FrieslandCampina has announced plans to invest in its Borculo facility in the Netherlands, aiming to double the production capacity of its whey protein isolates.
The expansion will enable the company to meet the rising demand for high-quality ingredients for the sports and infant nutrition markets. The product expansion is part of FrieslandCampina’s business strategy, Expedition 2030.
The strategy is defined by a specific focus for each business group, with the goal of improving profitability and driving sustainable future growth. As part of this, FrieslandCampina will annually save €400-€500 million in costs from 2026.
According to FrieslandCampina, the entire company has to reduce costs, which will result in restructuring and job cuts. The dairy business said: “The €400-€500 million in cost savings do not concern closure of production locations. A part of the annual savings will be needed to offset inflation. The remaining margin expansion will be equally divided between investing in sustainable growth and increasing the company’s net profit.”
Jan Derck van Karnebeek, CEO of FrieslandCampina, said: “Our goal is clear: produce top-quality products from our members’ milk and, by doing so, generate maximum value for them. Income that our members need to continue investing in the sustainable future of their farms. That is why it is so important that we structurally improve our business performance.”
He continued: “Our sharpened strategy with a focus for each business group on specific customers, products, brands and markets will significantly improve the way we work and compete. Combined with a competitive supply chain and lower overhead costs, I am convinced that Expedition 2030 will strengthen our position as a leading, innovative and sustainable player in the dairy industry. This is important for FrieslandCampina to remain attractive to its member dairy farmers, employees and customers, now and in the future.”
The implementation of the Expedition 2030 strategy will begin in January 2024.
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