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 - Fonterra has added a new range of cheese with a lactose free option, to add to its Anchor brand in New Zealand with introduction of five new varieties. According to the company, these include the traditional varieties including Tasty, Colby and Edam as well as two new additions – Protein+ and Zero…
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…
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…
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…
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…
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…
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…
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…
WORLD - Consumers aren’t just eating more butter, they are willing to pay more for it, a boon that’s giving outsize gains to makers of premium brands. Global retail butter sales will expand 2.9 percent to $19.4 billion in 2018, outpacing the 1.9 percent growth in sales volumes, according to Euromonitor International. The trend is fanning…
