Chronicle Editor
Senior Business Reporter
DIVERSIFIED manufacturing firm, Dairibord Holdings, says its beverages units contributed 62 percent of total volumes, affirming the growing contribution of non-milk product categories and positive impact of product portfolio diversification.
To leverage on that, the group said its main thrust was now on volume consolidation to close the gap between demand and supply in most product categories while enhancing cost containment.
“Growth will be largely driven by the beverages and foods, benefitting from the commissioning of plant and equipment for additional processing capacity in the third quarter of the year,” said the company.
“The group will also focus on realignment of its route to market to increase cash receipts, local US dollar sales and exports.”
In its financial statement for the first half of the year ended June 2022, Dairibord said liquid milk product contribution to total volume was 28 percent, foods 10 percent and beverages 62 percent. “This affirms the growing contribution of non-milk product categories and product portfolio diversification, in line with our ‘more than just milk’ strategy,” said Dairibord.
The firm says it has retained its position as the processor of food products with the highest milk intake, but at lower levels.
It has elevated initiatives for aggressive milk supply development for low cost and high-volume milk production.
“The long term benefits will be competitive local milk prices, import substitution of milk powders and opportunities for export growth.
Online Reporter