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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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]