Investments in plants and equipment burnish dairies' balance sheets
Agropur, the Canadian dairy cooperative with operations in the United States, grew its investment in machinery and equipment by 75% in the last year. The total net value of its property, plant and equipment increased 72%, the most of 12 dairy and food companies reviewed by Dairy Foods.
As part of its research of the Dairy 100 (the list will be online later this month), Dairy Foods analyzed the balance sheets of publicly held dairies and food manufacturers. We looked at holdings in land, buildings, machinery and equipment, and construction in progress. The results are shown in the accompanying table.