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Food & Beverage

InBev to sell Korean beer unit

September 4, 2008
Belgian brewer InBev is planning to put its Korean beer business up for sale, in an effort to shed a non-core asset and raise what could be approximately $2 billion
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Nestle''s head of Americas region to become CEO of rival Unilever

September 4, 2008
The Swiss food and drinks giant Nestle SA said Thursday that its Americas chief Paul Polman has resigned, according to the Associated Press. Polman is leaving to become chief executive
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Pilgrim''s Pride to stop production at two plants in North America

August 26, 2008
Chicken producer Pilgrim''s Pride Corp. will stop production at processing plants in Arkansas and Louisiana in a bid to boost profits, the Associated Press reports. The production cutback will also
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Tyson, Syntroleum to build synthetic fuel plant in Louisiana

July 21, 2008
Chicken producer Tyson Foods Inc. and Syntroleum Corp. have given final approval to build a renewable synthetic fuel facility where low-grade inedible fats and greases will be turned into renewable
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Anheuser-Busch being sold to InBev for $52B

July 14, 2008
According to the Associated Press, the maker of the King of Beers has agreed to go to work for the Belgian brewer InBev SA.Anheuser Busch Cos. said it had agreed
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Budvar registers trademark in Hong Kong

July 11, 2008
According to the Associated Press, Czech brewery Budejovicky Budvar NP said recently it had registered its trademark in Hong Kong after its rival, U.S.-based Anheuser-Busch, withdrew its objections.Budvar said in
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Smithfield to sell joint venture to Campofrio

July 9, 2008
According to the Associated Press, pork producer Smithfield Foods Inc. said recently it will sell Groupe Smithfield Holdings SL, its main European subsidiary, to Campofrio Alimentacion SA, the largest processed
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Heinz to buy French sauce maker Benedicta

July 7, 2008
According to the Associated Press, Ketchup and salad dressing maker H.J. Heinz Co. said recently it plans to buy Paris-based sauce maker Benedicta to grow its sauce business in France.Financial
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South Korea labor group strikes against US beef

July 2, 2008
According to Reuters, members of a militant South Korean labor group walked off the job briefly this week, halting production at major carmakers, as they called on the government to
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Zhongpin to start production at new plant

June 30, 2008
According to the Associated Press, China-based meat processor Zhongpin Inc. said recently it will start production at its new processing center in the Western Henan province.The company began construction on
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