Fonterra to reduce stake in Chinese infant formula maker Beingmate

NEW ZEALAND – The New Zealand milk coorporative, Fonterra, has said that it will be reducing part of its 18.8% shareholding in Chinese infant formula manufacturer Beingmate. The company’s chief executive, Miles Hurrell, said the […]

Fonterra targets 100% recyclable and reusable packaging by 2025

NEW ZEALAND – The New Zealand milk coorporative, Fonterra has pledged to make all its packaging recyclable, reusable or compostable by 2025 in a global commitment to reduce its carbon footprint. The company has also […]

First Milk acquires Fonterra’s stake in whey protein joint venture

UK – The New Zealand dairy corporative, Fonterra has agreed to offload its 51% stake in the Fast Forward joint venture with British dairy cooperative First Milk. First Milk which supplies milk, cheese and other […]

Fonterra considers sale of stake in Brazilian joint venture, to close Australian facility

USA – New Zealand dairy giant, Fonterra has announced that it has reached an agreement with Nestle for potential sale of respective stakes in their Dairy Partners Americas (DPA) Brasil joint venture. Fonterra has also […]

Fonterra sells Tip Top ice cream business to Froneri for US$250m

NEW ZEALAND – New Zealand’s dairy giant, Fonterra has agreed to sell its Tip Top ice cream business to global ice cream manufacturer Froneri for US$250 million (NZD 380 million). The transaction is expected to […]

Bubs Australia partners Fonterra to produce first organic infant formula

AUSTRALIA – Bubs Australia has partnered with New Zealand’s dairy co-operative, Fonterra to launch certified organic grass-fed cow milk infant formula in Australia. Bubs Australia has entered into a supply agreement with Fonterra to produce […]

Fonterra and Coca-Cola in strategic alliance to grow in Southeast Asia

ASIA – The world’s soft drinks giant, Coca-Cola and New Zealand’s dairy co-operative, Fonterra have entered into a strategic alliance to capitalize on the growing dairy and beverages market in Southeast Asia. The companies are […]

Fonterra recognizes high-performing farmers in new sustainability approach

NEW ZEALAND – The leading New Zealand’s dairy co-operative, Fonterra has unveiled a new sustainability approach which recognises farmers who strive to produce high-quality milk sustainably. Fonterra says the new approach will help equip farmers […]

Fonterra returns to profitability with 2% rise in sales volume, to sell DFE Pharma stake

NEW ZEALAND – The New Zealand dairy co-operative, Fonterra has reported a net profit after tax of US$54.7 million (NZD 80 million), up 123% boosted by increase in sales volume. In the six months ended […]

Fonterra appoints Judith Swales as head of Global Consumer and Foodservice

NEW ZEALAND – The New Zealand dairy giant, Fonterra has appointed Judith Swales as the company Chief Operating Officer, Global Consumer and Foodservice effective immediately. Judith Swales was appointed to the role in acting capacity […]