Azelis, a leading global innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Chemiplas Agencies Ltd one of the leading distributors of specialty chemicals, plastic raw materials and ingredients in Australia, New Zealand, and[Read More…]
New Zealand
NewFish with Sophie’s Bionutrients to Accelerate Innovation in Microalgae
This collaboration will span global value chains, including shared research and development, co-development of microalgae strains, ingredients supply for manufacturing, and commercializing new food and alternative dairy solutions. Sophie’s Bionutrients and NewFish®, two pioneers in the field of microalgae protein fermentation, with the support of New Zealand-based marine research powerhouse, Cawthron[Read More…]
PAG joins hand with two leading Australian companies
PAG entered into agreements to acquire Patties Foods and Vesco Foods. Patties, with its origins dating back over 50 years, is well known for producing some of Australia and New Zealand’s favourite savoury snacks, appetisers, meals and desserts, including its signature pies, party pies and sausage rolls. Patties’ portfolio of[Read More…]
New Zealand raises alarm over consumption of fish oil in pregnancy
Omega-3 is recommended in pregnancy, but new research suggests care is needed to avoid oxidised fish oil A group of scientists from the University of Auckland’s Liggins Institute in New Zealand is sounding a warning after new research finding highly oxidised fish oils may be harmful in pregnancy. Fish oil[Read More…]
NZ identifies exact amounts of extra vitamin C for optimal health
Suggesting to increase vitamin C intake if overweight New University of Otago, Christchurch research has identified, for the first time, exactly how much extra vitamin C humans need to ingest, relative to their body weight, to maximise their immune health. The study, based in New Zealand, has found that for[Read More…]
New Zealand’s dairy Fonterra to exit Russian businesses
Fonterra has announced it will exit its businesses in Russia. This follows the Co-op’s decision to suspend shipments of products to Russia at the end of February. CEO Miles Hurrell says “our first step following Russia’s invasion of Ukraine was to establish the safety of the team in Russia, and[Read More…]
Fonterra tail off their India Joint Venture
Fonterra and Future Consumer Limited have agreed to wind down their 50:50 India joint venture – Fonterra Future Dairy. The joint venture was established in 2018 and has 22 employees, all of which will receive appropriate entitlements. Despite this, the joint venture has delivered some important initiatives, including the launch[Read More…]
Fonterra lifted its forecast Farmgate Milk Price range
Fonterra CEO Miles Hurrell says the lift in the forecast reflects the increase in global dairy prices since the Co-op’s last milk price update in January, and good levels of ongoing global demand for dairy. Fonterra Co-operative Limited lifted its 2021/22 forecast Farmgate Milk Price range to NZ$9.30 – $9.90[Read More…]
Fonterra, agreed a strategic partnership with NZX & EEX for future growth
The strong alignment of all three shareholding partners to GDT’s purpose of credible price discovery will support initiatives to increase liquidity on GDT, attract new supply from prominent dairy producing regions, and will strengthen GDT’s linkages to financial trading platforms Fonterra has agreed a strategic partnership with New Zealand’s Exchange[Read More…]
New Zealand’s My Food Bag deploys Infor CloudSuite F&B ERP to achieve transparency in profitability
Infor is proud to support such an innovative and agile brand delivering quality food each and every day. Infor, the industry cloud company, announced that My Food Bag, a leading recipe and meal delivery service, has deployed Infor CloudSuite Food & Beverage (F&B) ERP to achieve organisational-wide transparency and full[Read More…]
