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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
