China Food

The founder of Nongfu mountain spring is the richest person in the food industry. Danone will not retreat. Three squirrels will cut the SKU in half, JDE Peet’s will expand the production of coffee capsules, and Naixue’s tea will introduce bubble water


Hot company information and announcement

 

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Today, Hurun Research Institute released the “Hurun 100 rich list” in 2020. The threshold for listing is still 2 billion yuan. The deadline for calculating the wealth of entrepreneurs on the list is August 28, 2020. Among them, Zhong fan, who was listed for the first time, ranked third with wealth of 365 billion yuan. Pang Kang and Zhang Yong and Shu Ping, the founders of Haidilao, ranked 11th with a fortune of 195 billion yuan. The Zong Qinghou family of Wahaha ranked 36th with 105 billion yuan.

 

“BrandZ Gamma Maotai ranked third in the list of “top 100 most valuable Chinese brands in 2020”

 

According to Kaidu’s recent news, WPP and Kaidu jointly released “brandz” in 2020 Gamma Top 100 most valuable Chinese brands. Among them, the food, beverage and alcohol enterprises on the list were Maotai (3), Yili (24), Wuliangye (26), Mengniu (31), Shuanghui (45), Yanghe (60), Guojiao 1573 (64), Luzhou Laojiao (65), Xuehua beer (73), Qingdao beer (81), gujinggong liquor (87), Harbin beer (88) and Xinghua Village (94).

Danone CEO denies withdrawing existing business categories

According to yesterday’s news, in an interview, Danone CEO fan Yimou denied that the company would withdraw existing business categories. He said it took Danone more than 10 years to form its three major categories, and there was an obvious “adhesive force” between them. He also pointed out that the standards of business to be examined by companies are either smaller, need to double the size of the local market, or others will be better hosts for them. Small brands that were popular five years ago have become less important, he says.

Coca Cola’s tab soda will stop production (China Economic Weekly)

 

Coca Cola announced on the 16th local time that it would eliminate tab and other “underperforming products” by the end of this year, China Economic Weekly reported yesterday, citing Fox News. Tab is the first sugar free soda launched by Coca Cola in 1963, which uses saccharin as an alternative sweetener. It is understood that in recent years, Coca Cola has been slowly reducing the production of tab. In 2017, tab accounted for less than 0.03% of Coca Cola’s sales. Coca Cola had previously said it planned to cut more than half of its 500 brands, and had planned to “streamline” its beverage product line before the outbreak, and the new outbreak accelerated the pace of reduction.

JDE Peet’s to invest 110 million euro to expand coffee capsule capacity (company news)

 

Today, JDE Peet’s announced plans to invest 110 million euros (now about 866 million yuan) in its global supply network to install a new high-speed aluminum coffee capsule production line, increasing its coffee capsule production capacity by 60%. It is understood that the new production line will be installed in phases over the next 18 months, with the new line in Andr é zieux, France, put into operation in the first half of 2021.

Two related supporting projects of China Resources Snow Beer signed and settled in Huaiyuan (Investment Promotion Center of Huaiyuan County)

On October 18, Huaiyuan County Government signed agreements with Shanghai Baosteel Packaging Co., Ltd. and Changzhou Minsu Electronic Technology Co., Ltd. to cooperate in the construction of intelligent aluminum two-piece can production base project and intelligent display terminal core components and complete machine manufacturing project. At the signing ceremony, China Resources snowflake beer Co., Ltd. signed a contract on two projects, i.e. annual output of 1.1 billion cans, construction of 8 intelligent display terminal core components and complete machine manufacturing project production line.

 

Founder of panda fast food calls Yunnan “American panda fast food” a Shanzhai store (Beijing business daily)

According to Beijing Business Daily yesterday, recent news about the opening of Panda Express in Yunnan is not true. The store is not set up by panda group, and panda group has never authorized any domestic enterprises or individuals to carry out franchise business. Cheng Zhengchang, founder and co CEO of panda group, said that all the “American panda fast food” on the Chinese market at present is fake, and the “Panda” trademark used is embezzlement or forgery. Meanwhile, the U.S. Panda Group has not authorized any Chinese department or individual to join in any form in the name of “American Panda”, including patented dishes and products developed and registered by “American Panda”.

