China Food

DSM announced its acquisition of fenmeiyi, and Unilever’s share price soared after the appointment of the new director. Nestle CEO said there was no “shortage of milk powder” outside the United States. Different meat customers promoted new products, and HEMA retained its “mobile supermarket”


Hot company information and announcement

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DSM Announces Acquisition of finmeiyi


Today, DSM, a Dutch scientific company, announced that it would acquire fenmeiyi, a Swiss flavor and fragrance manufacturer, and sell its engineering plastics business, thus becoming a major player in the fast-growing food ingredients and health care products market. The transaction was concluded through stock and cash. DSM said that its shareholders will acquire 65.5% of the shares of DSM Firmenich, a new company formed after the merger, while the unlisted fenmeiyi will acquire 34.5% of the shares of the new company and 3.5 billion euros in cash from DSM. In addition, DSM also agreed to sell its engineering plastics division to its German counterpart LANXESS and private equity investment company advance for € 3.85 billion (including potential debt). DSM and Fannie Mae said that the merged group will be established in the first half of next year and achieve an annual cost saving of 350million euros. (Reuters)

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CEO of fenmeiyi: increase by 5-7% after merger


Today, Gilbert ghostine, CEO of finmeiyi, told the media that the finmeiyi family will own about 34.5% of the shares of the new company and hopes to remain a long-term shareholder of the new company. It is reported that DSM Firmenich will set up two headquarters and will be listed on the Amsterdam Euronext. After the merger, the target of the two companies is to increase the current profit by 350million euros and reach 500million euros in annual sales. Executives expressed the hope that the annual sales of the merged company would increase by 5-7%, and the adjusted EBITDA would be about 2.2 billion euros. (Bloomberg)

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Unilever appoints activist investors as non-executive directors


Today, Unilever announced the appointment of radical investor Nelson Peltz as a non-executive director and a member of the Remuneration Committee. The appointment is expected to take effect on 20 July 2022. It is reported that Nelson Peltz is the CEO and founding partner of trian fund management, an investment management company. He has worked in several major global consumer goods companies, such as P & G and Yizi international. It is understood that trian previously confirmed that the fund under its management held about 37.4 million ordinary shares of Unilever, accounting for about 1.5% of Unilever’s share capital. (issued by the company)


Unilever shares soared after the announcement of its new appointment


Today, Unilever announced the appointment of Nelson Peltz as a non-executive director, pushing the company’s share price to its highest increase in four months (a pre market increase of more than 6%). It is expected that the activist investor will shake the slow growing consumer goods giant. Bernstein analysts said Peltz’s appointment gave the company “great credibility”. Bloomberg think tank also said that Peltz’s appointment as a non-executive director may promote faster and greater changes in Unilever’s portfolio; The failure of Unilever to acquire the consumer health business of GlaxoSmithKline has angered some shareholders. The latest appointment seems to increase the growth pressure on chairman Nils Andersen and CEO Alan jope. (Bloomberg)

Not a good product? Maotai ice cream continues to provoke heated discussion


In response to the recent popularity of Maotai and Maotai ice cream across the Internet, duanyongping, a famous investor, answered netizens’ questions on the social platform a few days ago, saying that he had “no opinion” on Maotai ice cream. Intuitively, he felt that this product was not a good product, and that it was too divergent. Renzeping, an economist at www.wanghong.com, holds the opposite view of duanyongping. He said: “Duan always has some good judgment, but his intuition on Maotai ice cream is obviously wrong, especially after in-depth professional analysis.” (AI financial agency)


Fosun international plans to liquidate Tsingtao Beer H shares


Fosun International announced at the Hong Kong Stock Exchange yesterday that its subsidiary agreed to sell 66.8 million H shares of Tsingtao beer at HK $62 per share. The total proceeds from the sale amounted to approximately HK $4.14 billion (US $528million). The placing price is 4.7% lower than the closing price on Monday. After the completion of the sale, Fosun will no longer hold any H shares of Tsingtao beer. The company said that the sale was a normal investment and withdrawal arrangement. (company announcement)

