The company also has been recognized for establishing the Yili Future Intelligence and Health Valley in Hohhot, Inner Mongolia, which will become China’s first five-star project for carbon neutrality. By the end of 2021, China’s Ministry of Industry and Information Technology had
Nestlé, the world’s largest food and beverage company, has inaugurated a new production line at its Villa Nueva factory in the province of Córdoba, Argentina. The project will allow Nestlé to start production of liquid milk, in added-value segments. The project investment
Both Q3 and Q4 of 2018 underperformed for Dean Foods, with flat sales and high operating costs. It closed facilities and reorganized its business, which caused the company to post a $326.9m income loss in 2018. It decided to look into several
Dutch-based global dairy producer Royal FrieslandCampina N.V. is looking into building a sustainable dairy processing plant in the Netherlands. The plant would be used for the processing of the cooperative’s members’ milk into fresh dairy products, ingredients for the production of early
A disappointing fourth quarter for Dean Foods rounded out an under-performing 2018, causing the dairy giant to explore alternatives in its ‘business transformation.’ It is considering a joint venture, business combination or even a sale. When comparing both fourth quarter numbers and
General Mills is focusing on ‘restructuring actions’ in its yogurt business and closing a facility in Carson, Calif. The company also reaffirmed its end-of-year financial targets at an investor conference in New York. The General Mills fiscal year ends in May, and
In 2015, Finnish dairy cooperative Valio was the first company in the world to start using plant-based cartons. It announced that by the end of 2018, all components of its gable top milk, sour milk, cream and yogurt cartons sold in Finland
The DMK Group, Germany’s biggest dairy cooperative, has officially opened its €145m ($164m) baby food production facility in Strückhausen in Wesermarsch. The converted former DMK dairy plant, when fully commissioned, will produce up to 40m kg of GM-free milk per year of
The move is in line with the company’s strategy over the past three years to exit non-core areas and refocus on its core businesses, including investments in origination markets and expansion along the value chain in its key product lines. Federico Cerisoli,
