China factory, aiming to use the popularity of its instant noodles range to score sales in the snacks sector.

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Nissin Foods Holdings' focus on international expansion and branding has enabled the Japan-based group to grow sales during the first nine months of its financial year but increased costs have weighed on the group's profitability. 

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Nissin Foods Holdings is working on plans to reduce the salt content of its Cup Noodles product sold in Japan to attract health-conscious consumers – but said it is too soon to say when or what the level of reduction might be.

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Nissin Foods Holdings has detailed plans to invest JPY57.5bn (US$500.5m) in the construction of a new production plant in Japan, its first new manufacturing facility in the country in twenty years. 

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Premier Foods plc today (15 November) outlined three ways in which the UK company and Japan's Nissin Foods Holdings will join forces in the coming months.

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Nissin Foods Holdings has reformulated its Cup Noodles brand in the US, reducing sodium, removing added MSG and removing artificial flavours. 

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Japanese snack maker Frente has announced plans to merge its four business units and change its name to Koike-Ya. 

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McCormick & Co. has dropped plans to make a takeover bid for Premier Foods plc, insisting the price the UK group's board wants is too high.

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Premier Foods today (6 April) revealed it has had "constructive discussions" with McCormick & Co., the US herbs and spices maker that has expressed interest in buying the UK group.

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US spice maker McCormick & Co. has returned with a higher proposed offer for Premier Foods, on the condition the Mr Kipling maker opens its books. 

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Premier Foods has turned down the latest proposed takeover offer from McCormick & Co. - but the UK group said it was prepared to meet and provide its US suitor with some due diligence.

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Nissin Foods Holdings, the Japanese noodle maker, has increased its stake in Premier Foods, the UK group that is a takeover target of US spices giant McCormick & Co.

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McCormick & Co. said today (24 March) it would consider making a higher offer for Premier Foods, the UK group that has so far rebuffed two takeover approaches, should the US spices and sauces owner be allowed to undertake some due diligence on the Bisto gravy maker.

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Premier Foods today (24 March) insisted its board would assess "improved proposals" to buy the Bisto gravy maker after rebuffing two approaches from McCormick & Co., the US spices and sauces maker, in the last month.

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Japanese food giant Nissin Foods Holdings has agreed to acquire a 17.27% stake in Premier Foods plc a day after the Mr Kipling owner revealed it has turned down two takeover approaches from US spice maker McCormick & Co. 

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McCormick & Co. today (23 March) insisted its proposal to buy Premier Foods - rebuffed by the Mr Kipling maker - "should be well received" by the UK group's investors.

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Premier Foods, the UK group behind brands like Mr Kipling and Ambrosia, has rejected takeover interest from US spices and condiments group McCormick - while announcing a "co-operation agreement" with Japan's Nissin Foods Holdings.

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Nissin Foods Holdings has reported an increase in profits and sales for the first nine months of its financial year, following product launches, as well as higher sales in the Americas and China.

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Japan's Nissin Foods Holdings Co. has severed ties with China-based noodle maker Jinmailang.

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Nissin Foods Group booked higher first-quarter sales and earnings today (7 August) but the Japanese food giant sounded a note of caution on the global outlook for the food sector.

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Spanish pasta maker Pastas Gallo and Japanese food giant Nissin Foods Group are jointly launching a brand of instant noodles, Soba, in Spain.

The takeover interest in Premier Foods was a hot topic of conversation among delegates at the Consumer Analyst Group Europe conference today (23 March) - not least because the UK group pulled out of presenting at the event this afternoon.