Sector News

French dairy coop Sodiaal in talks to buy China's Synutra plant

August 30, 2018
Food & Drink

French dairy cooperative Sodiaal said on Wednesday it was in talks to purchase part of an infant milk formula plant in northwest France from Chinese maker Synutra.

Sodiaal, the world’s fifth largest milk cooperative, became the leading supplier to Synutra after it signed an agreement in 2012 to provide the baby formula factory in Carhaix with 288 million litres of milk a year.

Sodiaal’s launched its deliveries to the plant in 2016 but a year ago reduced the volume supplied by about a half after Synutra failed to pay some bills due to poor sales for its French products in China, the Le Monde newspaper reported.

Sodiaal is negotiating taking over most of the baby milk production activities while Synutra would keep the packaging part, Le Monde said.

“This potential acquisition would enable (Sodiaal) to speed up its development on the growing baby milk market in China and other global markets,” Sodiaal said in a statement.

The Carhaix plant, employs nearly 350 people and has a production capacity of 120,000 tonnes of milk powder per year.

Sodiaal buys 4.7 billion litres of milk annually to make its products that include baby formula, cheese, yoghurt and butter.

By Pierre-Henri Allain

Source: Reuters

comments closed

Related News

January 22, 2023

Danone unveils plan to cut methane emissions

Food & Drink

The company expects to eliminate 1.2 billion tons carbon dioxide equivalent of methane emissions by the end of the decade. The company says that it already reduced its methane emissions by around 14% between 2018 and 2020.

January 22, 2023

US researchers land US$2.4M to turn food waste into “affordable” bioplastics

Food & Drink

The “first-of-its-kind” pilot project will develop and demonstrate an affordable modular bioprocessing system to produce biodegradable bioplastics from food waste diverted from landfills. The three-year grant will test the scalability and feasibility of the conversion on a national and global scale.

January 22, 2023

Arkeon partners with ICL to transform CO2 into proteins

Food & Drink

Arkeon is allying with specialty mineral giant ICL to support the scaling of its fermentation bioprocess that converts CO2 into the 20 proteinogenic essential amino acids needed in human nutrition. The process, hailed as carbon negative, is based on the use of archaea, a group of microorganisms that naturally feeds off the greenhouse gas.

How can we help you?

We're easy to reach