:. Food Industry News



This is a portion of our archives. Full and unlimited access to our complete real-time news service and archives by subscription only.

Subscribe to our full service



Fonterra to Double Yoghurt Output at Sri Lanka Plant

Source: FLEXNEWS
15/05/2008

15 May 2008 - Fonterra of New Zealand is investing $NZ 14.6 million (USD 11 million) to double its yoghurt production in Sri Lanka.

According to New Zealander press reports, Fonterra's existing yoghurt plant near Colombo has a capacity of 6 million cups a month and this latest investment would boost capacity to 13.5 million.

The investment is one of Fonterra's largest off shore investments, a company spokesperson said.

At the same time, Fonterra will seek to increase its local raw milk supplies. Within 3 years, the dairy firm expects to be provided with 52,000 litres of milk daily, from 3000 local farmers.

Increasing its local milk supply would help Fonterra against volatile international prices, added the reports.

The reports conclude that the yoghurt market in Sri Lanka has enjoyed double digit growth in each of the past 5 years and annual consumption is now estimated at 12,000 tons.



GO   View more articles on this subject


More Alerts from 16/05/2008


Email This Article To A Colleague     Print A Copy Of This Page
 
 
 
 
FLEXNEWS - Business News for the Food Industry

About Us | Contact Us | Terms & Conditions | Privacy Policy
 
News Alerts
 


FLEXNEWS 2017 - All rights reserved
ISSN 1950-6228