The company’s main shareholders have agreed that the withdrawal will be executed by selling the 3,586,797 shares of Fonterra (Europe) Coöperatie U.A. to the Company Strategic investor Fonterra decided to withdraw its minority stake in the share capital of Lithuanian-based AB Rokiškio sūris, in line with its strategic long-term review[Read More…]
Tag: Fonterra
Value innovations address health concerns amid rising costs
The research surveys 2,500 respondents across China, Japan, South Korea, the United Kingdom and the United States Four in 10 consumers worldwide find health and well-being nutritional products too expensive, with one-third of users saying that rising costs have made it hard to continue purchasing them. Despite feeling the pinch, health and well-being still take centre[Read More…]
Fonterra strikes gold with top awards on International Cheese Day
The cooperative took home a total of 52 awards, including 21 for its premium Kāpiti range Fonterra continues to add to its trophy cabinet successfully at this year’s New Zealand Cheese Awards, which were announced just ahead of International Cheese Day. The cooperative took home a total of 52 awards,[Read More…]
Fonterra ingredients brand launches game-changing tool
Customers will also be able to request carbon footprint certificates for specific New Zealand NZMP products In an industry first, Fonterra’s ingredients and solutions brand, NZMP, has launched a tool to help customers access the emissions profile of individual New Zealand NZMP products. The NZMP Carbon Footprint gives customers the ability to access the[Read More…]
Fonterra plans to merge New Zealand and Australian brands
The integration will take effect on May 1, 2024. René Dedoncker, Fonterra Australia’s managing director, will lead the new Fonterra Oceania team Fonterra, the dairy cooperative, plans to merge its New Zealand and Australian brands into a single entity called Fonterra Oceania. CEO Miles Hurrell stated in a letter to[Read More…]
Fonterra to install first electrode boiler in Switzerland
In its next step to get out of coal, Fonterra has announced it will install a 20-megawatt electrode boiler at its Edendale site in Switzerland This is another step for the cooperative as it works to get out of coal by 2037 and reduce Scope 1 and 2 emissions by[Read More…]
Nestlé partnership sees extra payment offered to Fonterra farmers
One year on from announcing a partnership designed to help reduce on-farm emissions, Fonterra and Nestlé are pleased to confirm the next step they’re taking to support farmers with their sustainability actions A new agreement will see Nestlé fund an additional payment to farmers who achieve one of the three levels of[Read More…]
New Zealand’s Fonterra and Nestlé complete sale of DPA Brazil
Fonterra and Nestlé sold the JV for BRL 700 million, which is approximately NZD 240 million at current exchange rates New Zealand-based Fonterra Co-operative Group Ltd confirmed that the sale of Fonterra and Nestlé’s Dairy Partners Americas (DPA) Brazil joint venture (JV) to French dairy company Lactalis is complete. Miles[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…]
