FRENCH FRY EXPORTS
SIZZLING FOR USThe ever-popular U.S. french fry is growing in value and volume on the export market, boosted by demand in East Asia and Latin America.
Exports rose 40 percent in the year that ended June 30 from the previous year to reach $240.9 million, Agriculture Department officials said.
That was the 11th consecutive yearly increase and more than five times the value exported a decade ago.
Japan is the leading importer of U.S. french fries, buying $115.2 million worth in the year from July 1994 through June 1995. That was 21 percent more than the year before and triple the level of 10 years ago.
AUSTRALIAN BREWER PLANS
TO EXPORT CHINESE BEER
SYDNEY - Australia's Foster's Brewing Group said Tuesday it would challenge China's top beer exporter Tsingtao by launching its own Chinese beer brands into export markets beginning with the United States.
Foster's, which first began brewing in China in 1993 and now operates three Chinese breweries, said it was in the final stages of launching exports of its Shanghai Beer, to be followed in around six months with its Great Wall brand.
Foster's chief executive Ted Kunkel said the exports would be distributed by the U.S. arm of Canadian beer giant Molson Breweries, which is 40 percent owned by Foster's and 40 percent by Toronto-based Molson Cos.
The brewer also plans to expand its Asian brewing operations to India and
Vietnam, Mr. Kunkel said.
DU PONT TO BUILD
FABRIC PLANT IN SPAIN
NEW YORK - Du Pont said Tuesday it plans to build a plant at a site in Oviedo, Spain, to expand production of nonwoven products based on its Sontara spun-lace fabric process.
The company said it expects to invest $75 million in the project.
Capacity was not disclosed. The plant is scheduled to come on line after a two-year construction period.