Fonterra-EECA partnership set to reduce emissions 25% at Brightwater site

NEW ZEALAND - Fonterra’s Brightwater dairy factory is set to reduce its carbon dioxide emissions by 25% following an industry first move that will significantly reduce the site’s reliance on coal. According to the company, it received a funding support from the Energy Efficiency and Conservation Authority (EECA), therefore conversion is about to get underway…

Fonterra partners with Apollo Foods in new technology to boost beverage market

NEW ZEALAND - Fonterra and Apollo Foods, an innovative start-up company have partnered to launch a new technology capable of running dairy and fruit beverages to boost the beverage industry in New Zealand. They have collaborated to install an innovative beverage filling technology that allows production of different containers on site and fill them with…

New Zealand dairy coop Fonterra CEO resigns as company reports loss

NEW ZEALAND – New Zealand dairy co-operative Fonterra has announced that its Chief Executive Theo Spierings will be leaving his role and the company later in 2018, and that they had embarked on a process in search of a new CEO. As part of the succession process, the company has said the decision to resign…

Fonterra profits slumps, blames downturn on a US$294m China write-down

NEW ZEALAND - Fonterra, the New Zealand dairy giant, posted s loss of US$252m after poor performance of Beingmate, the Chinese baby food in which it has a stake,  which led to massive write downs of upto US$294 million for the half year ending January 31. However, the dairy reported that overall sales revenue was…

Fonterra posts net loss of $348m on back of Beingmate impairment

NEW ZEALAND - Fonterra is reporting an after-tax loss of $348 million in the first half to January 31, down 36 per cent. However, board chairman John Wilson said the loss included a one-off Danone settlement and a write-down of the value of its Beingmate investment and its normalised profit is $248 million. "While our…

Fonterra invests US$11m to enhance 70% reduction in water use

NEW ZEALAND – Fonterra, a multinational dairy co-operative has made a US$11 million investment to construct an advanced technology plant at Fonterra’s Darfield manufacturing site that will reduce the amount of groundwater extracted by 70%. The new plant will use reverse osmosis method in purifying water, a technology that removes dissolved minerals, metals and other particles…

Fonterra partners with Beca to develop a health and safety training technology

NEW ZEALAND – Fonterra, a multinational dairy co-operative has partnered with the Beca Group, an employee-owned engineering and management consultancy service company to launch a health and safety technology. The new VR technology enables employees to navigate the company’s manufacturing and distribution sites without necessarily having to make on-site visitations, in the long run saving…

Fonterra Ventures enters into strategic partnership with German nutrition start-up

NEW ZEALAND - Fonterra Ventures has entered into its first strategic partnership, teaming up with German active nutrition start-up foodspring through an investment in its parent company, Goodminton AG. Fonterra Ventures is part of Fonterra Co-operative Group, and is responsible for developing new business models, and engaging, collaborating and exploring business opportunities with innovative start-ups. Germany-based Goodminton…

Fonterra signs a distribution agreement for its Anchor brand in Asia

ASIA - Fonterra has signed a new distribution agreement to avail its Anchor brand product range to millions of consumers in the South Asian dairy market, particularly Bangladesh. The agreement seeks to build on its brands in the potentially vital dairy markets within in Asia, the Middle East, and Latin America. Bangladesh is said to…