Dodla Dairy, a Hyderabad-based dairy company, has reported a profit after tax of INR 1.26 billion in the fiscal year 2021 (FY21) ended 31 March 2021, a 152.6% growth year-over-year (YoY) compared to INR 499 million in FY20. However, the Indian dairy producer’s operating revenue for FY21 fell by 9.1% to INR 19.44 billion compared […]
Hatsun Agro Product, an Indian dairy company, has launched a paneer product under the Arokya brand – Arokya Paneer to expand its dairy product portfolio. The dairy manufacturer said that Arokya Paneer is prepared by using fresh milk procured directly from farmers and also natural lemon. Hatsun Agro Product claimed that Arokya Paneer will meet […]
New Zealand dairy giant Fonterra said that its two joint venture (JV) farms in China are being sold to Singapore-based AustAsia Investment Holdings for a price of $115.5 million. The sale is anticipated to be wrapped up by the end of this month. It is unconditional and doesn’t need any further regulatory approvals. The two […]
French food company Danone said that it has launched the strategic sale of a stake of around 9.8% in China Mengniu Dairy Company through an accelerated bookbuilding process. Mengniu Dairy is a Chinese dairy manufacturer, which trades on the Hong Kong Stock Exchange. The transaction follows the announcement made by Danone in late February 2021, […]
Indian dairy company Hatsun Agro Product (HAP) said that commercial production at its milk and milk products plant in Solapur, Maharashtra, which was newly commissioned. Hatsun Agro Product said that the new dairy factory in Solapur has a milk handling capacity of six lakh liters per day (LLPD). The Solapur milk and milk products plant […]
Borden Dairy, a US dairy processor, has been approved to be sold to Capitol Peak Partners and KKR for about $340 million through a court-supervised sale process. The Texas-based dairy company will come out of bankruptcy following its sale to the two firms. Capitol Peak will have majority ownership of the new dairy company, while […]
Danish dairy company Arla Foods has opened a cheese production plant in Manama, Bahrain to address the growing demands for dairy in the Middle East and North Africa (MENA) region, according to the latest dairy industry news. Arla Foods will invest nearly €50 million ($55 million) in the cheese production factory in the next two […]
Dairy industry news : Baba Ramdev’s Patanjali Ayurved has forayed into cow milk business by introducing cow milk and cow milk-based dairy products while setting its eyes on a target of Rs1000 crore in sales by FY2020. The Haridwar-based Patanjali Ayurved had also tried out packaged drinking water, frozen vegetables, cattle feed free from urea […]
Saputo Murray Goulburn deal : Canadian dairy company Saputo will acquire Australian dairy processor Murray Goulburn Co-Operative for a price of $1.01 billion to consolidate its footprint in the Australian market. Saputo Acquisition of Murray Goulburn The acquisition of Murray Goulburn adds to the recent take over by Saputo of the Warrnambool Cheese & Butter (WCB) earlier in the […]
Prabhat Dairy will invest Rs 140 crore for a new production line for cheese in Maharashtra to tap into the growing demand for the dairy product in the country. The new production line will be commissioned at its dairy facility in Shrirampur in Ahmednagar district. Prabhat Dairy mainly produces three cheese varieties which include mozzarella, […]