This week in FMCG
This week’s top headlines involve a pet food manufacturer investing in a factory expansion in NSW and Bubs Australia announcing a new global ambassador. Read below what happened this week.
Nestle Australia will invest $90 million in its Blayney site in New South Wales. The facility manufactures pet foods and the latest investment will see new equipment to increase product production and export growth. Nestle Blayney factory manager, Andrew Devlin said the upgrading of its equipment will finalise in 18 months. Nestle will have 100 construction, installation and commissioning jobs onsite and approximately $10 million of civil works.
Bubs Australia has rolled out new vitamin supplements and announced the appointment of former supermodel Jennifer Hawkins as its new global ambassador. Vita Bubs is the new infant and children’s vital and mineral supplements range in partnership with pharmacy Chemist Warehouse. Kristy Carr, founder and CEO of Bubs said that the latest move will see the company evolving “into high-margin adjacent categories” and reach various children’s feeding and health settings.
Saputo Dairy Australia decided to rename the Coon cheese brand amid accusations of racial slur in the past few weeks. Australian comedian Josh Thomas on Twitter suggested that Coon cheese should be renamed due to an associated racial slur. Saputo Dairy Australia spokesperson defended the brand name explaining that it was named after Edward William Coon, “who patented a unique ripening process that was used to manufacture the original Coon cheese”.
Coca-Cola Amatil (CCA) has announced its plan to reduce the value of its assets by up to $190 million, which is largely related to its Indonesian subsidiary. The write down ranges between $160 million to $190 million and will be included in the first-half year accounts, due for release in August. CCA group MD Alison Watkins said the impairments are “non-cash accounting adjustments” and the soft drinks giant remains confident in its long-term prospects for its Indonesian subsidiary.
Melbourne and Mitchell Shire saw a sudden spike in coronavirus cases. The Victorian Government has applied stricter lockdowns in Victoria, requiring supermarket shoppers to wear face masks at all times while grocery shopping. Supermarket operators Woolworths, Coles, Aldi, FoodWorks and IGA published a joint communication about the new measure. The latest move is to ensure the safety of shoppers and workers. According to the Victorian Government, the consumers are required to wear face covering upon leaving their home, unless a lawful exception is applicable.
Inside FMCG will be back on Monday morning with more news.