Close×

German packaging machinery giant Krones has added a new subsidiary which caters for the dairy industry.

Called Milkron GmbH, the division is designed to offer plant construction and service support for the dairy industry as part of its goal of becoming a global vendor for this segment.

Headquartered near Hanover, it will focus on the engineering of production lines for all liquid to paste-like dairy products.

It will cover planning, project management, automation, installation, and commissioning and acceptance testing of the equipment on-site.

Food & Drink Business

Synlait Milk has reported a $75.4 million net loss for FY26, but a return to operational stability in the second half delivered a sharp improvement in earnings as the dairy processor continued its turnaround.

Australian ready-made meal business, Fast Fuel Meals, has entered voluntary administration, with more than $20m in creditor claims outstanding as the company considers a change of ownership.

CocoCoast is targeting $200m in annual revenue within five years after growing 53% in the past year, as it looks to exploit gaps in the US beverage market created amid tariff disruption.