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

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%

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 […]

Yili posts strong half-year results as its global expansion gains momentum

CHINA – Yili Group, a state-owned Chinese dairy company, posted net profit of RMB 3.8bn (US$505 million) during its first half of 2019, supported by continuous expansion in Southeast Asia. Yili’s global operating revenue grew […]

A2 Milk reports 41.4% growth in revenues boosted by performance in China

NEW ZEALAND – The milk and infant formula products company, A2 Milk reported a 41.4% growth in full year revenue to US$830.2 million (NZD1.3 billion), on strong results in China. During the most recent twelve […]

Danone’s Nutricia debuts first ‘Karicare Toddler Sheep Milk’ formulation

AUSTRALIA – Danone’s Nutricia, global leader in specialised nutrition has launched its first Karicare Toddler Sheep Milk formulation in Australia. Nutricia said that the launch of the product represents “a significant step for the New […]

Fonterra to reduce stake in Chinese infant formula maker Beingmate

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 […]

Yili completes takeover of New Zealand’s Westland Co-operative Dairy

NEW ZEALAND – Yili group, the state-owned Chinese dairy company, has finalised the acquisition of Westland Co-operative Dairy Company, an independent co-operative dairy company in New Zealand. In March this year, Westland entered into an […]

Danone to invest US$26.5m in New Zealand’s Nutricia plant to reduce carbon emissions

NEW ZEELAND – French dairy giant, Danone has unveiled that it will be investing US$26.5 million (NZD40 million) in its Nutricia spray drying plant in New Zealand to help the site achieve carbon neutrality by 2021. According […]

Fonterra targets 100% recyclable and reusable packaging by 2025

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 […]

Pernod Ricard unveils new designs for Malibu rum portfolio

NEW ZEALAND – Pernod Ricard has launched a new design for Malibu portfolio including a refreshing look for its iconic bottle range and ready-to-drink (RTD) cans. Set to attract millennial consumers, the make-up involves an […]