Fonterra reports major progress as half year profits climb to US$298.5m

NEW ZEALAND – New Zealand farmer-owned dairy co-operative, Fonterra lifted its half year net profit after tax to NZD501 million (US$298.5m), up from NZD72 million (US$42.2m), representing a 595.8% growth in reported profit as the […]

Synlait Milk appoints Angela Dixon as Chief Financial Officer

NEW ZEALAND – Synlait Milk has appointed Angela Dixon as the Chief Financial Officer of the New Zeeland-based infant formula maker and dairy processing major, effective 15 June 2020. Angela, who is the current Chief […]

The a2 Milk partners with Agrifoods to support expansion in Canada

CANADA – The a2 Milk Company has entered into an exclusive licensing agreement with Agrifoods Cooperative for the production, distribution, sale and marketing of a2 Milk branded liquid milk for the Canadian market. The arrangement […]

Fonterra Chairman John Monaghan to retire in November

NEW ZEALAND – Fonterra Co-operative Group’s Chairman, John Monaghan has confirmed that he will retire as a Director of the dairy Co-operative after serving as in the company’s board for more than a decade. Monaghan […]

The a2 Milk Company appoints Susan Massasso as first Chief Growth Officer

NEW ZEALAND – The a2 Milk Company has appointed its former Globla Chief Marketing Officer, Susan Massasso, to the newly created role of Chief Growth and Brand Officer. The milk and infant formula products company […]

Fonterra selects HCL Technologies for IT infrastructure transformation

NEW ZEALAND – New Zealand dairy co-operative, Fonterra has partnered with global technology company, HCL Technologies to modernise and manage the entire technology infrastructure Fonterra employees around the world use every day. The multi-year partnership […]

New Zealand’s co-operative Alliance Group acquires minority stake in India partner

NEW ZEALAND – Alliance Group, a New Zealand farmer-owned co-operative has acquired 10.4% stake in its India partner QualityNZ, which supplies New Zealand’s products such as red meat, seafood and wine to India. Alliance Group […]

Fonterra transitions into more sustainable energy at the Te Awamutu site

NEW ZEALAND – New Zealand’s leading dairy processor, Fonterra has announced that its Te Awamutu site, located in the Waikato region, North Island of the country will stop using coal starting next season. The farmer […]

Fonterra sells stake in joint venture DFE Pharma for US$361.8m

NEW ZEALAND – Fonterra has completed the sale of its 50% stake in the joint venture company it formed with Royal FrieslandCampina, DFE Pharma to CVC Strategic Opportunities II for NZD554 million (US$361.83m). The company […]

New Zealand’s packaging supplier Grounded gets backing from Impact Investment Fund

NEW ZEALAND – Grounded, an Auckland-based sustainable packaging supplier has received an undisclosed investment form Impact Enterprise Fund, New Zealand’s first impact investing fund. Grounded supplies a range of sustainably sourced packaging, including pouches and […]