All news articles for February 2019

Arla Foods CEO Peder Tuborgh, Chairman Jan Toft Nørgaard and CFO Natalie Knight answer questions at the 2018 annual results press conference.

Arla pays out all 2018 profits to farmers

By Beth Newhart

In its 2018 wrap-up report, Arla Foods announced that it would pay out its full net profit for 2018 of €290m ($329m) to farmers. It also discussed the progress of in-house cost-savings program Calcium and pending sustainability efforts.

General Mills expects the plant closure to cost roughly $130m.

General Mills to shutter yogurt plant in California

By Beth Newhart

General Mills is focusing on ‘restructuring actions’ in its yogurt business and closing a facility in Carson, Calif. The company also reaffirmed its end-of-year financial targets at an investor conference in New York.

The infant formula market is expected to be worth around $32bn by 2023. Pic: ©Getty Images/magone

Melamine 10 years on: Foreign and ‘foreign’ firms vie for position

By Richard Whitehead

A decade after the first convictions were handed down to figures at the center of a tainted infant milk powder scandal that rocked consumer confidence in Chinese domestic dairy products, how have local firms clawed their way back and what have foreign...

NMPF writes letter of support to Chobani in plant-based debate

By Beth Newhart

National Milk Producers Federation (NMPF) president and CEO Jim Mulhern wrote a letter this week to Hamdi Ulukaya, CEO of Chobani. It expressed support of Chobani’s position in the ongoing debate of plant-based foods using dairy terms in labeling.

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