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Fonterra to close cheese production plant in Kaikoura, New Zealand

2016-03-17 01:00:00| Food Processing Technology

New Zealand-based Fonterra Co-operative Group has announced the permanent closure of its Kaikoura cheese facility.

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Fonterra completes $30m upgrade of Eltham cheese plant in New Zealand

2016-03-15 01:00:00| Food Processing Technology

Fonterra has completed a $30m upgrade of its cheese plant in Eltham, Taranaki, New Zealand.

Tags: plant zealand upgrade cheese

 
 

Fonterra cuts milk price forecast as glut persists

2016-03-07 22:54:13| Food - Topix.net

Four out of five dairy farmers in New Zealand will operate at a loss this season as the global slump in milk prices enters its third year. Fonterra Cooperative Group, the world's largest dairy exporter, cut its milk price forecast to a fresh nine-year low as oversupply continues to depress the global market.

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Fonterra to review governance structure

2016-02-01 12:03:54| Food - Topix.net

Fonterra Cooperative Group has kicked off a review of governance by posing the question of whether a board stacked with farmers has the right skills to drive a global business and whether milk suppliers in other countries should be able to hold shares. New Zealand's biggest exporter released a 13-page conversation starter ahead of farmer meetings this month, with the aim of having any changes to its structure put before shareholders for a vote in May. The review follows calls last year by shareholders and former directors Colin Armer and Greg Gent to shrink the board and increase its calibre following the departure of experienced independent Ralph Norris, former chief executive of Commonwealth Bank of Australia.

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Fonterra to review governance structure

2016-02-01 03:01:07| Automakers - Topix.net

Fonterra Cooperative Group has kicked off a review of governance by posing the question of whether a board stacked with farmers has the right skills to drive a global business and whether milk suppliers in other countries should be able to hold shares. New Zealand's biggest exporter released a 13-page conversation starter ahead of farmer meetings this month, with the aim of having any changes to its structure put before shareholders for a vote in May. The review follows calls last year by shareholders and former directors Colin Armer and Greg Gent to shrink the board and increase its calibre following the departure of experienced independent Ralph Norris, former chief executive of Commonwealth Bank of Australia.

Tags: review structure governance fonterra

 

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