• Following an independent expert’s valuation, Bega Cheese will sell its 49 per cent share in Vitasoy Australia Products to joint venture partner Vitasoy International for $51 million.
    Following an independent expert’s valuation, Bega Cheese will sell its 49 per cent share in Vitasoy Australia Products to joint venture partner Vitasoy International for $51 million.
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Plant milk company Vitasoy – a joint venture between Lion and Vitasoy International – has rolled out almond and coconut milk under its 'Milky' brand.

The company has also refreshed its packaging and is launching a new communications campaign on TV, outdoor and digital.

The expansion of the Milky range to include Almond and Coconut Milky was initiated ahead of calls from Australian dairy farmers for a tightening of food labelling around the use of the word milk, led by the farmer lobby group Dairy Connect, according to Vitasoy.

The Milky name is a brand consideration and not an amendment caused by any external pressure, the company said, with the name Milky refering to the milky texture and mouth-feel of the range.

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Packaging News

New European rules on generic environmental claims have prompted the Australasian Bioplastics Association to warn that packaging carrying poorly substantiated claims could be marketed in Australia.

Australia's environment ministers have declared packaging reform urgent and named soft plastics as an initial priority, but offered no firm timetable or regulatory commitments. SPSA has welcomed the soft plastics focus, while Boomerang Alliance and WMRR have raised concerns about the lack of concrete action.

Economic analysis commissioned by SPSA estimates national recycling reforms could deliver up to $278m in net productivity gains and stimulate up to $2.6b in capital investment each year.