Tag Archives: China

By Pam Graham Rakon, a maker of crystal oscillators used in smart phones and navigation systems, will liquidate its two-year-old Chinese factory if a plan to sell it does not go through. iphone sms spy Shenzhen Stock Exchange-listed ZheJiang East Crystal Electronic Co is buying 80 percent of Rakon Crystal (Chengdu) Co (RCC) for $US18.8 million. Rakon, which will retain …

?Fonterra Cooperative Group, beset by food standards issues after the bacteria that can cause botulism was found in its supply chain, had another stumble in China in May when 42 tonnes of milk powder were held up over elevated nitrate levels. cell phone hacking The milk powder was among 163 batches of foods and cosmetics prevented from entering China by …

A joint ministerial inquiry into the Fonterra Cooperative Group food scare will look at how the dairy exporter’s contamination occurred and whether the country’s regulatory regime is up to scratch, but won’t touch on questions of liability or the legislative structure of the dairy sector. Primary Industries Minister Nathan Guy and Food Safety Minister Nikki Kaye today released the draft …

New Zealand’s Ministry for Primary Industries has revoked export certificates for four consignments of lactoferrin made by Westland Milk Products after unacceptable levels of nitrates were found in two batches. mobile spy android gps fail One batch was exported directly to China and a second was supplied to Tatua Cooperative Dairy Co before being shipped to China, the department said. …

PGG Wrightson, the rural services company controlled by China’s Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the effects of this year’s drought. The net loss was $306.5 million in the 12 months ended June 30, from a profit of $24.5 …

Fonterra Cooperative Group’s tainted food scare has claimed its first scalp with the resignation of NZ Milk Products managing director Gary Romano. Romano, who initially fronted for Fonterra to New Zealand media while chief executive Theo Spierings went to China, has resigned effective immediately, the dairy company said in a statement. Spierings will personally assume interim responsibility for the daily …

China’s Bright Food Group, a cornerstone stake in local processor Synlait Milk, is likely to get a boost from Fonterra Cooperative Group’s food scare and might get a credit rating upgrade from Moody’s Investors Service. home sharing not working Fonterra is the biggest milk powder supplier into China with about 60 percent market share, and last week’s food safety scare …

PGG Wrightson, the rural services company controlled by China’s Agria Corp, took a $321 million charge to write off goodwill from its 2005 merger while posting a decline in operating earnings in line with guidance on the effects of this year’s drought. The net loss was $306.5 million in the 12 months ended June 30, from a profit of $24.5 …

China’s Bright Food Group, a cornerstone stake in local processor Synlait Milk, is likely to get a boost from Fonterra Cooperative Group’s food scare and might get a credit rating upgrade from Moody’s Investors Service. Fonterra is the biggest milk powder supplier into China with about 60 percent market share, and last week’s food safety scare is seen as credit …

Prime Minister John Key is vowing to go to China as soon as he can to apologise personally for the Fonterra botulism scare, armed with the findings of a new kind of Ministerial inquiry, for which new law will be passed, possibly under parliamentary urgency next week. Key announced at his post-Cabinet press conference that the Inquiries Bill, languishing on …