New Zealand dairy giant Fonterra has opened Sri Lanka's first solar powered milk chilling centre. The Hanwella-based facility, which officially opened this week, has been designed to conserve around 22,000 kW per year. The centre, which ...
Tags: Fonterra, solar power milk, dairy giant
French dairy giant Danone has relaunched its Silhouette line of yoghurt, removing "hidden nasties" and adding a new Greek variant, Silhouette Greek. Aspartame, gelatine, artificial flavours and colours will be removed from the range, ...
Tags: French dairy, yoghurt, artificial flavours
The former CEO of Milk Link,Neil Kennedy,has said his decision to leave his role at new parent firm Arla Foods has nothing to do with the dairy giant's strategy for the recently-acquired business. Kennedy,who is to leave his post as SVP ...
Analysts at Experian believe that overseas investment will maintain the momentum of mergers and acquisitions in the UK food sector. Last year saw the highest volume of mergers and acquisitions (M&A) in the UK food and drink sector since ...
Tags: UK, food sector, overseas investment, mergers and acquisitions
Emmi is not currently planning to take full ownership of AVH Dairy Trade, following news that it has acquired a 70% stake in the Netherlands-based dairy firm. Emmi announced yesterday (7 January) that it has acquired the stake for an ...
Tags: Emmi, full ownership, AVH Dairy Trade, dairy firm
Emmi has continued to see its share price rise after another acquisition deal to improve the Swiss dairy giant's presence in key international markets. This week, Emmi announced it has acquired 70% of Netherlands-based AVH Dairy Trade, ...
Tags: dairy giant, dairy, Dairy Trade, milk products, cheese
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa ...
There were, despite continued economic uncertainty in many Western markets and concerns over slowing growth in the East, signs that M&A activity rebounded in the food sector this year. Data for the whole of 2012 has not yet been published ...
Tags: European M&A advisors, food sector, Food
Dutch dairy giant FrieslandCampina has entered into a joint venture with French dairy processor Bongrain to sell branded cheese products in France. The joint venture,which will take effect from 1 January,will have"limited ...
Tags: dairy, FrieslandCampina, joint venture, Bongrain
UK retail giant Tesco has expanded its "venture brand" Yum to include a range of soft cheeses. Produced exclusively for Tesco by dairy giant Arla Foods, the range originally launched in July with products including Yum Spreadable and Yum ...
Tags: cheese category, cheese, dairy giant, dairy, soft cheese
UK retail giant Tesco has launched its latest "venture brand" under the name Yum. Produced exclusively for Tesco by dairy giant Arla Foods, the range, which launches this week, comprises Yum Spreadable and Yum Buttery Spread. Tesco said ...
Tags: Tesco, dairy giant, dairy, venture brand
Dutch dairy giant FrieslandCampina has booked an increase in first-half profits as sales increased despite tough conditions in Europe. Earnings in the six months to the end of June amounted to EUR138m (US$218.8m), an 8.7% increase on ...
Tags: FrieslandCampina, profits climb, earnings
Lactalis has agreed a deal to buy Australian cheese business Jindi from local FMCG sales and marketing firm Menora Foods. Jindi, which Menora said manufactures "speciality" cheese, will join a Lactalis Australian cheese portfolio that ...
Tags: Cheese Firm, Menora Foods, cheeses
Dutch dairy giant FrieslandCampina is to cut over 200 jobs across its business in Germany. The move is being made in a bid to "improve competitiveness", the firm said today (10 December). The programme will involve the modernisation of ...
Tags: Friesland Campina, job cut, businuss, food industry
Dairy giant Fonterra has lowered its forecast for annual earnings in its next financial year, blaming currency fluctuations and "difficult" trading conditions in Australia and New Zealand. The New Zealand company said today (28 August) it ...
Tags: Dairy giant, Dairy, net profit, Fonterra