Swiss milk processor Emmi announced on Monday 16 September that it is to change its company structure, with an increased focus on its foreign business divisions.
Starting in 2014, the Lucerne-based company will detach its Swiss business from the principal firm and introduce the regions of Switzerland, Europe and Americas to its company structure.
These changes will enable Emmi to distinguish company responsibilities and country responsibilities more clearly.
According to a statement from the company, 'The vision to compete as an independent company in the long term in open markets, remains unchanged. Emmi will continue to be number one in the Swiss dairy industry'.
'In the course of this development, growth markets outside Europe are becoming increasingly important, with significant acquisitions. While the acquisition frequency, however, tends to be slow, organic growth is gaining relevance', the company added.
Due to the mature nature of the dairy market in Switzerland, Emmi strongly promoted growth abroad in the past.
In the first half of 2013, 43% of the company’s turnover was earned outside its domestic market. Continuing this strategy in the future, Emmi will continue to operate in 15 to 18 markets, accounting for around 40% of total global dairy consumption.
- Friederike Schönhardt - ESM German Correspondent
