FrieslandCampina is cutting nearly a thousand jobs because of the coronavirus crisis. Employees in the Netherlands, Belgium and Germany are particularly affected.
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Food multinationals are not doing enough to make their products more healthy, according to Access to Nutrition Foundation. Nestlé, Unilever and Danone are top of the class.
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FrieslandCampina acquired all of Chinese Friesland Huishan Dairy’s shares, a joint venture it co-created in 2015 with China Huishan Dairy. It will now become a subsidiary of the Dutch dairy company.
Despite turnover at dairy manufacturer FrieslandCampina growing 10 % in the first half of 2017, its profit only grew 1.3 % compared to the year before. Price hikes lifted turnover, but problems in China lowerd profits.
Dutch dairy company FrieslandCampina has sold its fruit juice division, which also contained the Appelsientje brand, to investment firm Standard Investment. The acquisition fee was not disclosed.
FrieslandCampina has acquired 51 % of Engro Foods Limited, the second largest dairy producer in Pakistan. It enables the company to take a major leap forward in Central Asia.