Indian-based Heritage Foods has formed a joint venture with French dairy company Novandie, a subsidiary of French food giant Andros, to set up a greenfield manufacturing plant for fruits and flavoured yogurt in France.
The investment from Heritage Foods will be INR 160 million ($2.49 million) and will ensure the 50:50 joint venture will have an initial annual capacity of 20 tonnes per day, manufacturing fruits and flavoured yogurt. Commercial production at the new facility is expected to commence in 2018.
Heritage Foods executive director Nara Brahmani said: “We are excited about our joint venture with Novandie, who are a leading yogurt player in France. This is one of the major steps we have taken on the path to achieving INR 60 billion ($934.5 million) revenues by 2022.”
The company, which turned over INR 26.43 billion ($412 million) in 2016/17, sold its retail, bakery and agri-business to Future Retail Limited last year to consolidate and focus on dairy as a single-line business.
Source: FoodBev.com
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