Lancang ancient tea diversion Hong Kong stock IPO


Pu’er Lancang Ancient Tea Co., Ltd. (hereinafter referred to as “Lancang ancient tea”) which terminated the A-share IPO earlier changed to Hong Kong stock IPO. On May 30, the website of the Hong Kong Stock Exchange showed that Lancang ancient tea submitted its prospectus for the first time and planned to be listed on the main board. (Securities Times)


Mars Wrigley and Yizi spice suppliers are ready to go public


Recently, Kunshan Yaxiang spices Co., Ltd. (hereinafter referred to as “Yaxiang spices”) has passed the registration of its initial public offering on the gem and will be listed on the Shenzhen Stock Exchange. In the customer list of Asiatic spices, there are many domestic and foreign FMCG giants such as Mars Wrigley and Yizi international. (interface News)

Knight dairy applies for listing on Beijing stock exchange


Yesterday, Knight dairy announced its listing and fund-raising project on the Beijing stock exchange and a series of supporting management systems. It plans to issue no more than 52.27 million shares to unspecified qualified investors. The raised funds will be used for the knight dairy cow breeding project of Ordos Knight Kubuqi animal husbandry Co., Ltd. The total investment of the project is planned to be 408937100 yuan, and the raised capital is planned to be 261350000 yuan. (company announcement)

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Jiahe food will present coffee and oatmeal products of the company to shareholders


Yesterday, Jiahe food announced that in order to thank the shareholders for their concern and support for the company, and to facilitate the shareholders to better understand the company’s golden cat coffee and special wheat brands, the company decided to give the company’s coffee and oat milk gift boxes to all shareholders free of charge, and solicit the shareholders’ opinions or suggestions on golden cat coffee, special wheat products and the company. (company announcement)

Feihe is accused of “catching up” with foreign milk powder giants


At present, Feihe only registers a series of Feifan with Jilin factory, and there are still two vacant seats. In its 2021 financial report, Feihe mentioned that its Harbin plant and Qiqihar plant are under construction. It is reported that the two plants are expected to be completed and put into operation in 2022 and 2023 respectively. After the completion of the plant, a new number of available registered vacancies will be generated. At that time, Feihe will have the opportunity to rank first in the number of domestic brands and catch up with foreign-funded giants such as Danone and Nestle. (gelonghui)

Yuanqi forest launched a project called “restoring vitality” in Shanghai


Recently, Yuanqi forest launched an internal public welfare project in Shanghai called “recovery of vitality”. It plans to cooperate with 125 catering enterprises in Shanghai to deliver at least 200000 bottles of bubble water free of charge in three batches from the end of May to the first ten days of June, including the newly launched summer Limited New sea salt series. (issued by the company)


Meituan sets up a team of “take out partners” in Shanghai


On May 31, meituan takeout announced that it had invested 40million yuan to set up a “takeout partners” team to provide takeout housekeeper services to more than 10000 high-quality Shanghai merchants to help them solve practical business problems and increase order volume. In addition, meituan takeout will also invest more than 600million yuan in subsidies to solve the distribution problems of merchants and stimulate online consumption. (interface News)


HEMA retains the “mobile supermarket” and adds community group purchase and storage services


A few days ago, Houyi, President of Baogong enterprise HEMA, said that he would retain the “mobile supermarket” model created during the epidemic. At the same time, the group purchase and storage service in the community will be added – the group purchase of large package commodities will be opened to the community once a week with HEMA x club as the guide. It is understood that nearly 80% of HEMA stores have basically resumed online operations. (36 krypton)


Ruixing coffee establishes a food company in Jiangsu


Recently, Ruixing Coffee & food (Jiangsu) Co., Ltd. was established with a registered capital of 40million US dollars, and its legal representative is Xia Wei. Its business scope includes food sales; Import and export of goods; Domestic trade agency, etc. According to shareholder information, the company is wholly owned by Ruixing coffee roasting factory (Hong Kong) Co., Ltd. (business system)

