News & Analysis on the Dairy Industry & Markets
Italian dairy company Parmalat’s net revenue for the financial year ending December 31, 2015, rose from $6.08bn (€5.5bn) to $7.1bn (€6.4bn), however, profits fell from $228m (€205m) in 2014 to $164m (€147.6m).
Promasidor Nigeria Ltd (Promasidor), which manufactures powdered milk, food seasoning and packaged tea leaves, has applied for a $25m loan to modernize its plant in Lagos, Nigeria, to start operations in 2017.
Nestlé announced Thursday it will invest more than $27.6m (€25m) in an expansion of its Research and Development Centre in Askeaton, Ireland.
Swedish probiotic leader Probi has licensed two strains from fellow Swedish firm Probac with dairy and functional food applications in mind.