French cheese giant Bel Group has made a rare acquisition in an emerging market with a deal to buy a majority stake in Safilait, the third-l...
Multinationals have flocked to the booming dairy markets of the East, attracted by the potential rewards on offer. But in many countries hom...
Multinationals have flocked to the booming dairy markets of the East, attracted by the potential rewards on offer. But in many countries homegrown giants have developed, presenting stiff competition. However, few domestic companies dominate their markets to the extent that dairy processor Vinamilk does in Vietnam. Vinamilk has ambitious goals to grow further - and not just domestically. Dean Best met Nguyen Quoc Khánh, Vinamilk's executive director for R&D and production, at the company's newly-built plant north of Ho Chi Minh City to find out more.
There are challenges, notably in distribution, and the market has some well-entrenched players but Vietnam's dairy sector is growing rapidly and consumption is still below neighbouring countries. Dean Best analyses the market.
High petrol prices and the increasing importance of sustainability has prompted the food industry to try out new - and often innovative - methods of transporting their wares to customers, as well as search for ways to enhance their existing logistical operations. Stuart Todd takes a look at the schemes food manufacturers and retailers have adopted to reduce both their carbon footprint and transport costs.
Over the past six years Syria, once a byword for proto-Soviet state control and autarchy, has opened up its economy and implemented investment laws that allow foreign companies to set up shop. But few multinational food companies have wised up to the opportunities within an emerging market of 18 million consumers. As a result, those that have dipped a toe into the water, such as France's Bel Groupe, have been able to command large slices of the Syrian market. Paul Cochrane reports from Damascus.
French dairy firm Groupe Bel saw sales fall on an organic basis in the third quarter, hit by declines in Europe.
Bel Group has reported higher first-half sales and profits, with the French cheese maker's international reach offsetting stagnant sales in Europe.
This week, Fonterra confirmed it would be axing jobs as part of a review in response to the "volatile" dairy trading environment at present. Campbell acquired Garden Fresh Gourmet as it looks to extend its presence in the packaged fresh category. Elsewhere, Raisio announced it was launching Benecol into China and the US House of Representatives voted to scrap meat labelling laws. We also took an in-depth look at Bel Group's investment in Moroccan dairy Safilait.
French cheese maker Bel has acquired a majority interest in Moroccan dairy firm Safilait from private equity firms Fipar Holding and Sopar.
Hormel Foods' latest move to inject more growth into its business - a move for US organic meats firm Applegate Farms - grabbed the headlines this week. In Europe, France's Groupe Bel struck a deal in Africa and is to take a majority stake in Moroccan dairy Safilait.
French cheese maker Bel reported a 7.5% rise in sales for the first quarter, rising to EUR714m (US$799m).
France-based cheese supplier Groupe Bel saw profits fall in 2014, in part soured by raw material costs in the early part of the year.
Dairy group Bel has said it is catering to the growing demand for adult cheese snacks in the UK with the launch of a a range under its The Laughing Cow brand.
Groupe Bel has said it expects its operating profit to have fallen in 2014 amid high raw material prices and fluctuations in foreign exchange.
French cheese manufacturer Groupe Bel saw sales grow in the first nine months of the year but warned input costs are expected to weigh on profits.
This week, PepsiCo and Mondelez International announced the launch of new facilities in the Middle East. Elsewhere, Nestle formed a new business unit in a bid to leverage its scale. just-food's Dean Best interviewed Chobani Australia MD Peter Meek who said the yoghurt firm's ambitions in the country and in south-east Asia. We also shone the spotlight on the Indian dairy sector in our monthly management briefing. Here is the week in quotes.
Bel, the French cheese manufacturer, today (3 October) formally opened its third plant in the US.
Rising dairy prices have weighed on profits at Babybel and The Laughing Cow cheese maker Groupe Bel.
Groupe Bel, the French cheese maker behind The Laughing Cow and Babybel, has reported a 3.5% rise in first-quarter sales, helped by growth in western Europe and the Middle East.
UK-based confectionery company Tangerine has appointed former United Biscuits CEO Benoit Testard as its new chief executive.
Bel, the French company behind Babybel and Boursin cheese, has posted a 2.8% rise in third-quarter sales.
French cheese firm Groupe Bel has booked an increase in first-half earnings but warned high raw material prices will have a "strong" impact on profits in the second half.
French cheese firm Groupe Bel has reported a dip in first-quarter sales amid challenging economic conditions in western Europe and the geo-political problems in the Middle East.
Groupe Bel has launched a range of Leerdammer 'Toastie Slices' that it hopes will tap into the UK consumer demand for hot snacks.
French cheese maker Groupe Bel has booked an increase in full-year profits, despite a "slowing" European economy and "unrest" in the Middle East.
Few stories in recent months have caused as much comment as the horse meat scandal, which last week deepened with the news Findus lasagne sold in the UK contained the ingredient. Elsewhere, Dairy Crest said potential takeover targets wanted too much money, Nestle found another country looking at the implications of its Pfizer infant formula acquisition and Kraft Foods Group went to court over the Cracker Barrel trademark.
Groupe Bel, the French firm behind products including The Laughing Cow, has snapped up Spanish cheese brand Tranchettes.
The export markets of North America, Latin America and South Africa remain key to growth for Brazilian confectioners, according to the Brazilian Association of Cacao, Chocolates, Candies and Byproducts (ABICAB).
Brazilian flavours in confectionery are key to increasing exports, according to the country's trade and investment promotions agency.
Fromageries Bel SA in Packaged Food (France)
Fromageries Bel should be satisfied with its ongoing growth in France, although it still faces strong challenges such as the ongoing volatility of milk prices, subsequently tough conditions in its dea...
Dairy in Portugal
Dairy in Portugal industry profile provides top-line qualitative and quantitative summary information including: market size (value 2009-13, and forecast to 2018). The profile also contains descriptio...
Chilled Processed Food in France
Chilled processed food is set to achieve mixed results in 2014. On one hand, the category bears the brunt of the on-going effects of the horse meat scandal and the drop of PastaBox and other squared c...
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