FMCG and Consumer Goods Newsletter - September 19 to 23, 2016

India Infoline News Service | Mumbai | September 23, 201610:09 IST

This week saw Essel Propack acquire 100% stake in Essel Deutschland Germany. IIFL presents a weekly snapshot of all the major happenings in the FMCG and Consumer Goods industry nationally and internationally.

Top News
 
Wipro Consumer Care signs deal to acquire leading Southern China Personal Care and Fabric Care Company
Wipro Singapore Pte. Ltd, part of Wipro Consumer Care and Lighting, announced that it has signed a definitive agreement to acquire 100% shareholding of Zhongshan Ma Er Daily Products Limited, a Chinese Fast Moving Consumer Goods (FMCG) company, in an all cash deal. Read More
 
Essel Propack to acquire 100% stake in Essel Deutschland Germany
Essel Propack Limited, a global leader in laminated plastic tubes catering to the FMCG & Pharma  space, today  announced  a  complete  buyout  of Essel Deutschland Germany (EDG). Read More
 
News Infocus
 
Indian electronics products to touch $75 bn by 2017
The Indian electronic products industry in India is expected to grow at a CAGR of 10.1% to reach US$ 75 billion by 2017 from US$ 61.8 billion in 2015 with increasing penetration across consumer products especially in semi-urban and rural markets, along with government push for infrastructure development, locomotive and energy, there exists a significant opportunity for rapid expansion of this industry, adds the ASSOCHAM-EY joint study. Read More
 
Domestic News
 
Jubilant FoodWorks CEO Ajay Kaul resigns
The Board of Directors of Jubilant FoodWorks Limited announced that Ajay Kaul, Chief Executive Officer cum Wholetime Director has decided to step down as the CEO & Wholetime Director of the Company to evaluate and pursue opportunities outside the Jubilant Bhartia group. Ajay Kaul will continue in his current role till March 31, 2017. Read More 
 
NHC Foods to raise funds via stake sale
Malaysia based MAP Enterprises' leading importer of manufacturer seed spices is in talks with NHC Foods Limited, a two star export house and of the spices under the brand sAAzMasala inpicking a stake in the company' MAP Enterprises has been NHC's overseas partrer for the past two decades and hence has opted to backward integrate to boost it's import business and also to be part ofIndia's growing spice Industry through the Brand 'SAAZ'. Read More
 
GSK Consumer Healthcare appoints Raj Khemani as IT lead
GSK Consumer Healthcare Ltd. announced the appointment of Raj Khemani as the IT Lead, ISC. Raj will be a member of the India Leadership Team and will be based in Gurgaon. Read More
 
Tetra Pak sees growth opportunities for 100% juice
The market for 100% juice should return to growth despite global economic slowdown and the recent debate around sugar, according to Tetra Pak’s 100% Juice Index report. Read More
 
Canadian Agro India launches Canapure Canola Cooking Oil; looks for big venture in Indian Market
Canapure Canola Cooking Oil was launched in New Delhi by Canadian Agro India Pvt. Ltd.  Greg Morhun from Bunge Canada & Rakesh Gupta, MD - Canadian Agro India Pvt Ltd in the presence of Padmashree Chef Imtiaz Qureshi, Chef Abhijit Shah and Rob McCubbing, Counsellor, and Head of Trade Program for North India on behalf of the High commissioner of Canada. Read More
 
Hindustan Foods to consider the proposal of fund raising through preferential issue of equity shares 
Hindustan Foods Ltd has informed BSE that the meeting of the Board of Directors of the Company will be held on September 19, to consider the proposal of fund raising through Preferential lssue of equity shares of Rs.10 (face value) each. Read More
 
Cornitos launches a new range of combination gift packs for the festive season
With the festive season just around the corner, Cornitos has come out with its new range of combination gift packs. A pioneer in Nacho Crisps in India, Cornitos has introduced several different combinations of delectable nacho flavors, tacos, beans and dips attractively packaged as gift packs to spice up the Festive season. Read More
 
Tata Tea Kanan Devan brews a strong bond, sharing its leaf to cup story
For most of us, a day doesn’t begin without that first cup of chai. But have we ever paused to ask ourselves where this aromatic brew comes from? Tata Tea Kanan Devan, a heritage tea brand from the house of Tata Global Beverages, gave tea-loving consumers the unique opportunity to experience the story behind their everyday cup of chai with the Photography Escapade 2. Leveraging photography as an emerging trend, this annual online photography contest invited consumers to visit the Kanan Devan Hills in Munnar, Kerala, and immerse themselves in the scenic beauty of the tea plantations. Read More
 

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