Food Market News
-The international dairy cooperative Arla Foods plans to invest EUR 65 million in its German locations in 2018. In Pronsfeld (Rheinland-Pfalz), its largest facility in the world, the company plans to begin building a second milk-drying tower for the production of milk powder, which should go into operation in 2021, as well as expanding its facilities for preparing milk from cows not given genetically modified feed. Some of the investment funds will also go into building new facilities to produce quark and Arla Skyr in Upahl (Mecklenburg-Vorpommern), to which some of the skyr production in Brabrand, Denmark, will be shifted in 2019.
–Foodspring, a Berlin-based startup offering so-called functional food via an online shop, recently secured EUR 22 million in financing from the New Zealand dairy cooperative Fonterra, the Swiss media group Ringier, and the German venture capital company btov Partners. The startup, which is active in 17 European countries, will use the funds to expand, including into traditional supermarkets and the United States.
Breakfast with Arla Foods products © Arla Foods