FrieslandCampina Members’ Council approves 2016 financial statements
At its regular meeting on Wednesday 12 April, the Members’ Council of Zuivelcoöperatie FrieslandCampina U.A. approved the financial statements for 2016. It also approved the decision by the Cooperative Board to adopt the 2016 financial statements of Royal FrieslandCampina N.V. At the same time it approved a performance premium and the issue of member bonds on top of the guaranteed price that member dairy farmers receive for the farm milk they supplied throughout 2016.
Information on Friesland Huishan Dairy
On 24 March, the Hong Kong Stock Exchange postponed the trading in shares of China Huishan Dairy Holdings Company Limited (Huishan) after an 85% drop of its share price. Huishan and FrieslandCampina each own 50% of the shares in a joint venture 'Friesland Huishan Dairy' of which FrieslandCampina has full management control.
Guaranteed price for April 2017 36.00 euros
The FrieslandCampina guaranteed price for raw milk for April 2017 is 36.00 euros per 100 kilogrammes of milk. The guaranteed price remains the same as in March.
Organic guaranteed price for April 2017 48.00 euros
The FrieslandCampina guaranteed price for organic raw milk for April 2017 is 48.00 euros. The organic guaranteed price for April increases by 0.75 euros compared to March (47.25).
FrieslandCampina appoints Jan Kruise as Managing Director in Germany
FrieslandCampina aims to strengthen the company’s overall performance in Germany. As part of this focus, Jan Kruise will become Managing Director FrieslandCampina Germany as of 1 April 2017.
Research: Researchers develop a mathematical ultrafiltration membrane model for whey separation process
In this paper, we present a control relevant rigorous dynamic model for an ultrafiltration membrane unit in a whey separation process. The model consists of a set of differential algebraic equations and is developed for online model based applications such as model based control and process monitoring.
Deduction and premium temporary standstill measure
During the period in which the temporary standstill measure was in force, a total of 53 million kilos less milk was supplied compared to the reference volume. A total amount of 6.85 million euro was paid to the member dairy farmers in connection with this temporary cooperative arrangement.
Higher profit on lower revenue in turbulent year
The profit of Royal FrieslandCampina N.V. in 2016 increased by 5.5 percent to 362 million euros in comparison to the previous year. The operating profit declined by 2.3 percent to 563 million euros.
FrieslandCampina sells shares in New Zealand milk processing company Synlait Milk Ltd.
Today, FrieslandCampina Investments Holding B.V., a subsidiary of Royal FrieslandCampina N.V., sold its 8.2 percent shares in Synlait Milk Ltd. for 32 million euros.
Trade delegation from the United Arab Emirates visits FrieslandCampina in Wageningen
Under the leadership of His Excellency Eng. Sultan Bin Saeed Al Monsoori, Minister of Economic Affairs in the United Arab Emirates, a trade delegation paid a visit to the Netherlands. They visited FrieslandCampina Innovation Centre in Wageningen on Tuesday 28 February.