Dodla Dairy, a Hyderabad-based dairy company, has reported a profit after tax of INR 294 million for the second quarter of the fiscal year 2022 ended 30 September 2021 (Q2FY22), a 31% reduction, compared to a profit after tax of INR 426 million made in the same quarter of FY21. The earnings per share (EPS) […]
Vermont Creamery, a Vermont-based goat cheese, cultured butter, and culinary creams manufacturer, has launched its first Cultured Sour Cream in dairy cases across the Northeast region. The cheesemaker said that the Cultured Sour Cream product has been launched in three flavors — Zesty Cilantro Lime, Savory Fire Roasted Onion & Chive, and Crème-Style Classic. According […]
US cheese manufacturer Emmi Roth has agreed to acquire feta cheese producer Athenos from French dairy giant Lactalis Group for an undisclosed price. Feta cheese is a Greek cheese prepared from the milk of sheep and goats. Emmi Roth, which is part of Swiss milk processor Emmi Group, said that the acquisition will expand its […]
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 […]
Godrej Agrovet Limited said that Godrej Maxximilk Private Limited (GMPL) has become its fully-owned subsidiary after it acquired the remaining 25.1% stake in the latter. The Indian animal feed and agribusiness company had acquired the stake for INR 14.99 crore by subscribing preferential issue. Godrej Agrovet has been allotted 4,41,176 equity shares at a face […]
Hispanic foods company Cacique has officially started construction of an $88 million dairy processing plant in Amarillo, Texas. The new dairy factory will span an area of 200,000 square-foot and is expected to cope up with the growing demand for Cacique’s products across the US. The Amarillo dairy processing facility will produce Mexican-style cheeses, yogurts, […]
Kerry Group has confirmed that talks with Kerry Co-Operative Creameries pertaining to a potential transaction for its dairy-related businesses in Ireland and the UK have been suspended. The company in February 2021 had announced that it is carrying out a strategic review of the businesses, which has activities across taste and nutrition and consumer foods […]
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 […]