Fonterra returns to profitability with 2% rise in sales volume, to sell DFE Pharma stake

NEW ZEALAND – The New Zealand dairy co-operative, Fonterra has reported a net profit after tax of US$54.7 million (NZD 80 million), up 123% boosted by increase in sales volume. In the six months ended January 31, revenue dropped 1% to US$6.63 billion (NZD 9.7 billion), impacted by the Consumer and Foodservice Gross Margin which…

Nestle Ghana records 12.8% growth during 2018 financial year

GHANA - Nestlé Ghana Limited recorded a 12.8% growth in its 2018 financial year across its business supported by strong performance of the company’s downstream distributors This is according to Ms Philomena Tan, Managing Director of Nestlé Ghana Limited, who was speaking during the company’s recently held distributors’ awards ceremony. She stated that the firm’s…

Yili to buy New Zealand’s Westland Co-operative Dairy for US$404m

NEW ZEALAND – Yili group, the state-owned Chinese dairy company has entered an agreement to acquire Westland Co-operative Dairy Company, an independent co-operative dairy company in New Zealand for US$404 million. The conditional scheme implementation agreement was signed by the board of Westland Co-operative and is subject to shareholder approval. “Under the proposed transaction our…

Nestle Ghana commissions an all-female production line in gender empowerment drive

GHANA – Food and drink company, Nestlé Ghana has commissioned a production line to be run and managed by women as part of its gender empowerment initiative. The plant is the first of its kind in the 62 years history of the company in Ghana. According to the Management of the company, aims at is…

Nestle invests US$11.9m in a new liquid milk line in Argentinian factory

ARGENTINA – Nestle Argentina has inaugurated a new liquid milk production line at its factory located in Villa Nueva, Córdoba province after making investment worth US$11.96 million (CHF 12 million). The new line will enable Nestle start production of liquid milk in added value segments in the Argentinian market. The investment includes a new sterilization…

South Africa’s Libstar banks on new food products as revenues surge

SOUTH AFRICA – Libstar, a South African consumer goods manufacturer and distributor, recorded a 12.5% increase in revenues US$684.34 million during its 2018 financial year which the company attributed to the increased innovation during the period. According to a report by Business Daily the Johannesburg Stock Exchange (JSE) listed company, whose brands include Lancewood cheese…

FrieslandCampina, IFDC partner to boost milk production in Nigeria

NIGERIA - FrieslandCampina WAMCO Nigeria has partnered the International Fertilizer Development Center (IFDC), a science-based public organization, in a project that aims to boost milk production for pastoralist milk producers in Nigeria. Through the partnership, the Nigerian subsidiary of the Dutch multinational dairy cooperative will work together with pastoralist milk producers in Oyo State, to…

FrieslandCampina considers building a sustainable dairy plant in the Netherlands

NETHERLANDS – Global dairy producer, Royal FrieslandCampina has announced that it is exploring options to build a sustainable and innovative dairy processing plant in the Netherlands. The plant is intended to process member milk into fresh dairy products, ingredients for early life and adult nutrition, as well as cheese production for the global market and…

Graham’s The Family Dairy debuts new line of high-protein ice cream

UK – The family-owned dairy company, Graham The Family Dairy has launched a new line of high-protein ice cream, Goodness Ice Cream to expand its dairy products offering. The new range provides consumers with a great tasting choice, is lower in sugar and lower in calories, featuring 310 calories per tub. Apart from being a…

Muller enters natural yogurt category with two new variants in the UK

UK – UK’s leading dairy products brand, Muller has launched its ‘first-ever’ line of natural yogurt in the UK, to offer consumers delightful and wide yoghurt portfolio. The new variants, Müllerlight Natural and Müllerlight Greek Style Natural expands the company’s Official Yogurt of British Athletics range into a yogurt category that Muller has been absent.…