02 Jan 2018 --- Arla Foods is set to strengthen its business in Southeast Asia by establishing a joint venture with PT Indofood CBP Sukses Makmur Tbk (ICBP), one of the leading fast-moving consumer goods companies and dairy players in Indonesia. Southeast Asia is a strategic growth region in Arla Foods’ strategy, Good Growth 2020, and the company is now taking another step towards building its business in the region. The newly signed joint venture agreement with ICBP is set to expand Arla Foods’ presence in the Indonesian market.
“We are pleased to enter into a partnership with ICBP who has strong experience with dairy and has an extensive FMCG distribution network in Indonesia with access and relationships to all key retailers. Teaming up with ICBP will allow us to offer our high-quality dairy products to more Indonesian consumers,” says Executive Vice President of Arla Foods’ international business, Tim Ørting Jørgensen.
Axton Salim, the Director of ICBP, says: “We are pleased to have the opportunity to team up with Arla Foods, one of the strongest dairy companies in the world with a strong innovation and research platform. Arla is also one of the leading global brands associated with European quality. This collaboration will complement our existing dairy business in Indonesia.”
Biggest market in Southeast Asia
With a population of more than 250 million people, 50 percent of them under the age of 30, Indonesia is the biggest market for nutritious dairy products in Southeast Asia.
“Indonesia is an important market for anyone who wants succeed in Southeast Asia. Demand for dairy is growing, and we believe we can offer Indonesian consumers the dairy products they need as part of a healthy and balanced diet. We look forward to partner with Indofood CBP and to launch more of our products to the market in the future,” says Tim Ørting Jørgensen.
The new joint venture company is called Arla Indofood Sukses Makmur. The shareholding composition of the joint venture will be 50 percent plus 1 share of the company to be owned by Arla Foods and 50 percent minus 1 share by ICBP. The joint venture will handle sales, distribution and production of dairy products.
bakery mixes and other bakery products; cheese products - natural and imitation; dairy products - natural and imitation; minerals and food supplements; nutraceutical and functional food ingredients; proteins - animal or plant origin
Arla Foods Ingredients is a global leader in value-added whey solutions. We discover and deliver ingredients derived from milk and whey, supporting the food industry with the development and efficient processing of more natural, functional and nutritious foods. We serve global markets within early life nutrition, medical nutrition, sport nutrition, health foods and other foods and beverage products.
Arla Foods Ingredients is a 100% owned subsidiary of Arla Foods. Our head office is in Denmark.
27 Mar 2024 --- Tasmanian dairy producer Ashgrove has teamed up with Sea Forest, a 2023 Earthshot Prize finalist, to unveil the world’s first commercially...Read More
26 Mar 2024 --- The Gujarat Cooperative Milk Marketing Federation (GCMMF) — which markets and sells milk under the “Amul” brand in India — has...Read More
26 Mar 2024 --- Last week, Food Ingredients First reported on the New Zealand start-up Andfoods’ innovative plant-based milk extraction technology from seeds...Read More
22 Mar 2024 --- Krones subsidiary Milkron is presenting its new proprietary membrane filtration systems at Anuga FoodTec in Cologne, Germany. The membrane...Read More
21 Mar 2024 --- Arla Foods is investing €210 million (US$ 228.2 million) in its mozzarella cheese production site at Taw Valley in the UK to implement new...Read More