SOUTH KOREA - A2 Milk Co, a New Zealand public listed company, has signed an exclusive distribution deal with Yuhan Corp in South Korea, more than a decade after an earlier foray into that country which ended in litigation. According to New Zealand Herald, the Auckland-based, Sydney-headquartered company signed an exclusive sales and distribution agreement…
UK - Countries from across the Commonwealth have pledged to eliminate avoidable single use plastic in an ambitious bid to clean up the world’s oceans. According to UK Whales Org, other countries like New Zealand, Sri Lanka and Ghana have become the latest nations to join the UK and Vanuatu-led Commonwealth Clean Oceans Alliance – an…
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 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 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…
NEW ZEALAND - French food group Danone unveiled a US$25 million upgrade and expansion of its Auckland infant formula blending, processing and packaging plant, effectively doubling its production capacity. The upgrade cements New Zealand as a critical, strategic supply point for local and regional markets, Danone said. Cyril Marniquet, New Zealand operations director for Danone…
NEW ZEALAND - Fonterra and a2 Milk company have entered into a strategic partnership that will enable Fonterra and its farmers source an a2 milk pool to increase production of a2MC products across New Zealand and also, Australia. They intend to expand the scope of the program in one way to meet the growing demand…
NEW ZEALAND - Southern Pastures LP has announced that it would form a new venture with Westland Milk Products with intention to become a shareholder in the New Zealand’s dairy provider. As part of the agreement, Westland will receive more than 4 million kilograms of milk solids annually from Southern Pastures’ Canterbury dairy farms. Southern…
NEW ZEALAND - Synlait Milk has invested approximately US$125 million in an advanced liquid dairy packaging facility in a partnership with Foodstuffs South Island Limited to supply fresh milk and cream from early 2019. According to the company, it is seeking diversification in its business through investment in a range of dairy-based products that will…
