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Dairy firm in $133m Australian expansion

Fonterra Australia is matching its push to secure additional milk volumes with more than $A165 million (US$133m) in capital expenditure at sites in Victoria and Tasmania...

Danone to close Indian dairy production

Danone has decided to close its dairy business in India in order to concentrate on its nutrition portfolio. The business accounts for around ten per...

Food and drink acquisitions at record high

Last year was a record year for food and drink industry transactions, reports consultancy firm Zenith Global, which recorded 727 deals, an average of...

Tine to invest $90m in Irish facility

Norwegian dairy company Tine is to invest €77 million ($90m) in a dairy facility with the capacity to produce 20,000 tonnes of its Jarlsberg cheese...

Ornua’s chief to step down

Irish dairy business Ornua’s chief executive Kevin Lane is to step down in mid-2018, following eight and a half years in the role. Lane, who became...

Arla Foods chairman to retire

The chairman of Arla Foods, Åke Hantoft, 65, has announced his intention to retire in the near future and has put his dairy farm in...

Unilever facing €60m ice cream fine

Italy’s antitrust authority has handed Unilever a €60 million ($71m) fine for allegedly abusing its position in the market for packaged ice-cream through its Algida...

Kiwi dairy founder to step down

New Zealand company Synlait’s founder John Penno is moving on after 12 years building the dairy firm. Penno is looking to leave within the next year but will...

Restructuring seeks to arrest sales drop in Nampak’s plastics business

Reduced demand and tough trading conditions in its Plastics division contributed to a fall in sales at South African converter Nampak for the year...

FrieslandCampina to close German dairy plant

Dutch company FrieslandCampina is to close its Gütersloh, Germany dairy plant, which will impact 231 jobs. Calling the move a “comprehensive reorientation in the German...

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