Fonterra has announced significant strategic investments to expand and upgrade its operations Fonterra has announced a further investment in its operations with around $150 million earmarked for a new cool store at its Whareroa site in Taranaki, New Zealand. This announcement follows recent news of a new protein plant at[Read More…]
New Zealand
Fonterra to invest $150 Mn in New Zealand
Fonterra has a thriving food service business in Asia where demand is growing by integrating dairy into traditional foods such as laksa and milk tea Fonterra is set to invest $150 million to build a new UHT cream plant at its Edendale site in Southland to meet growing demand through[Read More…]
Fonterra to expand Studholme site to grow protein ingredients offering
The investment of around $75 million is part of the Co-op’s strategy to grow value through its world-leading Ingredients business Fonterra is set to expand its Studholme site on the South Island, New Zealand to create a hub for high-value proteins. Fonterra’s proteins have enhanced functionality and are designed to[Read More…]
New Zealand takes action in response to Australia’s tomato virus find
All imported tomatoes from Australia currently come from Queensland and not South Australia Biosecurity New Zealand has placed import restrictions on tomato seed imports from Australia, after the detection of tomato brown rugose fruit virus at 2 South Australian growing properties. “We’ve stepped up our biosecurity requirements in response to[Read More…]
Synlait and a2 Milk resolve dispute over infant formula
This contract granted Synlait exclusivity in supplying infant milk formula products in China, Australia, and New Zealand Synlait Milk Limited (Synlait) and The a2 Milk Company have reached a conditional agreement to settle all disputes, including those related to exclusivity, pricing, and other issues that were subject to arbitration. Grant[Read More…]
Sprout Agritech appoints Dr Sandhya Sriram as CEO
Dr Sriram comes with an impressive background in the global early-stage tech industry Sprout Agritech has appointed Dr Sandhya Sriram as CEO. Dr Sandhya Sriram is the former Group CEO and Co-founder of Shiok Meats Pte. Ltd., Singapore, the first cultivated seafood & meat company in Southeast Asia and the[Read More…]
DKSH extends distribution agreement with Cosucra in Australia and New Zealand
Following a successful partnership in several countries in Europe and Asia, including Germany, Switzerland, and the Philippines, Cosucra has once again entrusted DKSH to grow its natural and healthy food ingredients business in Australia and New Zealand DKSH’s Business Unit Performance Materials, a leading distributor of speciality chemicals and ingredients,[Read More…]
Masthead Limited launches Florenz to export New Zealand brands
Market expansion led by the acquisition of Wedderspoon Organic Group, makers of the leading manuka honey brand Masthead Limited, the Christchurch-based investment firm, announced its acquisition of the Wedderspoon Organic Group, a leading Manuka honey brand and plans to consolidate its consumer brand portfolio into a new holding company called Florenz. Mike[Read More…]
New Zealand recalls Morinaga baby biscuits due to possible animal droppings
The affected products, which have also been recalled in Japan, Singapore, and Hong Kong New Zealand Food Safety is assisting Tokyo Food Company Ltd and Wholesale Club in their recall of imported Morinaga brand Manna Bolo baby biscuits due to the potential presence of animal droppings in the products. Vincent[Read More…]
Multiple factors highlighted in milky fish research
Research conducted by the National Institute of Water and Atmospheric Research (NIWA) gathered data from both commercial and recreational fishers about affected snapper and their locations Fisheries New Zealand has released a detailed scientific report indicating that Milky White Flesh Syndrome found in snapper fish is likely caused by a[Read More…]
