Southern Pastures enters a joint venture with Westland Milk Products

NEW ZEALAND - Southern Pastures LP has announced that it would form a new venture with Westland Milk Products with intention to become a shareholder in the New Zealand’s dairy provider. As part of the agreement, Westland will receive more than 4 million kilograms of milk solids annually from Southern Pastures’ Canterbury dairy farms. Southern…

Synlait Milk partners with Foodstuffs South Island to supply fresh milk and cream

NEW ZEALAND - Synlait Milk has invested approximately US$125 million in an advanced liquid dairy packaging facility in a partnership with Foodstuffs South Island Limited to supply fresh milk and cream from early 2019. According to the company, it is seeking diversification in its business through investment in a range of dairy-based products that will…

Fonterra commits to eliminate greenhouse gas emissions by 2050

NEW ZEALAND - Fonterra has partnered with the New Zealand government  to reduce greenhouse gas emissions to zero by 2050, with a 30% reduction by 2030 from a 2015 baseline. According to the company, the partnership was an example of how the private and public sectors could work together to accelerate New Zealand’s transition to…

Hilton Food Group to build new plant in New Zealand

NEW ZEALAND - UK meat packing business Hilton Food Group has made plans to build a plant in New Zealand in its latest project, in partnership with Woolworths, Australia's largest grocer. Hilton will construct a new meat processing facility in Auckland to supply New Zealand retailer Progressive Enterprises, trading as Countdown Supermarkets, which is owned…

Mondelez moves its Cadbury confectionery to Australia

NEW ZEALAND – Mondelez International, an American multinational confectionery and beverage company, has moved from its Dunedin site in New Zealand to Australia, with 300 jobs lost. According to nzherald.co.nz, the move came after bids to find a local manufacturer failed despite an ‘exhaustive search and extensive work with a potential supplier’ no local manufacturer…

Synlait sets up R&D centre, to enter consumer markets

NEW ZEALAND - Synlait Milk is establishing a research and development centre with an initial investment of US$7million, as part of its new drive towards product development, process technology and packaging. The B2B manufacturer announced that it plans on entering the market for branded consumer products for the first time since it always had focused…

Fonterra increases annual revenues as profits decline

NEW ZEALAND – Fonterra, the world’s largest cooperative that processes milk and dairy products, has released its annual results which show a 12% increase in its revenue to US$17.6 billion, but with an 11% drop in its net profit after tax of US$682million due to lower margins. The giant dairy company however said it was…

Fonterra appoints pharma veteran as new Chief Financial Officer

NEW ZEALAND – Fonterra, the multi-national dairy cooperative company, has announced the appointment of Marc Rivers as the company’s new Chief Financial Officer effective March 1, 2018. Marc is an experienced global finance executive with exemplary strong strategic leadership capability, who is known for his commitment to leading and developing his people, with a track…