On March 24, the Hong Kong Stock Exchange postponed the trading in shares of China Huishan Dairy Holdings Company Limited after an 85% drop of its share price.
Davisco Foods International, an international dairy food and ingredient company based in Minnesota, has been issued a $150,000 civil monetary penalty for failure to register with the US Commodity Futures Trading Commission (CFTC) as a Futures Commission...
FrieslandCampina WAMCO Nigeria PLC and Sahel Capital Partners & Advisory Limited (SCPAL) have signed a Memorandum of Understanding (MOU) to collaborate on the Nigeria Dairy Development Programme (NDDP).
John Spark has been named to replace outgoing chairman Philip Tracy at beleaguered dairy co-operative Murray Goulburn after weeks of boardroom turbulence.
If anyone is doubting protein’s staying power as a sought-after call-out on packaged products, let the growth of Powerful Yogurt (soon to be just Powerful) be an indicator.
Swiss dairy company Emmi has released its year-end results, which showed earnings before interest and taxes (EBIT) rose by 7.3 % to CHF 202.7m ($204.2m).
Fonterra ended the first half of its 2017 financial year with revenue up 5% to NZ9.2bn (US$6.5bn) on the same period last year, and net profit after tax up 2%.
With frozen yogurt sales still “tanking,” retailers are increasingly turning their attention to ice cream products that offer similar benefits (more protein, less sugar and fat), but truly deliver on taste and texture, says Santa Barbara-based ProYo,...
Revenues at Hong Kong-listed infant nutrition company AusNutria soared by 30.3% to RMB2,740.3 million (US$396 million) for 2016, despite intense market competition, most notably due to new regulations in China.
This could be as close to guilt-free that ice cream is ever going to get: Researchers have revealed that fortification with chia seed oil ramps up omega-3 levels while maintaining taste and texture.
Wyoming-based Brewista has launched a patented appliance called NutraMilk that can produce two liters of additive-free nut milk in seven to 12 minutes.
Yoplait has been surpassed in the US yogurt market by privately-owned Greek yogurt maker Chobani, with Dannon representing the top yogurt brand in the US with a 34% market share.
While its compatriots in the plant-based beverage sector have argued pretty strongly that consumers are not in the least bit confused by the use of dairy-derived terms (notably, ‘milk’) to describe nut-, seed-, or legume-based products, nut-fueled brand...
Medina Dairy, a UK supplier of fresh milk, dairy and bakery products to the retail, convenience, wholesale and foodservice sectors has started a £3.5m ($4.3m) development program to upgrade its Watson’s Dairy plant in Hampshire.
Coca-Cola, Mars, Mondelez, Nestlé, PepsiCo and Unilever will add nutrition logos modelled on the UK’s traffic light label to their European portfolios. However, critics have slammed the use of portion size as a reference.
Arla Food’s board of representatives has voted to distribute €124m ($131m) to its farmer-owners as the annual supplementary payment, also known as the 13th payment. On average, that amounts to one eurocent per kilo of milk supplied by each farmer.
Lait Kaiser and Cult Yogourt of Quebec have purchased the assets of Chagnon Dairy, a local creamery and milk brand, to help strengthen manufacturing of Lait Kaiser to expand Cult Yogourt’s portfolio to include more innovative dairy products.
Norwegian company Orkla Food Ingredients (OFI) has signed and closed an agreement to acquire 100% of the shares in the Netherlands sales and distribution company Laan Heiloo B.V.
Through its Nutritional Foods arm, Japanese dairy giant Morinaga is entering the US dairy market with the launch of its ALOVE aloe vera yogurt, which will debut at the Expo West trade show in Anaheim, CA.
YaÜ Vietnamese yogurt may be the next newcomer to the dairy aisle after the start-up raised more than triple their Kickstarter fundraising goal of $10,000.
Dairy industry boardrooms have seen some turbulence over the last week, with two majors announcing widely differing commercial fortunes, and one formula maker facing the future with a very different board.
An extraordinary general meeting held February 28 at Bellamy’s Australia Limited to consider resolutions to remove four of the company’s directors resulted in major changes at the company.
Atlanta-based Hi-Tech Pharmaceuticals is taking over a former Dean Foods production facility in Belleville, Pennsylvania, and will make a multi-million investment to increase capacity and make improvements to the plant’s infrastructure.
Danish dairy co-operative Arla Foods has released its 2016 financial results, which show a decline in revenue as a result of the global price environment, but due to moving more milk from bulk to brands, net profit grew 20.7% to €356m ($374m).
The board of the Irish food and ingredient manufacturer has chosen Edmond Scanlon, the current chief executive of the group’s Asia-Pacific operations, to become the new CEO.
Dairy cooperative TINE SA has contacted the Norwegian authorities after a report in a local newspaper Dagens Næringsliv (DN) claimed to have exposed an improper supplier relationship between TINE and Tetra Pak.
Company to sell 60% stake in Dairy Ireland to Irish co-op
Glanbia reported better than expected growth in 2016 with performance nutrition driving revenue and profits, said the firm as it announced the part sell-off of its Irish dairy business.
Mexico-based Grupo LALA registered a 14.6% sales increase for the fourth quarter of 2016 posting $720m (14.5bn pesos), up from $620m (12.5bn pesos) for the same period last year.
Hong Kong’s Vitasoy Group (Vitasoy) and Universal Robina Corporation (URC) in the Philippines have established a joint venture to explore the potential of plant-based sustainable beverages in the Philippines.
Around 80% of La Colombe’s Draft Latte product is milk, so why not place it in the dairy section? That’s what ran through the mind of EVP of sales Kyle O’Brien, and retailers are going with it.
Dean Foods saw an 0.8% decline in fluid milk volume sales during Q4 and a 2.1% decrease for the full-year 2016, mirroring a similar trend reported by the USDA, which showed a 1.25% decline in volumes of fluid milk during the fourth quarter of 2016.
A 34% rise in net profits for French dairy and nutrition giant Danone was backed up by the announcement of a €1 billion efficiency program as the firm continues its transition over the next four years.
Typically considered smooth and creamy, the idea for most Americans that ice cream also could be chewy might seem like a stretch – and it is. Literally.
Latvia-based Food Union Group, an international group of dairy and ice cream producing companies in Northern Europe, has received a combined $225m investment from Asian private equity firm PAG, and Meridian Capital, an existing investor.
Prairie Farms Dairy has announced that its $8.7m 22,500-square-foot expansion investment at its Fort Wayne, Indiana, facility is under way, with construction beginning in April 2017 and taking an estimated 18 months to complete.
Reckitt Benckiser Group plc (RB) has signed a merger agreement with Mead Johnson Nutrition Company (Mead Johnson) under which Mead Johnson shareholders will receive $90 in cash for each share of common stock, valuing the total equity at $16.6bn.
Dubai Investments PJSC has announced that its wholly-owned subsidiary Dubai Investments Industries has divested its 100% stake in Marmum Dairy Farm and its distribution unit United Sales Partners (USP) LLC to UAE-based Elite Agro LLC, a subsidiary of...
