Breaking News on Dairy Processing & Markets

News > Manufacturers

Campina buys Argentine dairy ingredient maker Inovatech

Campina has bought dairy ingredient producer Inovatech Argentina, signalling the Dutch-owned company's desire to reach further into the global specialized ingredients market, with an particular emphasis on nutrition.

EC president digs heels over agriculture concessions

There is no reason for the EU to put more agricultural concessions on the table at the WTO, according to current EC president Josef Proll.

Boycott legacy hits Arla comeback

Uncertainty continues to hang over Arla Foods in its key Middle East dairy market, after it said sales there have been slow to recover from a region-wide boycott against its...

New proposals ask EU to cut export subsidies sooner

British dairy officials are lobbying the European Union to stick to its 2013 deadline for scrapping export subsidies, after nations outside the bloc called for aid to end faster.

Arla UK sees red as costs soar

Soaring input costs have claimed Arla Foods UK as their latest victim in Britain's dairy industry, sending the group into the red for its first half.

Profit slump blights Dairy Crest brand growth

Brands and a functional food focus helped Dairy Crest to increase sales in 2005, but profits slumped amid rising costs and tough times for the group's milk supply division.

Top dairy firms guzzling EU subsidies, report

Europe's top dairy firms are at the centre of the row over European Union export subsidies, after a new report revealed which UK dairies are lapping up the aid.

Wiseman ups prices to lift dairy profits

An increase in selling prices helped dairy processor Robert Wiseman to begin clawing back lost profits, as the group looks to continue the momentum with more new products and facilities.

Recovery policy pulls Parmalat through

Disgraced Italian dairy giant Parmalat, still suffering from 2003's fraud revelations, has posted a jump in first-quarter income - thanks to CEO Enrico Bondi's recuperation strategy.

San Miguel to focus on growth

San Miguel's chief executive reassured investors on Tuesday by outlining its plans to concentrate on growing sales and sustaining profits over the coming years.

Richmond Foods: latest consolidation casualty

The frozen desserts industry saw further European consolidation as an equity firm swooped in to take Richmond Foods, Britain's largest ice cream manufacturer.

France offers more aid to dairy sector

The French government has set aside an extra €10m to aid consolidation and restructuring in the country's dairy industry so far in 2006, continuing its interventionist strategy for the sector.

European court backs bank in Parmalat dispute

A new European Court of Justice ruling should provide Bank of America with a degree of comfort over its recent travails with Italian dairy giant Parmalat.

EU heeds calls to raise butter export subsidies

The European Commission has raised export subsidies available for butter for the second month running, bowing to pressure from member states concerned at volatile markets.

EC vows to recover misspent CAP millions

A total of € 128.2 million of EU farm money unduly spent by Member States is to be claimed back, following a decision adopted last Friday by the European Commission.

Danone strengthens interest in Algerian dairy sector

Groupe Danone's growing interest in the Algerian dairy market underlines the importance of the North African / Middle East region to European milk processors.

Commission backs Lactalis, Galbani deal

Lactalis has the European Commission's blessing to complete its takeover of Italian cheese producer Galbani, opening up new avenues for the French giant in speciality cheese.

Nestlé outperforms in Q1

Swiss food giant Nestlé has announced a first-quarter sales rise of 14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations and reconfirming its full-year target of a five to six...

Danone cements position as world leader

Number one dairy producer Danone has recorded strong results for the first quarter of 2006, bolstered by a focused leadership and continuing record sales in Asia.

Kraft's tax rebate strengthens finances

Kraft Foods has recorded stable first quarter results, masking falling operating income with a favourable tax settlement and raising prices to combat spiralling production costs.

Nestlé starts health food fund

Nestlé has finalised arrangements for a new fund that will invest in food companies producing for the health, well-being and nutrition sectors, as part of the group's drive to stay...

Danone ups stake in Bright Dairy

Danone, the French yoghurt maker, will pay CNY358 million (€36.8m) to increase its stake in Bright Dairy, China's number three dairy company, to 20.1 per cent.

Revised credit rating underlines Nestlé's strength

Standard & Poor's has revised its Nestle outlook from negative to stable though it warns that its ratings could be lowered in the future.

Danone challenges Yoplait, Glanbia's Essence range

French dairy giant, Danone, has launched an action against Glanbia, Yoplait International and Yoplait Marque Internationales in the Dublin High Court, after alleged infringments on trademark after the launch of...

Fonterra's stake in San Lu given all-clear

Fonterra, the world's biggest exporter of dairy products, said today that it has gained approval from the Chinese government for its purchase of a 43 per cent stake in dairy...

Key Industry Events

 

Access all events listing

Our events, Events from partners...