Japan’s Meiji books another impairment on China food business
Japan’s Meiji Holdings has lowered its full-year profit outlook after announcing another impairment linked to its food operations in China. The Tokyo-based group said it...
Tag: Meiji Holdings
Meiji to Invest in US Production of Hello Panda
Meiji Holdings plans to invest Y10 billion ($63.4 million) to boost the production of Hello Panda biscuits at its facility in York, Pennsylvania. This expansion...
Lactalis and Saputo Considering Purchase of Fonterra’s For-Sale Dairy Assets
Global dairy leaders Lactalis and Saputo are exploring opportunities to acquire the consumer-focused assets of Fonterra in New Zealand. Additionally, Japanese company Meiji Holdings Co.,...
Meiji to Increase Production of Hello Panda Brand in the U.S.
Japanese food giant Meiji Co. plans to invest $28 million to expand the production capacity of its Hello Panda snack brand in the United States....
Meiji Set to Transform Yogurt Production in Japan
Meiji Holdings is poised to close three yogurt manufacturing facilities in Japan, transitioning to a state-of-the-art production site. This strategic move, that underscores evolving food...
Impairments related to Chinese dairy challenges impact Meiji profits
Japan’s Meiji Holdings has revised its profit forecasts due to challenges in its China business. Despite raising sales outlook for the year ended on 31...
Meiji continues investment in California Cultured
Meiji Holdings Co. has reinvested in US cell-based cocoa start-up California Cultured, after its initial investment in 2021. Financial details were not disclosed. The Japanese...
Meiji of Japan to construct new ¥48 billion dairy facility
Japanese food group Meiji Co. has revealed plans to invest Y48bn ($331m) in a new domestic dairy production facility in Nakashibetsu, Hokkaido. This move will...