Dairy Crest15 Sep 2014 13:50
Ticking up again now
Taken form IC article 20th August 14
Dairy Crest's (DCG) recent partnership with Fonterra marks a first, historic foray into the global market. Since its foundation in 2001, New Zealand co-operative Fonterra has become the world’s biggest dairy exporter, accounting for over a fifth of the international trade. Under the partnership, Dairy Crest is investing £45m in the manufacture of de-mineralised whey powder, the base ingredient in infant formula, from its cheese factory at Davidstow in Cornwall. It is ploughing a further £20m into the production of galacto-oligosaccharide, a lactose-based prebiotic widely used in infant formula. Fonterra will offer technical support and market and sell both products.