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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

Indonesia’s sovereign wealth fund will take a 25 per cent stake in JBS’s Australian and New Zealand operations, with Danantara Investment Management paying $3.5 billion (US$2.5 billion) in equity under a joint venture that gives the world’s largest protein producer up to US$5 billion to fund regional expansion.

Robotic Automation has been acquired by Varley Group, in a move both companies say will strengthen their ability to invest in automation and support Australian manufacturing.

Inghams Group Limited has significantly expanded its Victorian poultry breeding operations by partnering with ProTen, Australia’s largest corporate meat chicken grower.