Parag Milk to buy Danone’s closed facility to serve northern India

INDIA - Parag MilkFoods on Thursday said it will acquire French food giant Danone’s Indian manufacturing facility for Rs 30 crore (US$4.53 million) The facility at Rai in Haryana’s Sonepat area produces curd, yogurt among other dairy productsand the acquisition is aimed at expanding Parag's presence in the northern part of the country. "North market contributes…

Valio net sales jump 4.3% despite challenging market

FINLAND - Valio, the Finnish dairy manufacturer closed the 2017 financial year with 4.3% increase in net sales to US$2.10billion for the group after being able to pay the co-operatives a steady milk price despite unfavourable conditions in some of the markets. Apart from entering new consumer markets, Valio was able to introduce more than…

Arla introduces cost-cutting program, ‘Calcium’ to save 400m euros

DENMARK - Arla has unveiled a new program, ‘Calcium’, a transformative cost-cutting initiative which it said will enhance efficiency, thus saving more than US$492 million for the next three years. Based on Good Growth 2020 Arla strategy that aims to create value for farmer owners, the company remains committed to strong sustainable growth as it…

A2 Milk Co signs distribution deal with Yuhan Corp in South Korea

SOUTH KOREA - A2 Milk Co, a New Zealand public listed company, has signed an exclusive distribution deal with Yuhan Corp in South Korea, more than a decade after an earlier foray into that country which ended in litigation. According to New Zealand Herald, the Auckland-based, Sydney-headquartered company signed an exclusive sales and distribution agreement…

Bio Foods debuts packaging with less impact, starts package take back program

KENYA  – Kenyan specialty dairy company Bio Food Products has introduced new packaging for its range of long life products, which it says have less environmental impact. The new Bio Fresh Milk bottles are made using 30% less polyethylene terephthalate, or PET. The company has also launched a new 2-litre Bio Fresh Milk bottle, which…

Mars Wrigleys Confectionery expands its Dove Sorbet range with new mango treat

USA - Mars Wrigley Confectionery, a recognized leader in confections, has introduced a new range to its DOVE Sorbet bar range called DOVE Mango Sorbet with Dark Chocolate. According to the company, the new treat blends together the silky smooth DOVE Chocolate with tropical mangos, making it the new ultimate combination of fruit and chocolate.…

Danone reports its first-quarter results with 10.8% increase in sales

FRANCE - Danone, a French multinational food-products corporation has reported its first-quarter results with a 10.8% increase in sales to Euro 6,085 million (US$7,477 million) boosted by its strong performance in infant nutrition foods in China. The company reported a strong start to the year with an increase of 4.9% sales growth and very strong…

Tokyo’s Kaneka Corporation entering Japan’s dairy products market

JAPAN - Pur Natur-Kaneka Corporation, Tokyo based food company is considering entrance into the Japan dairy products business after its affiliate food sales company, Kaneka Shokuhin Co., Ltd began to sell its product ‘Milk for Bread’ in the country. FoodIngredientsFirst reported the company will start to sell butter mainly for commercial use such as bakeries…

Kenyan dairy production increases by 25% to reduce milk powder imports

KENYA – The Kenyan dairy sector has reported a 25% increase in milk production according to the Kenya Dairy Report. Latest industry report by the Kenya Dairy Board covering between January and March indicated the volume of milk has gone up from 47.9 million kilogrammes in January to 60.2 million kilogrammes last month. According to Business…

Fonterra partners with Apollo Foods in new technology to boost beverage market

NEW ZEALAND - Fonterra and Apollo Foods, an innovative start-up company have partnered to launch a new technology capable of running dairy and fruit beverages to boost the beverage industry in New Zealand. They have collaborated to install an innovative beverage filling technology that allows production of different containers on site and fill them with…