 

Reduce the SKU by half for the first time

Three squirrels will cut 300 SKUs by the end of this year, the Beijing Business Daily reported yesterday. The sales volume of the three squirrels is not up to expectations and the input-output ratio is not high. At the same time, the three squirrels plan to transform from the full category brand to the “dried nuts + selected snacks” brand in the future. This is the first time that three squirrels have halved their SKU, the report said.

 

Three squirrels: plan to build three squirrel alliance factory with several suppliers for 2 billion yuan (company announcement)

Yesterday, three squirrels issued an announcement on the signing of the investment agreement and foreign investment by the subsidiary company. According to the announcement, East China supply chain, a wholly-owned subsidiary of the company, signed an investment agreement with Anhui Wuwei Economic Development Zone Management Committee, in which East China supply chain and several supplier enterprises set up a number of enterprises in Wuwei City and jointly reached cooperation intention on the legal operation of the proposed “three squirrel Alliance factory”. The total investment of the project is 2.06 billion yuan, which will be carried out in two phases. The total investment in the first phase is about 1 billion yuan, of which the supply chain investment in East China is expected to be no more than 100 million yuan.

Alibaba invests $3.6 billion in Gaoxin retail


The Alibaba Group Holding Ltd announced on Monday that the company will invest 3 billion 600 million US dollars (about 24 billion 100 million yuan) to get the controlling stake of Gao Xin retail in Chinese mainland’s largest integrated store operator. Hongkong based Gao Xin retailer operates 486 stores in Chinese mainland as Auchan brand and RT-Mart.

Nestle drinking water expands readyrefresh delivery business (Foodbev) through acquisition

 

Nestle North American drinking water has acquired some assets of Palomar mountain premium spring water to strengthen its readyrefresh business in Southern California, foreign media reported yesterday. Readyrefresh is a delivery service that, in addition to coffee and tea products, also provides consumers, small businesses and large businesses with orders for distilled water and soda brands. The newly announced acquisition will expand readyrefresh’s operations in places such as San Diego County, the company said. The transaction was completed on October 16, 2020 and the financial terms have not been disclosed.

 

Health food brand “food laboratory” has completed nearly ten million yuan Angel round financing (36 krypton)


According to 36 krypton yesterday, health food brand “food laboratory” has completed nearly 10 million yuan Angel round financing. This round of financing is exclusively invested by panda capital and Yuanqi capital is the exclusive financial consultant. Sun Sida, CEO of the food inspection laboratory, said that the fund will be mainly used for the construction of its own factory, research and development of new products and channel development. Food laboratory is a new snack brand established in 2019, which is positioned as “snack ingredient expert”. It mainly upgrades potato chips and snacks through innovative technology.

 

Us plant food company “livekindly Co.” completed US $135 million financing (36 krypton)


According to 36 krypton quoting Foodbev yesterday, US plant food company livekindly Co. completed $135 million financing, led by blue horizon Corporation and participated by Asia Group of trustbridge partners. Livekindly Co. said most of the money will be used to increase production capacity and develop new products such as vegetable chicken, as well as brands such as the fry Family Food Co. and likemeat, which promote the company’s operation, will be launched in the United States in 2021.

 

“Fazenda Futuro”, a Brazilian plant meat manufacturer, received US $25 million financing (36 krypton)


According to latamlist, 36 krypton reported yesterday that fazenda Futuro, a Brazilian vegetable meat manufacturer, has completed a $25 million financing, invested by BTG pactual, enfini investments, Turin MFO, monashees and GO4IT capital. The funds from this round of financing will be used to develop new meat substitutes to expand product lines and enter new markets.

 

Starbucks launches Yunnan coffee bean products in China for the fourth consecutive year

 

On October 16, Starbucks held a new Yunnan coffee tasting event at the second blue harbor store in Beijing, announcing the introduction of two new Yunnan coffee beans, according to the economic network yesterday. According to Starbucks, this is the fourth consecutive year that Yunnan coffee bean products (non comprehensive coffee) have been launched in the domestic market, which also means that the output and quality of Yunnan coffee are gradually stabilizing.

 

Naixue’s tea launches bubble water (company news)


Recently, the official account of the snow tea announced that the new bubble water products will start in the Tmall flagship store. The two new products are white peach and lemon flavor.

