All news articles for September 2019

Loss of Jarlsberg exports contributed to the weaker results.

Weaker results for TINE

By Jim Cornall

Norway’s dairy cooperative TINE has announced job losses as its operating profit for the second quarter is down approximately 25% on the previous year.

The Almarai plant at Al Kharj.

Almarai gets $100m EBRD loan

By Jim Cornall

The European Bank for Reconstruction and Development (EBRD) has given a $100m loan to Saudi Arabian dairy company Almarai.

The former co-CEOs plan to ‘stay close’ to the brand as board directors and investors, working on innovation and brand storytelling.

Yasso opens new HQ in Colorado with fresh leadership

By Beth Newhart

As a Greek yogurt-based ice cream alternative, Yasso has grown to be a nationally distributed better-for-you dessert. Now the brand is handing off its leadership to a new management team and opening a headquarters in Boulder, Colorado.

Fonterra said it will build on its foodservice business in China.

Fonterra announces record loss and new strategy

By Jim Cornall

Fonterra has announced its FY19 annual results, the final milk price for the 2018/19 season, a new strategy and changes to its operating model and management team.

Clover has been selling products in South Africa since the late 19th Century.

Milco/Clover merger approved after improvements made

By Jim Cornall

South Africa’s Competition Tribunal has approved the merger of Milco SA (Pty) Ltd and Clover Industries Ltd, subject to employment, local procurement of bulk juice concentrate, and information sharing conditions.

Currently there are between 2m and 3m Arla milk crates in use in Denmark.

New Arla black milk crates are more green

By Jim Cornall

Arla’s new milk crates in Denmark may no longer be the traditional green color, but the new black containers will be more ‘green,’ as they are more environmentally friendly.

The new lines will have more modern technology and have a faster filling speed.

news in brief

Nestlé invests in Spanish condensed milk factory

By Jim Cornall

Nestlé has confirmed it will invest nearly €1.9m ($2.1m) in the construction of two new filling lines at its condensed milk factory located in Pontecesures (Pontevedra).