ARLA FOODS LAUNCHES BANGLADESH POWDERED MILK JOINT VENTURE
March 15th, 2014
DANISH dairy giant Arla Foods has merged its Bangladesh interests with Bangladeshi distributor Mutual Foods in a joint venture to accelerate already strong sales growth of powdered milk in a national liquid and powdered milk market estimated at USD700 million.“We will plough USD40 million into the joint venture over the next threeyears with an ambition to become the leader in this market,” Sanayet KabirKhan, chief financial officer of newly formed Arla Foods Bangladesh, told just-food.He estimated that the venture will see market share rise from 20% to 30% ...
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