Organic milk powder (Foodbev) with HMOs

According to foreign media reports today, British infant formula manufacturer candomille announced the launch of organic milk powder containing HMOs, saying it was the first in the world. It is reported that the product will be launched in the UK market at the end of October and the recommended retail price is 14 pounds.

 

Starbucks tries vegnews

 

According to foreign media reports yesterday, Starbucks has been testing a breakfast plant sandwich in a Seattle suburb store. The new product, which retails for $5.45, is made from mung bean based eggs, vegetable based patties, milk free cheese and English muffins.

 

Dongpeng teyin holds hands with “Han Hong love” (company news)

 

Recently, the launching and donation ceremony of 2020 “Han Hong’s love · 100 people’s aid to Yunnan” large-scale medical aid public welfare action was officially held in Kunming, Yunnan Province. At the donation ceremony, the CEO of Dongpeng beverage group, Lin Lin Gang, Han Hong and the star volunteer Mao Amin jointly handed over the donation to Xie Xinying, the leader of Yunnan health commission. The cooperation between Dongpeng beverage and Han Hong love started in 2017, and the two sides have reached a three-year strategic cooperation in public welfare, which will continue to support the development of medical undertakings in Western China.


Quick reading of food industry information

 

 

Vice president of meituan: the growth rate of catering and accommodation consumption is expected to change from negative to positive in the fourth quarter (China News Agency)


According to China News Agency yesterday, Lai Youwei, vice president of meituan and President of meituan Research Institute, said that consumption increased by 0.9% in the third quarter, and the quarterly growth rate changed from negative to positive for the first time in the year. Compared with the physical consumption, the recovery of service consumption is relatively slow, and many sub industries have not recovered to the same level of last year, but still maintain a warming trend. Under the stimulation of consumption promotion policies, it is expected that the consumer confidence of residents will further recover in the fourth quarter, and the consumption market will continue to pick up. The year-on-year growth rate of service consumption such as catering and accommodation is expected to change from negative to positive in the fourth quarter.

New coronavirus can be transmitted from person to person (Nanfang Daily)

According to the official wechat of Nanfang Daily, on the morning of the 20th, the Information Office of Qingdao Municipal People’s Government of Shandong Province held a press conference on epidemic prevention and control. Luan Xin, vice mayor of Qingdao, said that Qingdao’s epidemic prevention and control work has found a sufficient chain of evidence for the first time in the world, indicating that the new coronavirus can be transmitted from human to human and can survive for a long time under frozen conditions.

Nucleic acid sampling test for imported frozen food through three customs

 

According to today’s report of the surging news, the imported frozen food to participate in the Third International Fair must pass at least three customs clearance: Customs quarantine, general warehouse warrant, and nucleic acid detection of food, packaging and equipment in the later stage. To be specific, all imported frozen food must be inspected and quarantined by the customs; after passing the customs, when the imported frozen food is sent to the general storage, it is also necessary to ask for further certificates, tickets, nucleic acid sampling, etc.; in addition, nucleic acid sampling test is also required for food packaging, equipment and facilities.

British magazine: baby bottles containing polypropylene may release plastic particles when making milk powder (Xinhua)

 

According to a human health report published by nature food magazine, researchers have found that plastic particles may be released from baby bottles containing polypropylene when making standard formula milk powder, which will directly affect infants, xinhuanet.com reported yesterday. The Irish team tested 10 baby bottles, all made of polypropylene or containing polypropylene based accessories, under the disinfection and formula brewing conditions recommended by the World Health Organization. It was found that these bottles continuously released plastic particles during the 21 day test period, and the amount of plastic particles released varied with the water temperature and other factors.

 

National Health Commission issued an urgent notice: eat fermented rice and flour food carefully (Xinhua)

Nine people died after eating sour soup in Jidong County, Heilongjiang Province, in recent days, Xinhua reported. It has been found that the pathogenic food is sour soup contaminated by pathogenic bacteria. According to the report, stinky dregs, sour Tangzi and gegedou in the north, and Tangyuan, diaojianba and Hefen produced by fermentation in the south are the most likely to cause disease. In order to ensure life safety, the best preventive measure is not to make or eat fermented rice flour food.


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