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Fonterra to sell Australian yogurt and dairy dessert business to Parmalat Australia

2015-12-16 01:00:00| Food Processing Technology

Fonterra Co-operative Group has signed an agreement to sell its Australian yogurt and dairy dessert business to Parmalat Australia, following exclusive negotiations.

Tags: business sell australia australian

 

Fonterra Maintains 2015/16 Forecast Farmgate Milk Price

2015-12-10 15:53:03| Food - Topix.net

Fonterra Co-operative Group Limited today maintained a forecast Farmgate Milk Price of $4.60 per kgMS. Along with the November announced estimated Earnings Per Share range of 45-55 cents, this amounts to a total available for payout of $5.05-$5.15 kgMS and would currently equate to a total forecast Cash Payout of $4.95-$5.00 [1] .

Tags: price milk forecast maintains

 
 

Fonterra Australia To Invest $141 Million In State-Of-The-Art Cheese Plant

2015-12-02 09:29:22| dairynetwork News Articles

Fonterra Australia will invest NZ$141 million in building a state-of-the-art cheese plant at its Stanhope factory. The new facility will replace the hard cheese plant, which was destroyed by fire in December 2014, with a larger, modern facility that will produce cheeses for Australian consumer, foodservice and export markets.

Tags: australia million plant invest

 

Fonterra Australia to invest $93.6m in building a cheese plant at Stanhope factory

2015-12-02 01:00:00| Food Processing Technology

Fonterra Australia will invest NZD141m ($93.6m) in building a cheese plant at its Stanhope factory to replace the hard cheese plant that was destroyed by fire in December 2014.

Tags: building australia plant factory

 

Fonterra loses suit brought by former NZ Dairies suppliers

2015-12-01 05:35:08| Food - Topix.net

Farmers who formerly supplied milk to the failed New Zealand Dairies' milk processing plant at Studholme have won a High Court case against Fonterra Cooperative Group challenging the legality of new inferior supply contracts they were offered by the dairy giant. The nub of the case was whether Fonterra, which bought the Studholme plant from the receivers in 2012, was lawfully able to offer the former suppliers to the plant so-called "growth contracts" on inferior terms in order to keep its existing farmer suppliers sweet.

Tags: brought suit suppliers loses

 

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