Fonterra reports major progress as half year profits climb to US$298.5m

NEW ZEALAND – New Zealand farmer-owned dairy co-operative, Fonterra lifted its half year net profit after tax to NZD501 million (US$298.5m), up from NZD72 million (US$42.2m), representing a 595.8% growth in reported profit as the […]

Fonterra Chairman John Monaghan to retire in November

NEW ZEALAND – Fonterra Co-operative Group’s Chairman, John Monaghan has confirmed that he will retire as a Director of the dairy Co-operative after serving as in the company’s board for more than a decade. Monaghan […]

Fonterra selects HCL Technologies for IT infrastructure transformation

NEW ZEALAND – New Zealand dairy co-operative, Fonterra has partnered with global technology company, HCL Technologies to modernise and manage the entire technology infrastructure Fonterra employees around the world use every day. The multi-year partnership […]

Fonterra transitions into more sustainable energy at the Te Awamutu site

NEW ZEALAND – New Zealand’s leading dairy processor, Fonterra has announced that its Te Awamutu site, located in the Waikato region, North Island of the country will stop using coal starting next season. The farmer […]

Fonterra sells stake in joint venture DFE Pharma for US$361.8m

NEW ZEALAND – Fonterra has completed the sale of its 50% stake in the joint venture company it formed with Royal FrieslandCampina, DFE Pharma to CVC Strategic Opportunities II for NZD554 million (US$361.83m). The company […]

Fonterra is making good progress towards achieving new strategy, says CEO Miles Hurrell

NEW ZEALAND – In September this year, New Zealand dairy co-operative, Fonterra unveiled a new operating model and organization strategy introducing a new customer-led operating model in a bid to drive profitability. After nearly three […]

Fonterra releases annual sustainability report highlighting progress towards 2030 ambitions

NEW ZEALAND – Fonterra has published its 2019 sustainability report, highlighting the dairy co-operative’s major strides towards fostering a sustainable future in areas of energy, carbon emissions and health. In the report, the dairy processor […]

Fonterra partners with By-Health to bolster research on nutritional solutions

CHINA – New Zealand dairy cooperative Fonterra has entered into a strategic research and development partnership with global vitamin and dietary supplements enterprise, By-Health. The companies will focus on developing nutritional solutions for the health […]

Fonterra appoints Fraser Whineray as new chief operating officer

NEW ZEALAND – Fonterra has appointed Fraser Whineray to its management team in the newly created role of Chief Operating Officer, starting in early 2020. Mr Whineray will join the dairy cooperative form the New […]

Fonterra reports annual loss, unveils new strategies to drive profitability

NEW ZEALAND – Fonterra reported an annual loss of NZD 605 million ($380.1 million) for the year ending July 2019 as the dairy cooperative struggled with write-downs across its business amounting to NZD787m (US$497.4m). Fonterra […]