View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
December 9, 2020

Arnott’s eyes export markets with Australia soup investment

Arnott's, the Australia-based food group, has set out plans to invest in a soup factory, with an eye on ramping up exports from the plant.

By Dean Best

Arnott’s, the Australia-based food group, has set out plans to invest in a soup factory, with an eye on ramping up exports from the plant.

Free Report
img

VC funding trends to watch out for in Consumer

Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
by GlobalData
Enter your details here to receive your free Report.

The company, acquired by private-equity firm KKR after a deal with Campbell Soup Co. last year, owns snack brands including TimTam but also has the manufacturing licence for Campbell’s products in Asia Pacific.

Arnott’s is spending close to AUD8m (US$6m) on upping production volumes at its plant in Shepparton in south-eastern Australia despite stagnant domestic demand.

“We are proud that this iconic plant in regional Victoria will drive more Australian exports to Asia. We plan to be a regional powerhouse of food brands based in Australia, and today, Shepparton brings us closer to that goal. Declining domestic demand for soup products had meant our Shepparton plant was under-utilised. This upgrade also secures the plant’s medium-term future,” Arnott’s CEO George Zoghbi said.

The new volumes destined for export markets has started. Soup previously made at Campbell Soup Co.’s US plants and sold in Asia will be made at the Shepparton site. By June, the factory will be able to produce soup in larger cans. More investment is lined up in areas such as the production of non-canned lines like stocks.

Arnott’s said the project will increase production at the plant by 30%. The local team will take over preparation of Campbell’s soups and stocks for export to new markets including Singapore, Philippines and Thailand, as well increasing shipments to existing markets Hong Kong and Japan over the next year. These products are manufactured overseas within Arnott’s “global sourcing network”, the company said in a statement.

Related Companies

Free Report
img

VC funding trends to watch out for in Consumer

Consumer industry investors across the world are betting big on the ESG trend to pick up in the future and are focusing on backing the start-ups and emerging companies working in the meat-alternative products category.   The top two deals in this category were the $500 million investment raised by Impossible Foods and the $347 million investment deal for Future Meat Technologies.  GlobalData’s Venture Capital Investments – Consumer 2021 will help you dive into the capital raising landscape across regions and themes.  Use the report to identify emerging signals and trends across Consumer, formulating winning strategies for the road ahead.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food