Fonterra Sri Lanka surpasses Rs 3 bn investment mark

Fonterra Brands Sri Lanka, the dairy co-operative behind Anchor, recently surpassed the Rs. 3 billion investment-mark in its commitment to building a thriving local dairy industry and boosting the availability of high quality, local dairy nutrition for Sri Lankans.

These long-term initiatives span the breadth of the dairy value chain with the local dairy farmer at its center.

From providing thousands of local farmer families with support to uplift milk productivity and milk quality, to providing new farmers direct access to milk collection and chilling facilities, to investing in local dairy processing and storage facilities, to sustainable projects that benefit farmer families; three years of investment have led to a steady development in the local value chain.

Sri Lanka Digital Media Network

Submit Your Press Release

Get your company news, announcements, launches, appointments and events in front of a wider audience.

NewsDive Financial Chronicle Ceylon Independent Daily FC
Submit Your Press Release →
Publish Across Our Network

Managing Director of Fonterra Brands Sri Lanka and the Indian Subcontinent, Sunil Sethi, said the dairy co-operative has been enabling the country’s dairy industry to better meet national nutritional requirements.

“As we work towards building a thriving Sri Lankan dairy industry, increased and consistent demand for local, fresh dairy nutrition is just as important as maintaining a steady supply of high quality products. Recognizing this, we have most recently focused our investment in strengthening the reach of the dairy cold chain across the country, as well as supporting improvements in milk quality and collection,” he said.

In many regions across the country, limited chilling facilities prevent small stores and outlets from providing consumers with fresh dairy products such as yoghurt and flavored milk.

“We embarked on a drive to rapidly expand reach and consumption of our high quality local dairy nutrition in partnership with medium and small-scale outlets all over the island. Initially, we expanded our footprint by increasing the number of outlets offering these products from 25,000 to over 40,000,” he noted.

This rapid expansion has resulted in the installation of over 3,000 chilling facilities in trade outlets over the past year, helping more people across Sri Lanka access the goodness of local dairy nutrition.

LankaBIZ
AI Business
Intelligence
Sri Lanka Stock Market

Sri Lanka Stocks. Powered by AI.

Discover opportunities in the Colombo Stock Exchange. Screen listed companies, explore AI-powered insights and practise your investment strategies with LankaBIZ.

✓ CSE Stock Screening
✓ AI Stock Discovery
✓ Simulated Trading
✓ Market Intelligence
Explore LankaBIZ

This expansion has also supported traders in driving consumption of local dairy products, with Fonterra’s teams regularly providing assistance to ensure safe storage, increase prominence of chilling facilities towards front of outlets and install attractive lighting and displays.

Leave a Reply