Fonterra invests in Lithuanian dairy producer Rokiskio Suris

LITHUANIA – Fonterra, New Zealand’s dairy company, has invested US$8.26 million in Lithuanian dairy producer Rokiskio Suris, where it has bought more than 3.58 million shares. The investment had been under negotiation for a while, with Rokiskio issuing statement that Fonterra would recover any losses if it withdrew from the planned share issue by November.…

Fonterra Brands launches Anchor Life low fat milk powder in Sri Lanka

SRI LANKA - Fonterra Brands Sri Lanka has launched its latest dairy innovation called Anchor Life low milk powder, specially formulated to focus on heart health and improve consumer life. Anchor Life low milk powder, has plant sterols that help reduce blood cholesterol and provides Omega-3 fatty acids, dietary fibre and vitamins and minerals responsible…

Danone launches new yoghurt portfolio in France

FRANCE – Danone has launched a new yoghurt portfolio in France, introducing a range of new yoghurts as part of a reinvention in order to reverse the decline in the country’s yoghurt category. The new range offerings include a range of all-natural and whole-milk yoghurts under the Danone brand, which will be available in both…

Danone invests in French organic baby food start-up Yooji

FRANCE – Danone Manifesto Ventures has announced its investment in the French organic food start-up Yooji, the value of which has not been disclosed. The investment highlights Danone’s response to a consumer shift towards healthy living as their tastes are drawing the company interests towards the food and manufacturing industry, to promote healthy lifestyles. However,…

FrieslandCampina CEO resigns, appoints CFO to role

NETHERLANDS – Netherlands-based Royal FrieslandCampina, one of the world’s leading dairy companies and the parent company of FrieslandCampina WAMCO in Nigeria, has announced that its Chief Executive Officer (CEO), Roelof Joosten will step down on 1 January 2018, and to be succeeded by Hein Schumacher, the company’s current Chief Financial Officer (CFO). Roelof has been…

Synlait sets up R&D centre, to enter consumer markets

NEW ZEALAND - Synlait Milk is establishing a research and development centre with an initial investment of US$7million, as part of its new drive towards product development, process technology and packaging. The B2B manufacturer announced that it plans on entering the market for branded consumer products for the first time since it always had focused…

Fonterra increases annual revenues as profits decline

NEW ZEALAND – Fonterra, the world’s largest cooperative that processes milk and dairy products, has released its annual results which show a 12% increase in its revenue to US$17.6 billion, but with an 11% drop in its net profit after tax of US$682million due to lower margins. The giant dairy company however said it was…