NEW ZEALAND: Fonterra to double UHT milk supply
Fonterra ups UHT production
New Zealand dairy co-operative Fonterra plans to invest NZD100m (US$82m) to double its UHT milk supply in order to service emerging markets in Asia.
Fonterra said today (27 February) that it will spend more than NZD100m to build a new UHT milk processing plant at its Waitoa site in Waikato.
"The new plant will enable us to increase our UHT production by 100% over the next few years," said Fonterra's CEO, Theo Spierings. "Products from the new plant will be bound for Asia markets."
Supplying the plant year-round will require more Fonterra farmers to sign winter contracts, which will include a premium price because winter months are outside of the traditional milk supply season. An initial survey in New Zealand's North Island suggests "a good proportion" of farmers would be keen to sign a winter contract, said Spierings.
The new plant will predominantely produce UHT milk and cream for foodservice sectors. Meanwhile, domestic UHT milk production, including supply for Fonterra Milk for Schools, will be concentrated at the firm's Takanini facility in Auckland.
Fonterra is ranked in the top 20 among dairy players. However, this is due for the most part to its strong presence in Australasia. The company is looking to diversify, investing in a China-based dair...
After Lindt & Sprungli reported higher solid first-half results last week, just-food interviewed the Swiss chocolate group's CEO Ernst Tanner to discuss its growth in mature markets and its patient st...
Fonterra Brands (New Young) Pte Ltd plans to promote its products by sponsoring cooking events, seminars or competitions and by sharing the recipes with dairy products and butter. The majority of its ...
New Zealand dairy giant Fonterra said it remains "committed" to Sri Lanka, despite initiating a temporary suspension on operations in the country....
Fonterra Brands (NZ) Ltd is expected to remain focused on driving sales of key brands within the dairy categories in which it is present. Constant new product development and innovation are expected t...
Over the forecast period, Fonterra Brands (Hong Kong) Ltd is expected to focus its efforts on dominating the supply of dairy products in the foodservice channel. This is likely to be achieved by gener...
- Carrefour's Indian exit highlights challenges
- Comment: Slim Fast sale evidence of declining diet
- PepsiCo chief scientific officer Dr Mehmood Khan
- Focus: Trade restrictions hitting Russian outlook
- Eyeing Egypt: Why firms are queueing up to invest
- Unilever sells Slim-Fast to PE firm Kainos Capital
- 2 Sisters Newport site sold to former execs
- Fonterra, Abbott team up for "dairy hub" in China
- Silver Spoon sugar sours ABF grocery sales
- FrieslandCampina appoints new CFO