Tag: Fonterra

Fonterra releases annual sustainability report highlighting progress towards 2030 ambitions

Food Business Africa

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

Food Business Africa

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

Food Business Africa

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

Food Business Africa

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

Fonterra offloads 50% stake in DFE Pharma in debt management strategy

Food Business Africa

NEW ZEALAND – Fonterra has agreed to sell its 50 percent stake in DFE Pharma, a joint venture with Royal Friesland Campina, for NZD 633 million (US$401 million). The 50% stake in DFE Pharma will be […]

Fonterra’s chairman John Monaghan due to step down in 2020

Food Business Africa

NEW ZEALAND – Fonterra’s chairman John Monaghan is due to retire as a director in 2020 and will the work with the board of the dairy giant to plan succession. Monaghan was elected to the […]

Fonterra delays annual results reporting date to finalize accounts after write-downs

Food Business Africa

NEW ZEALAND – Fonterra has advised a change of date for reporting its audited financial results for the financial year ending 31 July 2019. The dairy cooperative, which was previously expected to report the financial […]

Fonterra commits to reducing water use at six New Zealand facilities by 30%

Food Business Africa

NEW ZEALAND – The leading New Zealand dairy co-operative, Fonterra has raised its sustainability targets and pledging to reduce water use at six of its New Zealand new manufacturing sites by 30% by 2030. The […]

Fonterra to reduce stake in Chinese infant formula maker Beingmate

Food Business Africa

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

Food Business Africa

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 […]