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Sweetened Condensed Milk is made by putting milk under a vacuum and removing half its water. It is then sweetened with sugar or corn syrup, then sterilized and homogenized.
It ends up about 65% sugar.
Now there are low-fat and fat-free versions.
Sometimes evaporated milk is referred to as condensed milk, but this is not to be confused with the Sweetened Condensed kind.
Substitutes
Either (a) take 1 1/2 cups (12 oz / 350 ml) of plain milk and simmer until about 1 cup (8 oz / 250 ml) remains or (b) take 1 cup (8 oz / 250 ml) of evaporated milk. Then add 1 cup (8 oz / 250g) of sugar, and heat just until sugar is dissolved.
Equivalents
Usually comes in tins 14oz / 400g by weight, which equals 1 1/4 cups (10 oz / 300 ml by volume)
Storage
Store in cupboard for up to two years (expiration date usually on bottom of tin). If it looks carmelized and thick when you open it, it is still good.
History
A well-known brand in North America is Eagle Brand. Gail Borden received the patent for it in both the US and the UK in 1856. He built his first factory in 1857 in Burrville, Connecticut. They first started promoting their produce with "Elsie the Cow" in 1938.
Sweetened Condensed Milk was very popular before refrigeration. It was used for the troops in the American Civil War.
Also called:  Kondensmilch ( Gezuckerte) (German)
Other entries for Evaporated Milk
Dulce de Leche, Solidified Condensed Milk, Sweetened Condensed Milk
Other entries for Milk
Buttermilk, Clabbered Milk, Cream, Crème de Brebis, Goat's Milk, Gold Top Milk, Kefir, Koumiss, Powdered Milk, Raw Milk, Whey, Yoghurt
Other entries for Dairy
Butterfat, Butter, Cheese, Nondairy Topping
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