Arla Foods bolsters net-zero campaign with new US$4.6B investment in sustainable dairy production

DENMARK – Dutch multinational dairy cooperative, Arla Foods has unveiled a five-year strategy to bolster its commitment to become a net-zero business by 2050.  The farmer-owned dairy cooperative said it is prepared to increase its investments by more than 40% to over €4 billion (US$4.6 billion) in the next five years to support sustainable dairy across its value chain.  The investment, according to Arla, will be channeled to sustainability initiatives, digitalization, new production technologies, and product development.   Arla has also announced a new retainment policy allocating a higher additional payment…

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USAID backs Senegalese dairy processor La Laiterie du Berger to boost production capacity

SENEGAL – The United States Agency for International Development’s (USAID) West Africa Trade & Investment Hub has awarded a US$518,000 co-investment grant to La Laiterie du Berger, a company that manufactures dairy products from locally produced milk in Senegal. The grant will allow the company to source milk from 1,150 new herders and further its efforts to reduce the country’s dependence on imported milk. In Senegal, nearly 90 percent of marketed milk is imported, typically in the form of powdered milk. But 30 percent of the Senegalese population are dairy…

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Yili beats expectations to register 30% growth in 9-month profits, commits to protect biodiversity in China

CHINA – Chinese dairy company, Yili has reported a 30% growth in profits for the first 9 months of 2021, outstripping expectations and signaling a new outlook for the company’s growth prospects.  Total operating revenue for the company jumped 15.23% to RMB 85.007 billion (US$13.27 billion) while the company’s net profits grew 31.82% to RMB 7.967 billion (US$1.24 billion), a press statement from the company revealed.   During the 3 quarters of the year, Yili stood out as the pacesetter in China’s dairy market with its liquid milk and ice cream product…

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Danone chooses James Mayer to head its recently combined UK & Ireland business

UK – French multinational dairy company, Danone has appointed James Mayer as president of its newly-implemented business structure.  The re-structured business now combines Danone’s specialized nutrition, plant-based, dairy, and waters businesses under one leadership team.   The changes are the culmination of Danone’s global Local First project, first announced in November 2020 to help deliver greater business impact and drive sustainable growth.   Danone says that the new structure is designed to ensure that its UK & Ireland business offers a more localized approach that best meets market and consumer needs…

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Yili forays into the infant formula and nutrition with acquisition of stake in Ausnutria Dairy

CHINA –  Yili, China’s largest dairy company, is set to acquire a 34.33% stake in Netherlands-based producer of infant formula brands Ausnutria as a step to move into the infant formula and nutrition product business.  Yili is making the acquisition through its wholly owned subsidiary Hong Kong Jingang Trade Holding Co., Ltd.   Jingang will acquire a total of “531 million shares held by previous shareholders at a price of HK$10.06 per share, which represents approximately 30.89% of the total number of issued shares of Ausnutria,” the company said in a statement. “Ausnutria will issue 90 million…

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Hershey eyes premium milk market with new chocolate milk product

US- Leading American chocolate manufacturer, Hershey is seeking to enter the premium milk market through the launch of a co-branded chocolate milk series with the a2 Milk Company.  The chocolate milk is set to use a 2% reduced fat milk and is scheduled to hit retailers’ shelves beginning in January 2022 in 59 oz refrigerated cartons as well as in 8 oz shelf stable single, 6-pack and 18-packs.  The partnership with a2 brings Hershey into the premium milk space and provides the company with another way to promote its brand name beyond…

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Triballat Noyal expands portfolio with launch of blended milk drink in France

FRANCE – Triballat Noyal, a leading family-owned agro-business company in France,  is launching a new brand of drinks that combines cow milk with plant-based ingredients.  The new drinks are made from 50% cow’s milk, collected from Brittany- France’s northwesternmost region, and 50% plant-based ingredients: oat, almond and hazelnut.  “Being experts in both dairy and plant-based products, this new 50/50 mix offers our consumers a great tasting yet healthy drink,” said Noëmie Buffet, product and category manager at Triballat Noyal.  The new blended milk drinks will be packaged in the convenient,…

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South African artisanal cheese maker Fairview Cheese Company gains equity investment from EXEO Capital

SOUTH AFRICA – South Africa’s leading artisanal cheese producer, Fairview Cheese Company, has welcomed a new partner in its business, EXEO Capital through its newly formed food sector investment vehicle, Nurture Foods. The Fairview Cheese Company was established in 1980 by the Back family and produces more than 50 cow’s and goat’s milk cheese varieties. Without disclosing the invested amount, EXEO Capital revealed that the Back family retain a significant stake in the business following the deal. The partnership will enable Fairview Cheese to expand its artisanal offer and develop…

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Tetra Pak plans US$33.9m investment in South African factory to enhance its sustainability profile

SOUTH AFRICA – Tetra Pak, world’s leading food processing and packaging solutions company, has earmarked R500 million (US$33.9m) investments to upgrade and increase the production capability of its factory located in Pinetown-KwaZulu-Natal, South Africa. This investment reinforces the company’s commitment to the growth and success of the local operation and is a testament to the company’s vision “Make food safe and available, everywhere”. According to Tetra Pak, the upgrade will take place over a period of several years, commencing in the first quarter of 2022. Tetra Pak South Africa, which…

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Dairibord invests US$2 million to double UHT filling capacity of cartonised beverages

ZIMBABWE – Zimbabwe’s leading milk processor, Dairibord Holdings, has invested US$2 million in additional Ultra-High Temperature (UHT) filling and packing equipment, which will double capacity for cartonised beverages by year-end. Recently, the food processing company invested about US$1.5 million into an ammonia plant, which has since been commissioned and the technology was expected to see growth in ice-cream production, improving product portfolio mix and margin performance going forward. In a trading update for the quarter ended September 30, 2021, the milk giant said the business was geared to take full…

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