Food Industry
Industry: Email Alert RSS FeedArla approves DKr1.6bn investment - Company News - Arla Foods' investment plans for coming year - Brief Article
Eurofood, Nov 7, 2002
The supervisory board of Arla Foods has approved an investment programme of DKr1.632bn (219.6m [euro]) for the coming year, down marginally from last year's budget of DKr1.732bn.
A total of 55% of the programme will be channelled into capacity expansion and enhancing processing facilities, while 14% is allocated to efficiency measures. Maintenance accounts for 12% and investments in quality and the environment account for 5% and 4% respectively.
The production division received the lion's share of the new investments (DKr534m), with Arla Foods Ingredients taking DKr197m. Investments of DKr197m and DKr194m are planned for Arla Foods' Sweden division and Denmark division respectively.
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The budget for the coming year has been significantly affected by declining world market prices for bulk products such as skimmed milk powder. During 2002, world prices for milk have fallen between 7% and 30%.
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