Bega Cheese has executed a smooth CEO transition with CEO of six years Paul van Heerwaarden standing down to be replaced by COO Pete Findlay (pictured). Van Heerwaarden has presided over an extraordinary period of growth of the Australian-owned manufacturer, doubling turnover as he executed takeovers of the Mondalez Grocery business, various Reckitt businesses, the…
Bega Cheese is likely to suffer a $40 million hit this financial year from Covid-19 costs, Russia’s invasion of Ukraine and floods in Central Australia. The diverse food producer told investors that though Covid impacts were now easing, lockdowns in Shanghai were disrupting product deliveries into China The company forecast an EBITDA for the year…
By Stuart Corner Australian dairy products manufacturer, Bega Cheese will deploy Cumulocity, Software AG’s IoT platform, to build an IoT service linking supplier farms, milk transport storage and processing facilities, in conjunction with Swinburne University of Technology. The system will provide real time data on milk production at farmer suppliers including volumes, temperature, quality composition,…
Bega Cheese is leaving behind some of the cost pressures it faced during the Covid-19 pandemic, but is now facing rising milk prices from robust competition amongst dairy processors for available milk. The company told investors today that disruptions from the war in Ukraine, the impact of Covid-19 lockdowns in Shanghai on deliveries to China…
Bega Cheese has greatly expanded its manufacturing and brand footprint in the food and beverage sector with the purchase of Lion Dairy & Drinks for $534 million. Bega will take over the business at the end of January 2021, adding to its cheese and spreads businesses numerous milk drinks, yoghurt, cream, and fresh juice brands.…
Bega Cheese has won a further round of a drawn-out battle with food group Mondalez International and Kraft. The full court of the Federal Court of Australia upheld an earlier trial judgement against Kraft over the use of its distinct packaging of Smooth and Crunchy peanut butters including its yellow lid. In May the Justice…
Reduced milk supply and soft demand for infant formula in China have hit dairy and food spreads group Bega’s profits in the first half of the financial year. The company which has been diversifying operations into the wider food arena reported an EBIT down 30 per cent of $26.9 million in the December half on…
Australian dairy producer Bega Cheese (ASX: BGA) is in Victoria’s Supreme Court fighting a dispute over the use of its brand names with NZ dairy co-operative Fonterra. According to a report in abc.net.au, Bega and Fonterra are at loggerheads over a 2002 branding rights deal which gave Fonterra rights to the Bega Cheese brand. Bega…
Comment by Peter Roberts Well there is some justice in the world for small Australian manufacturers facing the might, and dubious business practises, of some major multi-national corporations. The Federal Court last week decided in favour of Bega Cheese (ASX: BGA) in its case against Mondelēz International over what can only be described as an…
A loss of sovereign control of industry is a key issue raised in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – Here, Allen Roberts examines innovation in the critical food manufacturing sector. The recent declaration of ‘A Future Made in Australia’ by the Prime Minister Anthony Albanese has put the…
