Big Brands

China Youran Dairy Group Limited debuted on the Hong Kong Stock Exchange last week. Pic: Getty Images/fazon1

Youran Dairy completes Hong Kong listing

By Jim Cornall

China Youran Dairy Group Limited, China's largest integrated upstream dairy player by revenue, debuted on the Hong Kong Stock Exchange on Friday, June 18, 2021.

Located in Kaduna State, the 200-hectare farm, scheduled to open in 2022, will have housing for 400 dairy cows, modern milking parlors and technology, grass lands and living facilities for 25 employees.  Pic: Arla Foods

Arla builds dairy farm in Nigeria to support local milk production

By Jim Cornall

Farmer owned dairy co-operative Arla Foods will build a commercial dairy farm in Northern Nigeria where it will also train and support up to 1,000 local dairy farmers as part of its long term commitment to public private partnerships that support the...

Intelligent robots being used in Yili's liquid milk factory. Pic: Yili

Yili Group explains how it drives dairy innovation

By Jim Cornall

Yili Group will attend the 14th Global Dairy Congress and as the only invited enterprise from China’s dairy industry. On June 22, assistant president Dr Zhanyou Yun from Yili Group will deliver a keynote speech of “Driving Innovation and Branding.”

More accelerated science-driven innovations are expected to be launched in the near future. Pic: Getty Images/fizkes

Nestlé R&D Accelerator sees results with product launches

By Jim Cornall

The Nestlé R&D Accelerator is a global initiative first launched in April 2019 at Nestlé Research in Lausanne, Switzerland. Since then, more than 30 teams have completed the R&D Accelerator program by taking a product from a concept to the store...

Arla has set a climate target of reducing CO2e emissions by 30% in 2030 and has an ambition of becoming carbon net zero by 2050. Pic: Arla

Arla green bonds snapped up

By Jim Cornall

Danish-headquartered dairy cooperative Arla has issued its first green bonds to help finance the transition towards a climate friendly future.

Fonterra chairman Peter McBride says the capital structure review seeks to ensure the sustainability of the cooperative into the future.

Fonterra starts consultation on capital structure options

By Jim Cornall

Soon after requesting a trading halt on the ASX and NZX Main Board, Fonterra has revealed it is starting a consultation process to seek farmer feedback on potential options to change its capital structure to give farmers greater financial flexibility.

Danone's Wexford facility in Ireland. Pic: Danone

Danone issues Q1 results

By Jim Cornall

Danone has published its first quarter of 2021 statement, which shows consolidated sales stood at €5.7bn, down 3.3% on a like-for-like basis, with a 3.7% decline in volume and a 0.3% increase in value.

The company said annual carbon emissions produced by the factory will be reduced by 7%. Pic: Getty Images/ivotheeditors

Westland to invest in carbon emissions reductions

By Jim Cornall

New Zealand’s Westland Dairy Company Limited said it will use co-investment from the Government Investment in Decarbonising Industry (GIDI) Fund to accelerate plans to reduce carbon emissions produced by its Hokitika factory.

The new products are being rolled out first in Malaysia.  Pic: Nestlé

Nestlé launches dairy free Milo in Asia

By Jim Cornall

Nestlé said as consumers in Asia are including more dairy alternatives in their diet, it is launching plant-based versions of some of its brands in the region.

Dairy Dialog 128: Danone, Kerry, Veolia

Dairy Dialog podcast 128: Danone, Kerry, Veolia

By Jim Cornall

This week, we have three interviews on the podcast. We have conversations with Shannon Coco, strategic marketing director, food at Kerry North America, and Logan Cisewski, RD&A senior scientist at Kerry; Tim Duret, director of sustainable technology...

Fonterra reduced the total quantity of coal it uses by 10% when it converted its Te Awamutu site to burn wood pellets. Pic: Fonterra

Fonterra cools on coal

By Jim Cornall

Fonterra said it has been working on its transition to renewable energy and said it can, and will, get out of coal, with a couple of practical constraints, although it admitted New Zealand’s Climate Change Commission's pathway to ending coal use...

Arla is set on becoming carbon net zero by 2050.

Arla ties climate to financial performance

By Jim Cornall

In 2019, Arla decided to have its environmental, social and governance performance (ESG) externally verified. The company said this demonstrates ESG performance and financial performance are equally important.

Since Bel bought it in 2002, Leerdammer sales and earnings have nearly doubled.  Pic: Groupe Bel

Lactalis set to buy Leerdammer cheese from Bel

By Jim Cornall

Bel Group and Lactalis Group said they have begun exclusive negotiations, with Bel Group set to sell Royal Bel Leerdammer NL, Bel Italia, Bel Deutschland, the Leerdammer brand and all related rights plus Bel Shostka Ukraine, to the French dairy giant.

 Fonterra said it expects its earnings performance to come under significant pressure in the second half.

Fonterra reveals Beingmate share sale in financial report

By Jim Cornall

Fonterra Co-operative Group Limited has announced its 2021 interim results, which show a total group normalized EBIT of NZ$684m (US$494m), normalized profit after tax of NZ$418m (US$302m) and a decision to pay an interim dividend of 5 cents alongside...