PEPSI FORMS VENTURE
TO MARKET FRUIT DRINKS
SOMERS, N.Y. - Pepsi-Cola International said it formed a joint venture with an Indian bottler and the New York consulting firm Preferred Brands to market tropical fruit drinks in Britain, Canada and the Caribbean.
The venture, Pure & Natural Inc., already markets mango, guava, pineapple, pineapple-banana and pineapple-mango-orange juice drinks under the brand name Season's Harvest in the United States, primarily on the East and West Coasts.
When international distribution begins early next year, all ingredients will be shipped to Artic Beverages of Agra, India, where the drinks will be manufactured, bottled, and then exported.
Additional flavors and export destinations are planned.
AUSTRALIA, NEW ZEALAND,
JAPAN OK TUNA LIMITS
CANBERRA, Australia - Japan, New Zealand and Australia have agreed to rebuild tuna stocks in the $60 million southern bluefin tuna fishery.
The parental stock of the tuna is still at a historically low level, Primary Industries and Energy Minister spokesman Nick Sherry said.
International stock assessment experts will participate in a scientific review, including analysis of aging and growth rates, and a report would be ready by May, he said.
He said the three countries also had decided to maintain the global catch limit at last year's level of 11,750 tons - 5,265 tons for Australia, 6,065 tons for Japan and 420 tons for New Zealand.
IG METALL LEADER
WARNS OF LABOR BATTLE
HAMBURG, Germany - The first round of 1994 wage talks in Germany between employers and IG Metall officials representing 80,000 workers in northwest Lower Saxony ended with the union leader calling on workers to prepare for a labor battle.
Employers, in talks Thursday in Bremen, repeated their demand to freeze 1994 wages at current levels, for workers to accept a cut in vacation bonuses, and to accept a cut in vacation time, according to the union.
Frank Teichmueller, head of IG Metall's coastal division, known as IGM Kueste, said in a statement that the union would not accept the employers' demands. The union demands a wage rise of 5.5 percent in 1994.
The two sides are scheduled to meet again Jan 24.
SURPASS $10 BILLION
MANILA, Philippines - Philippine exports rose to more than $10 billion in the 11 months ending in November, compared with $9.8 billion for the whole of 1992, the Department of Trade and Industry said.
Undersecretary Cesar Bautista said exports for the whole of 1993 could go above $11 billion. But imports are expected to be worth between $13 billion and $15 billion in 1993, officials said.
The increase in exports was led by garments, seen rising to $2.2 billion by year's end, and electronic components, expected to hit $3 billion this year.
CHINA ANNOUNCES PLAN
TO REDESIGN BEIJING
BEIJING - Municipal authorities said Wednesday the capital will be developed into a modern world metropolis over the next two decades. Their blueprint envisions a cultural and economic center with first-class public utilities, infrastructure and housing.
Among the details of the plan:
* New heavy industry, especially big power-consumers and those that may cause water and air pollution, will no longer be allowed in urban districts; existing ones won't be permitted to expand.
* The city's permanent population will be restricted to 12.5 million by the year 2010. Living conditions for them will be "greatly improved," with
average living space increased to 110 square feet.
* In the downtown area, government institutions and cultural facilities will mainly be along Chang'an Boulevard. A number of "large, important public buildings," including financial and commercial centers, will locate in suburban districts.
UNILEVER BUYS PART
OF FRENCH BREAD FIRM
LONDON - Unilever NV said it bought the frozen and prebaked bread operations of a family-owned business in France for an undisclosed amount.
The fresh-baked bread products of Menissez SA are not included in the deal. The unit being acquired employs 200 people.
PEPSI FORMS VENTURE