One of the largest private sector dairy enterprises in Southern India, Heritage Foods, has joined forces with French dairy firm Novandie to set up a 50:50 joint venture, for a new dairy plant in France.
Novandie, a subsidiary of French Food company Andros, and Heritage Foods will manufacture flavored yogurts and desserts, according to reports in the Indian press.
The Chief Minister of Indian state Andhra Pradesh, Nara Chandrababu Naidu founded the Indian dairy company in the early 1990s with three-business divisions; Dairy, Retail and Agribusiness, under its flagship company Heritage Foods Limited (HFL).
In a recent announcement, the minister said the Joint Venture has come about following lengthy discussions with the French firm and a plant will be set up with a capacity of 20 tons per day. It is expected to be operational by next year.
“We are excited about our joint venture with Novandie, a leading yogurt player in France. This is one of the major steps we have taken on the path to achieving Rs 6,000 crore revenues by 2022,” Nara Brahmani, Executive Director, Heritage Foods, was quoted as saying.
Currently, Heritage’s milk products have market presence in Telangana, Andhra Pradesh, Karnataka, Kerala, Tamil Nadu and Maharashtra.
Source: Food Ingredients First
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
