Archive for June, 2008

Kellogg acquires assets of China biscuit maker Zhenghang Food Co

Monday, June 30th, 2008 AsiaNet) - Kellogg Company today announced that one of its majority-owned subsidiaries has acquired substantially all of the assets of Zhenghang Food Company Ltd. ("Navigable Foods"), a manufacturer of cookies and crackers in the north and northeastern regions of China.

UzoneMedia partners ComfortDelGro to launch iCabTV

Monday, June 30th, 2008 PRNewswire-AsiaNet) - UzoneMedia Inc. celebrated the commencement of its partnership with ComfortDelGro, leading taxi operator in Singapore for the launch of UzoneMedia's iCabTV network.

India and China propel Internet audience growth in Asia-Pacific

Monday, June 30th, 2008

Lampung to hold seminar on environmental crime

Monday, June 30th, 2008 The Lampung branch of the Indonesian Environment Forum (Walhi) is scheduled to hold a seminar on `Environmental Crime and Publication of Environmental Complaint Post` at Lampung Unviersity, here on Monday.

Garuda Food Group to invest US$444 mln in expansion

Monday, June 30th, 2008 Indonesian company The Garuda Food Group has set aside Rp4 trillion (US$444 million) to finance business expansion in the next five years and make itself the largest food company in Asia.

S Korea`s Dongwon to acquire Starkist for US$363 mln

Monday, June 30th, 2008 South Korean food conglomerate Dongwon Group said today it would acquire a 100-percent stake in U.S canned tuna company StarKist from Del Monte Foods for US$363 million.

India`s ABG Shipyard bags US$136 mln order from Singapore

Monday, June 30th, 2008 Leading private sector shipbuilder ABG Shipyard (BSE:532682) said Friday it had bagged a Rs 5.85 billion (US$136.7 million) order from Singapore-based Toisa Ltd for the construction of three sub-sea multi purpose vessels.

Three new wharves to be built in Vietnam`s Cai Lan Port

Monday, June 30th, 2008 The Cai Lan International Container Port Company plans to invest $US120 million to build three wharves in Cai Lan port in north-east Quang Ninh province.

POSCO to buy 10% stake in Australia`s Macarthur Coal

Monday, June 30th, 2008 POSCO (KSE:005490), the world's fourth-largest steelmaker, said Monday that it had agreed to buy a 10 per cent stake in Australian firm Macarthur Coal Ltd (ASX:MCC) for 420 billion won (US$402 million), in a bid to secure a stable supply of the material used as fuel.

Japan`s Amada set to build machine tool plant

Monday, June 30th, 2008 The Amada Co. (TSE:6113) plans to invest Y20 billion ($US188.47 million) to build a factory for machine tools in Gifu Prefecture as it moves to boost sales of these products 60% by fiscal 2011, The Nikkei learned Friday.