After a long wait the a2 Milk Company has been told by the US Food and Drug Administration that it has exercised its discretion and will allow the New Zealand company to import infant formula into the United States. The company will now supply its a2 Platinum infant formula product – stage 1 and 2…
a2 Milk, the company that pioneered the idea that a2 proteins in its milk are healthier than alternatives has again shown strong growth in all markets and segments during the 2020 financial year. The company announced EBITDA of $501.9 million, up 32.9 per cent on the previous year, on revenues up 32.8 per cent to…
The a2 Milk Company and Synlait are heading to arbitration as dispute resolutions sour over cancelled exclusivity deal.
By Milena Bojovic, Macquarie University The global dairy industry is changing. Among the disruptions is competition from food alternatives not produced using animals – including potential challenges posed by synthetic milk. Synthetic milk does not require cows or other animals. It can have the same biochemical make up as animal milk, but is grown using…
Any hopes that A2 Milk could emulate competitor Bubs Australia’s stellar success this year in the US Market have been dashed, at least for the moment with the company receiving an adverse notification from the US Food and Drug Administration. A2 Milk had hoped to be able to secure enforcement discretion to import infant formula…
Australian Dairy Nutritionals Group has successfully produced milk powder at the group’s new infant formula plant at Camperdown in Victoria. The company told investors its next steps in what it called a cornertsone project were to refine the operational parameters of the plant and the resultant powders, as well as conduct trials on infant formula…
Specialised milk producer a2 Milk has seen its turnover and profits plunge as the Covid-19 pandemic interrupted its supply chains into the China market. The company announced today earnings before interest, tax, depreciation and amortisation (EBITDA) down 32.2 per cent for the half year to December 31 to $166.7 million (NZ$178.5 million). Revenues were down…
Australasian dairy powerhouse a2 Milk will extend its brand into the Canadian milk market through a lcensing deal. Canada’s Agrifoods Cooperative will produce, distribute and market a2 Milk which is taking increasing market share wherever it is sold. a2 Milk CEO Geoffrey Babidge said: “We are very pleased to form this partnership with Agrifoods through…
Australasian dairy powerhouse a2 Milk continued its rapid growth in the first half of the year, boosting revenues and profits and accessing an increasingly global marketplace. The company booked an EBITDA up 20.5 per cent to NZ$263.2 million on total revenue up 31.6 per cent to $806.7 million. Net profit after tax was $184.9 million.…
Australasian dairy powerhouse a2 Milk (ASX: A2M) boosted revenue and profit in the 2019 year by more than 40 per cent as increased marketing expenditure took effect. The company spent 10 per cent of sales or NZ$135 million on marketing which helped China sales and pushed infant formula sales past $1 billion for the first…
