FDBusiness.com

First Milk Progress Funds Dividend Payment

 Breaking News
  • Bel to Produce Mini Babybel at its First Canadian Factory Bel Group, a world leader in branded cheese and a major player in the healthy snack market, plans to build its first Canadian plant in Sorel-Tracy, Quebec. The facility, which is scheduled to begin commercial production in early 2020, will be fully dedicated to producing Mini Babybel® cheese. These dairy snacks encased in small and [...]...
  • Irish Whiskey Industry Welcomes EU-Japan Trade Agreement The Irish Whiskey Association has welcomed the signing of the EU-Japan Economic Partnership Agreement, the largest trade deal negotiated yet by the European Union. While sales of Irish whiskey remain relatively low, Japan is currently the largest market in Asia for Irish whiskey and last year Irish whiskey sales in Japan recorded a 15.7% growth to [...]...
  • Optimal Packaging – iba.OPERATE! Sustainable, efficient, safe, fast and smart: With “iba.OPERATE! Packaging & Processing Solutions”, iba is dedicating a large special section in hall B1 to packaging solutions, materials and processes. An attractive appearance is not everything. Hygienic packaging is just as crucial, especially in the food sector. Over 180 companies will be presenting their solutions and novelties in [...]...
  • Eriez Magnetics Europe Celebrates 50 Years of Manufacturing Excellence Industry-leading manufacturers, Eriez Magnetics Europe Ltd, mark its 50th anniversary this year. From humble beginnings has emerged a company who now has a strong customer base and can proudly boast numerous technological achievements and significant growth over half a century. Eriez Europe was established when Bob Merwin, CEO of Eriez Manufacturing Co. in Erie, USA recognised [...]...
  • Royal Unibrew Completes Acquisition of French Lemonade Business Royal Unibrew, the Denmark-based beverages group, has completed the acquisition of Etablissements Geyer Fréres for an enterprise value of DKr660 million (€88.5 million) financed by bank debt. The acquisition of Etablissements Geyer Fréres will give Royal Unibrew increased access to the French soft drinks market and will further strengthen its export portfolio. Employing about 100 [...]...

First Milk Progress Funds Dividend Payment

First Milk Progress Funds Dividend Payment
March 20
12:56 2012

As a result of the margin made on a number of business activities, including efficiencies gained from investment in its manufacturing sites and supply chain, UK dairy co-operative First Milk will pay a dividend to members in April. An average 1 million litre producer will receive a dividend of £900, and this comes on top of the returns on investment for the same average 1 million litre producer of £2,700 over the last 14 months.

The First Milk board also plans to allocate a proportion of the profit made on the recent sale of the co-operative’s shares in Robert Wiseman Dairies to members, and is currently investigating the most tax efficient way to do this. These decisions do not impact on any potential return on members’ investments for the 2nd half of 2011/12 milk year, which will be decided separately once the year end numbers are finalised.

“Over the last 14 months we have made three returns on member investments and are now announcing a dividend and plans to allocate money to member capital accounts,” explains First Milk chairman Bill Mustoe. “Building a business and a supply chain that is centred squarely on delivering for members is what we’re about, and that’s obviously a different path to other companies in our sector. We will continue to pass back returns to members if and when the money is in the till.”

To receive your free sample copy of Food & Drink Business Europe please complete Form on our Subscription Page

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements