Farmer-owned dairy cooperative Arla Foods has set a new target to achieve more than 50% growth across its UK organic retail and foodservice business in the next five years.
In the biggest single investment announced in the Danish-headquartered dairy cooperative’s history, Arla Foods says it will invest more than half a billion euros ($656m) in 2018 to deliver on its 2020 growth ambition.
Arla has delivered its 2015 results, noting a 3.3% decline in revenue, and announcing cost-cutting measures up to 2020, starting with $111.5m (€100m) in 2016.
Arla Foods is planning to cut 500 jobs across its business, as part of structural changes designed to make the business more energy efficient and globally focused.
European cooperative Arla Foods says it will form a new joint
venture with its UK arm to step up investment in its processing
operations within the country.
Arla Foods is establishing a new joint venture with Russian
distribution partner Artis, which will allow it to better tap
opportunities in the country's growing cheese and butter market.
Arla Foods, Europe's second largest dairy company, has signed an
agreement with US-based Integrated Genomics for access to the ERGO
database and genomic discovery system to enhance the company's
probiotic understanding.
Denmark-based Damrow, part of the Carlisle Process Systems (CPS)
group, has installed an 18,000-litre enclosed cottage cheese vat
(ECCV) at Arla Foods' production facility in Skovde, Sweden.
Hopping on board the fast-moving low carb train, Arla Food
Ingredients, the supplier of tooth-friendly sweetener tagatose,
says a new study from Australian scientists confirms the product's
low glycaemic response.
