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Arla to integrate its dairy business interests in Asia

Thursday, 22 January 2015 09:26 Published in News & Updates

Arla Foods is integrating its dairy business operations in China and South East Asia within a new regional market concept called Business Unit Asia. The regional office will be placed in Kuala Lumpur, Malaysia, as of March 1, 2015. The international dairy company is confirming that Asia is vital to its ambitions for growth..Read more

Dairy prices rise again, but payout likely to fall; China property market gains, growth better than expected; IMF downbeat; UST 10yr yields fall; NZ$1 = 76.9 USc, TWI = 79.2

Thursday, 22 January 2015 08:57 Published in News & Updates

New Zealand - Here's my summary of key issues that affect New Zealand overnight with news of another small rise in dairy prices. The overnight Fonterra auction saw prices rise +1% although the important wholemilk powder price was up +3.8%. At the same time the NZ dollar fell a bit more than half a cent so that means that..Read more

F&N to invest RM32.89m to expand in Thailand

Thursday, 22 January 2015 08:31 Published in News & Updates

Malaysia - KUALA LUMPUR, Jan 20 — Fraser & Neave Holdings Bhd (F&N) has set aside 300 million baht (RM32.89 million) in capital expenditure (capex) to support the double-digit revenue growth of its Thai dairy division. Chief executive officer, Lim Yew Hoe, said the amount would be used to expand the company’s production capacity..Read more

Danone agrees to sell Indonesian fresh dairy business

Friday, 28 November 2014 20:15 Published in News & Updates

Indonesia - Danone has agreed to sell its Indonesia fresh dairy business to local food and beverage firm Indofood (ICBP) for a reported 250bn Indonesian Rupiah (US$20.5m, €16.4m). Jakarta-based ICBP announced in an Indonesian Stock Exchange (IDX) filing late last week that it has agreed to buy Danone Dairy Indonesia..Read more 

China's largest dairy company opens NZ factory

Wednesday, 26 November 2014 09:37 Published in News & Updates

China's largest dairy company is looking to New Zealand's greener pastures to help it meet growing demand for milk powder. The company has today officially opened its $236 million factory near Glenavy in South Canterbury, and announced a major expansion worth hundreds of millions of dollars..Read more