Haidilao will open shop in the Philippines


Haidilao will cooperate with a local company in the Philippines to open the first store in the Philippines next month. The plan has been confirmed by the Philippine Ministry of trade and industry, but the specific location of stores and other information have not been released. (Inside Retail)

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A store in snow ice city was fined for expired food


(credit China)

Wandashan infant formula is on the market


Recently, Beidahuang Wandashan Dairy announced the launch of a new infant formula milk powder, saying that it has “two major advantages of ‘super rarity of high cold A2 and more superior absorption'”. In addition, at the offline ordering meeting that was carried out simultaneously with the listing press conference on the same day, the subject amount of the juvenile purchase order contract signed on site reached 180million yuan. (issued by the company)

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Different meat customers launched two different pork meat sauce products in China


Today, beyond meat announced the launch of its first special meat customer specially developed for the Chinese market ™ Brand plant meat sauce product series. It is understood that the new series of vegetable meat sauce launched this time are “Italian Tomato” and “fragrant black pepper” respectively, and use other meat based pig minced meat (other pork ™) As raw material. In addition, each serving (100g) of another kind of meat, the Italian tomato vegetable meat sauce, contains 4.8g protein. (issued by the company)



Negotiate and launch the king’s glory co branded melon seeds


Recently, Qiaqia announced on its microblog that it has co branded with the king glory mobile game, and that melon seeds of five flavors have been replaced with new packages with game characters, and said that the limited product is currently launched in JD and will not be launched on the Taobao platform until June. (issued by the company)

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Yuanqi forest intelligent freezer a’design Award


Recently, Yuanqi forest intelligent freezer won an award in the Italian a’design award design competition. It is reported that by 2021, the amount of Yuanqi forest intelligent freezers has exceeded 180000. (issued by the company)

Nestle CEO: there will be no serious shortage of milk powder in markets outside the United States


Yesterday, Nestle CEO Mark Schneider said that Nestle is not expected to have a “serious shortage of infant formula” in other markets outside the United States. He said that “the serious shortage of milk powder in the United States is caused by the closure of a large milk powder factory in the United States. This is the domestic situation in the United States. The supply in other markets will not be affected. We have enough products.” (Reuters)

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Danone refers to the time required for special formula milk powder to increase production


A few days ago, Danone warned that because the production of formula products for special medical purposes is more complex, special raw materials are required and larger-scale quality and food safety procedures are applied, so it will take some time to increase the output. It is reported that Danone has increased the number of shifts and workers in the factory in Liverpool, England, which helps to increase the output of infant amino acid formula powder newconte. (Wall Street Journal)

Fislan will raise the guaranteed price of raw milk


Recently, due to the shortage of global milk supply and the continuous demand for organic dairy products, the guaranteed price of raw milk in June increased by 4.00 euros compared with 52.50 euros in May, and the guaranteed price of organic milk increased by 2.00 euros compared with 57.25 euros in May. (issued by the company)


Starbucks opens South Korea’s first subway station store in Seoul


Recently, Starbucks Korea opened a store in Seoul Jiangnan subway station. Starbucks South Korea said that opening coffee shops underground is part of its expansion strategy in South Korea. It is reported that Jiangnan subway station is one of the busiest stations in Seoul. (EconoTimes)

Illy Yili coffee’s Asian market grew by 17.8% last year

Illy Yili coffee recently announced its performance in 2021. Its comprehensive income during the period was about 500million euros, an increase of 17.4% compared with 2020 and the same as 2019. Compared with 2020, the Asian market grew by 17.8%. Thanks to the excellent performance of China and South Korea, especially in terms of online sales channels.) The

Suntory said that at the end of the year, its 500ml ready to drink packaging bottle will use 100% recycled plastic


Recently, Suntory said that by the end of this year, all its 500ml ready to drink bottles will be made of 100% recycled plastic. This change (excluding bottle caps and labels) will reduce 36000 tons of carbon emissions. (Edie)

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Weihaomei is optimistic about the innovation engine


