News & Analysis on the Dairy Industry & Markets
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.
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.
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).
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.
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.