investment
TurtleTree Labs raises $6.2 million in Pre-A funding round
Investment from Green Monday Ventures, Eat Beyond Global, KBW Ventures, and Verso Capital will allow biotech company TurtleTree Labs to expand its focus into functional components in milk.
Emmi rebuilds in Emmen
Emmi is investing CHF50 million (€45.3m) in its location in Emmen, Switzerland.
Ornua Foods UK announces £3m investment in cheese packing facility
The investment will see the installation of an additional high-speed cheese slicing line as well as further expansion of Ornua’s cheese grating capabilities.
Lacthosa helps out in Honduras
In the wake of the pandemic, Lacthosa, a Honduras-based company producing and distributing milk, juices and beverages, undertook a series of actions in order to sustain its operations, and support national efforts to contain the epidemic in Honduras.
First Milk releases annual report showing strong performance
First Milk has published its Annual Report and Accounts for the year ending 31 March 2020, which reports a year of progress, delivering growth, investment and improved member returns.
Uelzena has a record 2019
Turnover of €705 million generated in 2019 is the highest reported by Germany’s Uelzena Group since its foundation.
Hochwald reports stable 2019 figures and widens the gap from the average German milk price
German dairy co-operative, Hochwald, has released its annual financial statements, reporting high investment levels and a significant increase in equity.
Palsgaard invests €100 million in Danish facility
Emulsifier manufacturer, Palsgaard A/S, has announced its investment of 750 million Danish Kroner (€100 million) to more than double production capacity at its Danish facility by 2024.
Investments and grants
There have been many positive news stories from the past week about investments and grants that will benefit dairy farmers across the UK, Ireland and Europe.
Graham’s The Family Dairy’s investment in bioenergy is a first for Scottish dairy
Graham’s The Family Dairy has announced plans for a low carbon heat project at its facility in Fife, which will position the area at the forefront of innovative decarbonisation solutions for the food and drink sector.
Lancashire Farm Dairies announces one million-pound investment
Rochdale based yogurt brand, Lancashire Farm Dairies, has announced a one million-pound business investment which will incorporate advanced technology and robotics into its manufacturing plant.
DFI UK announces bigger ever UK investment for Leeds site
Leading cheese supplier Dairygold Food Ingredients UK Ltd (DFI UK) is preparing to invest £4.5m into a significant enhancement of its Leeds facility in Swillington.
Arla invests in mozzarella
Arla is investing €80 million to more than double the production of mozzarella at its Branderup Dairy in Denmark, following increasing global demand.
Business & trade, Dairy processing, End products, Sustainability
Arla Foods opens new cheese production site in Bahrain
Arla Foods has inaugurated a state-of-the-art cheese production site in the Kingdom of Bahrain to support the increasing demands for dairy in the Middle East and North Africa (MENA).