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DMK and Arla Foods in whey processing partnership
DMK and Arla Foods will establish a 50/50 pct joint venture to start a whey processing partnership for the global food manufacturing industry.
The name of the new joint venture will be ArNoCo GmbH & Co KG, and the two partners will invest a total of €44m, of which €35m will be used to build a whey processing plant at DMK’s cheese plant at Nordhackstedt in Northern Germany (and €9m will be spent at Arla Foods’ plant Danmark Protein in Nr Vium, Denmark).
The joint venture will buy whey from DMK estimated at more than 700,000 tonnes annually and convert it into whey protein concentrate and lactose at the new plant. The whey protein concentrate will then be dried at Arla Foods’ plant Danmark Protein.
DMK will supply all related services on behalf of ArNoCo. Arla Foods Ingredients will market, sell and distribute the products to the global food manufacturing industry.
The building of the new plant is expected to start in October 2011. The plant is scheduled to be in operation by the end of 2012 creating approximately 24 jobs.
ArNoCO GmbH & Co KG will be headed by managing directors Finn Simonsen from Arla Foods Ingredients and B v Borstel from DMK.
Source: Arla Foods Ingredients
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