CHINA/EUROPE: Arla in milk powder joint venture in China
Danish-Swedish dairy firm Arla Foods has said it has signed a joint venture for the production of milk powder in consumer packs for the Chinese market with China Mengniu Dairy Company.
With effect from 1 October 2005, Arla Foods and the Chinese dairy company will set up a joint venture in which Arla has a 49% stake and Mengniu owns 51%.
"The move into the Chinese market is an excellent example of a combination of export and local production of retail packed milk powder," said CEO Peder Tuborgh, Arla Foods. "At the same time it is important for us to replace bulk production with several added value products for the benefit of our co-operative members."
As milk powder in consumer packs is a strategic core business for Arla Foods and as China is the world's largest market for consumer packed milk powder, Arla Foods said it has a natural interest in the potential within this market, which is showing clear signs of growth. The increasing imports of milk powder have been a further factor.
The joint venture will undertake local production of milk powder as well as distribution in consumer packs and will also handle imports and distribution of added value Scandinavian produced milk powder. The company is expected to gain a strong position in the Chinese market.
Companies: Arla Foods
Danish based dairy company Arla Foods is considering whether to enter the Chinese market, whether through its own production, or a joint venture, according to a report in the daily Boersen quoted by t...
Danish based dairy company Arla Foods said that after meetings between group executives and the management of the group's divisions and staff, it has found ways to cut costs by 487m kroner (US$78.9m) ...
Denmark-based dairy giant Arla Foods has said group director Peder Tuborgh was named as the new managing director of Arla at a meeting in Copenhagen this week....
A group of Danish danish companies and scientific institutions are joining forces in a new research centre aimed at research and development within the field of healthy and safe foods, dairy group Arl...
Dairy company Arla Foods UK plc today (Friday) reported that results for the six months to 31 March 2005, were in line with its expectations and business plan....
Danish based dairy company Arla Foods is opening a new representative office in Hungary....
Dairy company Arla Foods has sold the remaining part of the buildings that belonged to the now defunct Borgholm Dairy on the island of Øland in Sweden for 6.5m Swedish kronor (US$894,000) to the energ...
Greek milk processors should have the exclusive right to the use of the name 'feta' for cheese, according to the advocate general who advises the EU's Court of Justice....
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Quorn CEO sets out stall for 2017 - interview
- How Tyson's new CEO plans to grow the meat group
- Mondelez goes beyond certified cocoa - analysis
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti