date:Jun 25, 2012
Under the agreement, the two companies will co-invest a total of DKK163m ($27.55m) to expand production capacity at Arla Foods' Arinco facility in Denmark. The investment will be utilised for installing processing and packaging equipment. The facility will supply milk to Biostime according to its specific requirements.
Arla Foods B-to-B nutrition business unit vice president Jens Jorgen Hjortshoj said that the deal enables the company to produce high-quality dairy products with superior added va