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…]
Tag: Miles Hurrell
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…]
Fonterra to open new application centre in Wuhan China
This new addition will join the existing Beijing, Chengdu, Guangzhou, Shanghai, and Shenzhen centres Fonterra has announced the opening of its sixth application centre in China, set to open later this year in Wuhan. Construction of the centre is currently underway. This new addition will join the existing Beijing, Chengdu,[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…]
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…]