McCormick is adding strong marketing support to its products. The introduction of new products is an important part of the company’s growth. The company is optimistic about its “strong innovation engine” in 2022. It is reported that its management is using its extensive technology platform to develop clean label, organic and better for you solutions with the improvement of consumers’ health awareness. At the same time, the company has also developed a series of natural and organic products. (yahoo)



Quick reading of food industry information

 



The Ministry of Commerce responded to the upgrade of China Switzerland free trade agreement: there is no frozen


Today, when asked about the recent Swiss media reports that the negotiations on upgrading the free trade agreement between Switzerland and China have been frozen, the Ministry of Commerce responded that the China Switzerland free trade agreement was signed in july2013 and came into force in july2014, which has played a positive role in promoting economic and trade cooperation and development between the two countries. China has become the third largest trading partner of Switzerland. In 2021, the bilateral trade volume between China and Switzerland reached US $44.11 billion, a year-on-year increase of 96.7%. China and Switzerland signed a memorandum of understanding in 2017, announcing the launch of a joint study on the upgrading of the free trade agreement to explore the possibility of further comprehensive upgrading of the free trade agreement. The level of China Switzerland free trade agreement is very high. The two sides are actively promoting joint research and conducting in-depth discussion on the scope of possible upgrading fields. There is no freezing. (Ministry of Commerce)


Coca Cola has been the top global brand Footprint in 2022 for ten consecutive years


The global brand Footprint in 2022 was recently released by the Kaidu consumer index. The report shows that Coca Cola has become the most popular brand in the world for ten consecutive years. Nestle’s condiment brand Meiji returned to the top three in the list of consumer preferred brands, with a year-on-year increase of 11%. The tea brand Brooke bond under Unilever has the fastest annual growth among the top 50 brands. Philadelphia, a cheese brand under Yizi, entered the top 50 global brands (48th), with a year-on-year increase of 5%. Gatorade has re entered the top 50 since 2013, ranking 47th. (Kaidu)

The scale of China’s current coffee market reached 8.97 billion yuan

Today, meituan food and Carmen jointly released the 2022 report on the development of China’s existing coffee category. It shows that in 2021, the market scale of China’s existing coffee industry reached 8.97 billion yuan, an increase of 2.64 billion yuan or 41.71% over 2020. It is expected that the market scale will reach 15.79 billion yuan in 2023. In terms of consumer groups, post-90s women are the core users. (Beijing News)

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Limit the excessive packaging of zongzi


Recently, the No. 1 amendment to the national standard “requirements for food and cosmetics to restrict excessive packaging of commodities” reduced the number of packaging layers of zongzi from no more than four to no more than three; The necessary space coefficient of zongzi is reduced from 12 to 5, which is equivalent to the reduction of packaging volume by 58%; For zongzi with a sales price of more than 100 yuan, the proportion of packaging cost in the sales price will be reduced from 20% to 15%; It is stipulated that zongzi should not be mixed with other products that exceed its price. (Economic Daily)

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State Grain and material reserve bureau: strengthen the supervision and inspection of grain and oil purchase to ensure the interests of grain farmers


The State Food and materials reserve bureau recently released the notice on the supervision and inspection of grain and oil purchase in 2022, requiring to strengthen the supervision and inspection of policy grain purchase, and strengthen the supervision and inspection of all links of grain purchase at the lowest purchase price, especially the fixed-point and purchase acceptance links. At the same time, the circular pointed out that it is necessary to strengthen the supervision and inspection of market-oriented grain and oil purchase. (Guangming Daily)

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The State Administration of market supervision organized the action of “lighting up 100 e-commerce platforms”


Recently, the General Administration of market supervision deployed the “lighting up 100 e-commerce platforms” action, organized more than 100 e-commerce platforms in 31 provinces (autonomous regions and municipalities directly under the central government) across the country that are closely related to people’s daily life, guided platforms and merchants to “shine, shine on certificates and shine on rules”, promoted information openness and rule transparency, jointly created a fair, honest and reassuring online consumption environment, and promoted the standardized and healthy development of platform economy. (General Administration of market supervision)



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