A “negative impact” is expected on covid wave recovery
The planned Jakarta plant will be controlled through the company’s Frisian Flag Indonesia division, which is expected to begin structuring in April next year. The plant will produce condensed and pasteurized milk, with an initial capacity of more than 500 million kilograms and which can be expanded.
Meanwhile, FrieslandCampina, its condensed and pasteurized milk plant in Pasar Rebo, east of Jakarta, will be changed to infant formula for the Asian market.
FrieslandCampina said in a statement that it was making a total investment of 250 million euros (US$292. 6 million) in the two projects, which are expected to be completed in the first six months of 2024.
CEO Hein Schumacher said: “This expansion will allow us to supply more people in Indonesia in the long run with our nutritious dairy products. The structure of a new production site will allow us to continue to grow and contribute to progression. Indonesia’s dairy economy and sector. “
Frisian Flag, or Susu Bendera as it is known locally, has been operating in Indonesia for nearly a century and employs about 3,000 people.
In addition, FrieslandCampina provided an update on the existing business environment around Covid-19, which he said caused a “drastic” drop in milk and dairy costs in March and April, and since then they have recovered, are still below prepandemic levels. .
“This has led to complicated market conditions” for the Dairy Essentials business group, said the company, a value-added department and also a manufacturer of core dairy products such as butter and cheese.
And the moment when the coronavirus wave that now hits many countries will have some other “negative” effect on the dairy company’s catering business, which was “severely affected” by the virus at the time quarter and “still suffers the effects. “, despite a recovery in June and July.
In Hong Kong, China’s gateway to FrieslandCampina, pandemic and social unrest have led to “difficult market conditions,” especially for infant formulas, leading to successful e-commerce among consumers. hong Kong will be “substantially impacted” at the time of their fiscal year.
Sectors: Dairy
Topics: Emerging Markets, Food Service Strategy
Companies: FrieslandCampina
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