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.
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...
New Zealand dairy giant Fonterra said it remains "committed" to Sri Lanka, despite initiating a temporary suspension on operations in the country....
- Danone's global push for Danonino – interview
- How Hormel Foods can benefit from Justin's
- RTRS looks for systemic solutions to progress
- The balancing act at Amy's Kitchen - interview
- Tackling infant formula fraud in China
- Nestle sets new savings target
- Premier takes control of powders JV Knighton
- Wilmar, Adani and Ruchi Soya announce India JV
- TreeHouse rationalises production network
- ConAgra focusing on core with Spicetec sale