Dairy firm Almarai to invest over $4.8 bln under five-year plan
The Middle East’s biggest dairy firm Almarai (2280.SE), plans to spend over 18 billion riyals ($4.8 billion) through 2028 under a new plan aimed at boosting growth while focusing on areas including supply chain capabilities and food security. Saudi Arabia’s sovereign wealth fund, Public Investment Fund, owns a stake of around 16% in the firm through […]
Mother Dairy to invest Rs 750 crore to set up 2 dairy, F&V plants
Mother Dairy will invest Rs 650 crore to set up two new plants for processing of milk as well as fruits and vegetables to expand its business amid rising consumer demand. Mother Dairy, which is a l eading milk supplier in Delhi-NCR, will also invest another Rs 100 crore to expand capacities of its existing […]
Amul’s MD says we are ruthless in protecting our turf
In an interview with CNBC-TV18’s Shruti Mishra, Jayen Mehta, the Managing Director of Amul, shed light on the company’s market dominance, strategic approach to competition, and its unique stance on public listing. Amul, often hailed as the market leader in various dairy product categories, prides itself on not only protecting its turf but also actively […]
Karnataka’s Nandini milk eyes TN market
Following Gujarat-based Amul, Karnataka’s Nandini milk is set to expand its footprint in Tamil Nadu. The entity will soon tie up with manufacturers and individuals here to pack, market and sell dairy products. Karnataka Cooperative Milk Producers’ Federation Limited (KMF), which manufacturers Nandini milk and other dairy products, has advertised that October 20 is the last date […]
Amul planning Rs 800-1,000 crore expansion of ice cream biz
Dairy major Amul is planning to invest up to Rs 800-1000 crore in its ice cream business to double its production capacity by the end of 2023, said GCMMF MD Jayen Mehta. Amul is owned by the Gujarat Cooperative Milk Marketing Federation (GCMMF). How many ice cream units does AMul plan to set up? Amul […]
Nestle aims at expansion of out-of-home consumption
Nestle reported ITS Q2results for 2023, which were in line with expectations. The company achieved double-digit growth across all its products, primarily driven by a favourable product mix, increased volume, and improved pricing. Additionally, during the quarter, the out-of-home (OOH) business experienced rapid acceleration. The gross profit margin (GP margin) expanded by 90 bps (0.9%) […]
ID FRESH EYES US RELAUNCH AND POSSIBLE M&A IN USA
Bengaluru-based ready-to-cook brand ID Fresh Food is looking at strategic acquisitions in the US as it plans on re-entering the market with improved product and packaging. The company, most known for its ready-to-cook batters, is also on the lookout for a country head for the US to oversee its expansion plans in these markets. “We […]
Milkymist plans ₹1,000 crore expansion in the next three years
Milky Mist Dairy Foods Pvt Ltd, a leading dairy based in Erode in western Tamil Nadu, has chalked out a ₹1,000 crore expansion plan in the next three years to double the plant’s capacity and foray into new products like dark chocolate and ice cream. The company, which had already invested ₹550 crore in its […]
KMF to invest Rs 1000 crore for inorganic growth in Maharashtra and Goa
KMF’s Managing Director BC Sateesh said that the co-operative is planning to buy two plants; in Mumbai and one each in Goa and Pune. “The tenders for the acquisition in Mumbai have been issued. We have drawn a Rs 1000 crore expansion plan by acquiring the dairy processing units,” he said. On the spree of […]
