German industry shrugs off rationalisation

Posted 21 November, 2000
Share on LinkedIn

A 9.2% increase in export turnover for the German dairy industry during 1997 nonetheless failed to save 30 milk processing companies which either collapsed or merged during the last financial year.
Latest returns indicate that the German milk industry achieved a turnover of DM 37,800 million (US$21 billion) in 1997, up 1.6% on the year, while dairy exports earned DM 8,300 million (US$ 4.6 billion).
The reduction in processing com-panies only slightly reduced the amount of milk handled in Germany

Read more