PLAY PKN: Video Bulletin 30 August

In the news: Zero Co, Close the Loop, IVE Group, Australian Packaging Covenant Organisation, Banksia Foundation, BioPak, McKenzie's Foods, Tetra Pak, PopBox, Colgate-Palmolive.

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Food & Drink Business

Western Australian producer, Brownes Dairy, has been put up for sale according to the Australian Financial Review (AFR), as one of its biggest lenders, China Mengniu Dairy, calls in its $200 million loan. A reduced demand for milk in China and the current positioning of the global market could be driving the decision.

The Central Coast is about to receive a boost to its local food and beverage manufacturing industry, with construction starting on the $17.14 million Food Manufacturing Innovation Hub, funded by the federal government’s National Reconstruction Fund (NFR).

The Australian Industry Group (Ai Group) says Australia is at a “critical crossroads” when it comes to R&D and decades of rhetoric have not delivered material change.