Volac Announces Progress In Its Performance- Results 2011/12
Dairy nutrition company, Volac, has announced progress in its performance, against a backdrop of increased exports and improved profits from overseas operations.
27 Nov 2012 --- The company is simultaneously growing and investing across Europe, stimulating demand for nutritionally valuable dairy products and using its technology and market “know how” to add value across the dairy supply chain.
James Neville, Chief Executive of Volac, says: “We have had a very positive year and, whilst commodity prices have been high, our core success has been delivered by leveraging our knowledge and know how in dairy nutrition combined with our planned increase in exports and in the performance of our overseas operations and joint ventures. “There continues to be strong demand for our nutrition products which deliver improved productivity and health in livestock and help people to lead healthier and more active lives.”
“We are particularly pleased with the performance of our DV Nutrition joint venture with leading Dutch Cooperative DOC Kaas where turnover increased by 37% in the financial year due to the increased demand for our dairy nutrition products.”
In the last financial year, 2011-2012, Volac cites its main achievements as follows:
- A significant increase in profit from overseas operations in The Netherlands, Malaysia and China was the main contribution to Volac’s improved profit performance.
- A 38% increase in export sales revenue from UK manufacturing sites
- The commencement of production at its Milk Link Volac Ingredients (MVI) joint venture at the Taw Valley Creamery
- An increase in employee numbers of 4% over the financial year
- The involvement in a number of dairy industry initiatives to develop a sustainable dairy industry
In the financial year ending February 2012, the business achieved an operating profit of £17.3m (up 38% on previous year) and a turnover of £162.4m (up by 34% year on year).
James Neville adds: “Our financial success continues to strengthen our business and gives us confidence to seek ambitious and collaborative investments and acquisitions that move our business and the wider dairy industry forward.”
Volac is one of Europe’s leading manufacturers of nutritional whey proteins and lactose products, supplying high quality, nutritionally rich dairy ingredients to leading UK and European food and beverage companies. The Dairy & Lifestyle Ingredients range combines Volac’s long standing heritage, scientific knowledge and superior whey processing capability to provide unrivalled quality, nutritional integrity and proven performance across a range of food and beverage applications.
We specialise in the filtration and drying of whey derivatives, providing ingredients to markets where taste, application and convenience are key. All our products are manufactured under the highest technical, quality and environmental standards.
The Volactive UltraWhey range of WPC80 and WPI powders are used extensively throughout the European lifestyle and sports nutrition markets for their nutritional health benefits. Volactive ProCrisp is a neutral tasting whey protein in a unique form that provides texture to a variety of applications such as cereals and bars. Volac is the only Informed-Sport accredited company in Europe to produce high-performance whey proteins with its Volactive UltraWhey range.
The Volactose range of high quality lactose and whey permeate products are suitable for a wide range of food processing, confectionery and bakery applications.
Volactose Taw Whey Permeate is made using a unique combination of state-of-the-art technologies to produce a great tasting and economical source of milk solids. Volactose Taw Whey Permate is Kosher, Halal Mui, Vegetarian and non GM approved – a key advantage for products in a competitive market which demands such assurances.
Volactose Edible Lactose is a versatile and functional ingredient useful for a wide range of bakery, confectionery and savoury products.
Volactose Whey Permeate is a uniquely manufactured free-flowing whey permeate powder suitable for bakery, confectionery and dairy ingredients blends.
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