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Fonterra 2017 revenue up but profits fall 15%

Fonterra has announced its 2017 annual results, which show revenue up to NZ$19.2bn (US$14bn), but net profit after tax dropped by NZ$745m (US$542m), an 11% reduction.


Murray Goulburn struggling to find suitor for buyout

Troubled Australian dairy co-operative Murray Goulburn has called for an end to media speculation over a potential buyout—even calling into question the likelihood of a takeover itself. 

News in brief

CCPR to exercise right to buy Itambé as part of Grupo Lala’s Vigor takeover

In August, Mexican dairy company Grupo Lala, S.A.B. de C.V., announced its acquisition of the Brazilian company Vigor Alimentos, S.A., which includes its shareholding in Itambé Alimentos, S.A....

Savola aims to claw back revenues through Almarai share sale

Savola Group will sell 2% of its stake in the Gulf's biggest dairy company in a bid to shore up its dwindling returns. 

Synlait looks to accelerate infant formula business coming off record FY17

Ownership of the entire value chain and increased demand for higher-margin products in the infant formula market drove Synlait’s FY17 profit margins up 39%, according to managing director and CEO,...

Ripple Foods seeks to disrupt plant-based yogurt category: 'Let's not mince words... some of these products are terrible'

Plant-based Greek-style yogurts from Ripple Foods – slated to hit the market by the end of this year – will have a higher protein content (12g/serving) and superior texture to...

First Milk announces job losses

UK dairy company First Milk announced today that after a review, changes are being made to improve the productivity and efficiency of its Lake District and Haverfordwest creameries with the...

Nutrinor Coopérative receives funds for expansion

Canada’s Nutrinor Coopérative has received C$1m (US$820,000) in financial assistance from Canada Economic Development (CED) for Québec Regions.

Plant to double in size as Müller looks to expand with £100m investment

Müller said it will invest £100m ($113m) over the next three years to develop, manufacture and market a new generation of branded and private label yogurt and desserts products made...

FI Asia 2017

APAC's on trend infant formula ingredients revealed as manufacturers drive digestive health benefits

Digestive health and protein content are the top two priorities for infant formula manufacturers in APAC, leading to a surge in interest in prebiotics, probiotics and oligosaccharides.

Westland shareholders considers governance change

Shareholders at New Zealand’s Westland Milk Products will vote next month on proposed changes to the co-operative’s governance.

San Ignacio S.A.: ‘We would love the US to be our next export market’

San Ignacio S.A. has been increasing its international presence through exports while maintaining brand recognition in its home market of Argentina.

Vegan cheese Vege launches in Finland

ICL Food Specialties and Finnish dairy producer Porlammin Osuusmeijeri have unveiled a cheese substitute, ‘Vege’, which ICL Food Specialties said is designed for flexitarians.

Vitafoods Asia 2017

WATCH: Kefir's CVD and bone health benefits spur Taiwan manufacturer's first international foray

Taiwanese supplement manufacturer Phermpep, which produces kefir-based finished products and ingredients for improved bone and heart health, will launch in its first international markets later this year.

fairlife ultra-filtered milk sales surged 79% in 2016; Core Power and Yup! to be brought under fairlife brand umbrella

Dollar sales of Coca-Cola-backed high-protein milk fairlife grew 79% in 2016, as consumers continued to trade up in the fluid milk category.

News in brief

FrieslandCampina starts construction of distribution center

Construction has started on FrieslandCampina’s new distribution center in Meppel, the Netherlands.

FrieslandCampina taps in to dairy farm solar energy

Henk Kamp, Dutch Minister of Economic Affairs, has given out SDE+ (Encouraging Sustainable Energy Production) subsidies of more than €200m ($239m) for the installation of solar panels at the roofs...

Changes to improve TINE business

Norwegian dairy company TINE said it has introduced significant changes to the company's commercial areas to meet consumer and customer needs.

News in brief

Saputo to acquire Southeast Milk extended shelf-life dairy capabilities

Canadian dairy producer, Saputo, has entered an agreement to acquire the extended shelf-life dairy product capabilities of Southeast Milk Inc. of Florida in a deal worth US$47m (C$59m). ...

Glanbia Co-op members get €92m share windfall

Glanbia Co-operative Society Limited said it has transferred, via a “spin-out,” around €92m ($109m) worth of Glanbia plc shares to more than 14,700 members.

European Commission approves Lactalis acquisition of Omira

The European Commission has announced it has approved, under the European Merger Regulation, the indirect acquisition of the German-based dairy company Omira by French dairy group Lactalis.

Agropur takes over Agrifoods' share in Ultima Foods

Canadian dairy cooperatives Agropur Cooperative and Agrifoods International Cooperative Ltd. have concluded an agreement whereby Agropur will become the sole owner of Ultima Foods Inc.

FrieslandCampina announces 11% revenue boost

According to its first half-year financial report, revenue of Dutch dairy company Royal FrieslandCampina N.V. increased by 10.7% to €6.1bn ($7.3bn).


Monash launches food incubator in partnership with Chobani

Monash University has named Chobani as the first client of its A$3m Food Innovation Centre.

New appointments in dairy for August

August was a busy month for new appointments in the dairy industry.

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