Manufacturers

Beyti is 52% owned by Saudia Arabian dairy firm Almarai Company, and 48% by PepsiCo Inc. Pic: ©Getty Images/MidoSemsem

EBRD supports Egypt’s Beyti with $44m loan

By Jim Cornall

The European Bank for Reconstruction and Development (EBRD) is providing Egyptian dairy and juice producer, the International Company for Agricultural Industries Projects, S.A.E (Beyti), with a $44m loan.

Keytone Dairy's new facility remains on schedule for the first half of calendar year 2019.

Keytone Dairy updates on CNCA and construction

By Jim Cornall

New Zealand’s Keytone Dairy Corporation Limited said its CNCA (Certification and Accreditation Administration of the People's Republic of China) registration has been confirmed and is effective until November 2021, while also providing an update...

Fonterra has stopped its global CEO search to review its current portfolio and direction, and appointed its chief operating officer, Farm Source, Miles Hurrell, as interim CEO.

Fonterra opts for interim CEO

By Jim Cornall

Fonterra Co-operative Group has announced Miles Hurrell will take over as the New Zealand cooperative’s interim chief executive with immediate effect, and the search for a new CEO will temporarily be halted.

Local officials and members of partner groups involved with the facility in St. Johns, which will create at least 250 new jobs..

$470m cheese and whey facility coming to St. John’s, Mich.

By Beth Newhart

St. Johns, Michigan, has been selected as the site of a new large-scale cheese and whey facility, Glanbia Nutritionals, Dairy Farmers of America (DFA) and Select Milk Producers Inc. (Select) said in a joint announcement.

Land O'Lakes has held minority equity in Iowa-based Agren since 2016. Pic: ©GettyImages/Sasiistock

Land O’Lakes acquires soil software company Agren

By Beth Newhart

Land O’Lakes Inc. has announced that it has acquired Agren Inc., a company that develops soil health and conservation planning software. It will become a part of Land O’Lakes SUSTAIN, a farmer-focused division of the dairy company.

Future Consumer Ltd is part of the Future Group, which plans to launch 1,100 stores in India this year.

New Fonterra JV looks to Indian market

By Jim Cornall

Fonterra has announced a joint venture partnership with one of India’s largest consumer companies, Future Consumer Ltd, to produce a range of consumer and foodservice dairy products for the Indian market.

HUL currently markets ice creams and frozen desserts under the Kwality Wall’s and Magnum brands.

Hindustan Unilever to acquire Adityaa Milk ice cream business

By Jim Cornall

In India, Hindustan Unilever Limited (HUL) has announced it has signed an agreement with Vijaykant Dairy and Food Products Limited (VDFPL) and its group company to acquire its ice cream and frozen desserts business consisting of its brand Adityaa Milk.

The company is projecting a contraction compared with the previous year of about -1% for net revenue and within a range of -3% to 0% for EBITDA.

Parmalat H1 revenue down but profit grows

By Jim Cornall

Italian dairy company Parmalat S.p.A. has issued its first-half financials, which show a net revenue of €3.03bn ($3.5bn), €240.4m ($278m) less than the first half of 2017.

a2MC has increased its shareholding in ordinary shares of Synlait to 17.39%.

News in Brief

Synlait not concerned by Ebert Construction receivership

By Jim Cornall

New Zealand dairy company Synlait Milk Limited has sought to clarify its arrangements with Tetra Pak and Ebert Construction Ltd in the delivery of two capital projects at Synlait Pokeno and Synlait Dunsandel, following the announcement that Ebert Construction...