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China's Fuyuan to Acquire Majority Stake in Burra Foods

May 9, 2016

Australian dairy processor Burra Foods has signed an agreement with dairy farming company Inner Mongolia Fuyuan Farming, allowing the company to gain a majority shareholding in it. The move is part of Burra's growth plans to improve ...

Tags: Burra Foods, dairy processor

Murray Goulburn To Set Up $300m Infant Formula Processing Plant In Koroit, Australia

Mar 22, 2016

Australia-based dairy company Murray Goulburn (MG) is partnering with Indonesian health and infant nutrition company Kalbe Nutritionals and US-based Mead Johnson Nutrition (MJN), to set up $300m infant formula processing facility at Koroit ...

Tags: MG, Kalbe Nutritionals, MJN, Nutrion infant powders

Murray Goulburn Not Immune to Low Dairy Prices

Mar 13, 2016

Murray Goulburn says it is feeling the impact of a troubled dairy industry, revealing a slump in net profit to shareholders. The dairy company, which owns the Devondale brand, announced a net profit of only AUD$10 million for the six ...

Tags: low milk prices, Murray Goulburn

DSM Gains Validation for Delvotest T Testing Tool to Detect Antibiotic Residues in Dairy Products

Feb 3, 2016

Dutch-based life sciences company DSM Food Specialties has gained validation for its testing tool Delvotest T, which helps detect up to 27 antobiotic residues in raw milk and dairy ingredients such as milk powders. A report published by ...

Tags: Dairy Products, Testing Tool

Nestle Zimbabwe Commissions Milk Powder Plant for Enhanced Production Capacity

Dec 8, 2015

Nestle Zimbabwe has commissioned a milk powder plant following its $8m renovation in order to increase production capacity. The refurbishment has enhanced the plant's capacity from 900kg to 1,600kg for creamer and from 900kg to 1,500kg ...

Tags: Milk Powder, Nestle

Prabhat Dairy to Allocate $27.9m to Pare Down Debt

Sep 1, 2015

India-based dairy company Prabhat is planning to improve its net profit in 2015-16 by using INR1.85bn ($27.9m) out of its INR3bn ($45m) public issue to reduce debt. The company, which recently ventured into value-added products such as ...

Tags: condensed milk, milk powders

Germany-Based Optima Packaging Group Has Developed a New Modular Carton Cans Line

May 18, 2015

Germany-based Optima Packaging Group has developed a new modular carton cans line that provides benefits in logistics. The new Inline Cans can be made, filled and closed in a single process, avoiding the transport of empty cartons to ...

Tags: Optima Packaging, Carton Can Line

Fonterra Agreed to Acquire 18.8% Stake Worth $561.32m in Chinese Infant Formula Manufactur

Mar 17, 2015

New Zealand based dairy co-operative Fonterra has agreed to acquire 18.8% stake worth $561.32m in Chinese infant formula manufacturer, Beingmate Baby & Child Food Company. The co-operative group has purchased 192.4 million shares in ...

Tags: Fonterra, dairy Food

Parmalat Australia Has Signed an Agreement to Acquire Longwarry Food Park

Dec 23, 2014

Parmalat Australia, a subsidiary of Parmalat, has signed an agreement to acquire Longwarry Food Park, which specialises in the production of milk powders, cream cheese, plus fresh and UHT milk products. The stipulated enterprise value of ...

Tags: milk products, cream cheese, Agriculture

Parmalat Australia Has Agreed to Acquire Longwarry Food Park for $67m

Dec 23, 2014

Parmalat Australia, a subsidiary of dairy firm Parmalat, has agreed to acquire Longwarry Food Park for $67m. An agreement to this effect was signed by the company. Longwarry Food Park, which operates in the state of Victoria, ...

Tags: milk, dairy products, fruit beverages, Agriculture

GII to Open New Milk Protein Facility to Process Milk From Neighbouring Counties

Dec 15, 2014

Glanbia Ingredients Ireland (GII) is planning to open a new milk protein facility on its existing site in Virginia, County Cavan, Ireland on 15 December 2014. The new facility will process milk from neighbouring counties, on both sides ...

Tags: Glanbia Ingredients, Milk Protein

GII to Inaugurate New Milk Protein Facility to Process Milk From Neighbouring Counties

Dec 12, 2014

Dairy ingredients firm Glanbia Ingredients Ireland (GII) will inaugurate a new milk protein facility on its existing site in Virginia, County Cavan on 15 December 2014. The new facility will process milk from neighbouring counties, on ...

Tags: Milk Protein, nutrition, Agriculture

Devondale Murray Goulburn Has Invested $17.5m in The Expansion of Its Koroit Facility

May 28, 2014

Australia’s dairy food company Devondale Murray Goulburn has invested A$19m ($17.5m) in the expansion of its Koroit facility, in a move to cater to the growing demand for infant formula powder. The Koroit site currently produces ...

Tags: dairy food, Murray Goulburn

Dairy Businesses Have Coped Differently with 'difficult' Market Conditions

Feb 27, 2014

February 24, 2014 Sophie Langley Australian-based dairy businesses have coped differently with 'difficult' market conditions Food and beverage company Lion has announced its Dairy and Drinks business experienced “significant ...

Tags: Bega, Lion Dairy, WCB, RTD

Land O'lakes' 2013 Annual Sales and Net Earnings Are Reported

Feb 27, 2014

Land O'Lakes, Inc., today announced record annual sales of $14.2 billion, up 4.4 percent from the prior year, and record net earnings of almost $306 million, a 27 percent increase over the prior year. The strong 2013 results continue a ...

Tags: Land O'lakes, Annual Sales

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