Tuesday, April 20, 2021

FrieslandCampina and Domty form joint venture for cheese export

FrieslandCampina and the Arabian Food industries Company (Domty), one of the biggest cheese manufacturers in Egypt, have signed a joint venture agreement that will focus on the export of cheese to Africa and the Middle East.

The companies are combining their efforts in a new company that will export and sell affordable cheese propositions to markets in Africa and the Middle East from Egypt.

“We have been seeking this venture as a company for long,” said Mohamed Damaty, Vice CEO of Arabian Food Industries.

“We believe that our products can fit well into the African market and joining forces with FrieslandCampina will help us a lot to do so. We are optimistic about the venture and its ability to grow in the future.”

Dustin Woodward, Managing Director, FrieslandCampina Consumer Dairy Africa, said: “Combining our joint expertise,  capabilities and footprint will allow us to nourish more African families than ever before.

“Over the next few years we will bring exciting innovations that will create new cheese propositions that are more healthy, affordable and accessible to consumers across Africa and the Middle East.”

FrieslandCampina will hold a 51% interest in the joint venture and Domty, 49%.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.