Africa Market Is The Epicenter of Growth For The Future

Dabur India Ltd. (DABUR), a maker of packaged honey, traditional medicine and hair oil, plans to set up two new factories and introduce more products in Africa as part of a goal to almost double profit in three years.“It makes sense to move, spring out to other emerging markets, because competition these days is very hard in India,” Taina Erajuuri, a Helsinki-based fund manager with FIM Asset Management Ltd. said. “It’s easier for Dabur to go to emerging markets than developed markets because there you have Unilever, Procter & Gamble and L’Oreal.”

Dabur rose 0.1 percent to 103.7 rupees at the close of trading in Mumbai today. The stock has risen 3.4 percent this year, compared with a 12 percent drop in the benchmark Sensitive Index of the Bombay Stock Exchange.

Profitable Growth

“The Africa market is the epicenter of our growth prospects for the future,” Duggal said May 13. “The upsides in some of these markets are as much, if not bigger than India. I’m talking about not just revenue growth, but profitable growth.”

“There are markets where for another 20 years there may not be a significant growth,” Kulkarni said. “You’d find it very difficult to distribute products.” We’ll have to buy companies outside Africa and then seed the markets with those products or develop our own products.”

http://www.bloomberg.com/news

Ajinomoto Co. Seasonings Maker May Spend $3.7 Billion on Acquisitions in Three Years

NNN  Lease Market News

Ajinomoto Co., the Japanese seasonings maker that first sold monosodium glutamate, may spend 300 billion yen ($3.7 billion) on acquisitions in the next three years as the company expands overseas.
“We want to beef up our strong areas like Brazil and Southeast Asian countries as well as expand in new markets such as the Middle East and Africa,” President Masatoshi Ito, 63, said in an interview at the company’s Tokyo headquarters yesterday. In July, a team directly reporting to Ito will be set up to study potential purchases and alliances, he said. ...http://www.bloomberg.com/news

Although traditional East Asian cuisine had often used seaweed extract, which contains high concentrations of glutamic acid, it was not until 1907 that MSG was isolated by Kikunae Ikeda. MSG was subsequently patented by Ajinomoto Corporation of Japan in 1909. In its pure form, it appears as a white crystalline powder that, as a salt, dissociates into sodium cations and glutamate anions while dissolving (glutamate is the anionic form of glutamic acid).

http://en.wikipedia.org/wiki/Monosodium_glutamate