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Tuesday, February 28, 2023
Fonterra's COO to leave co-op
Fonterra announced this month that its chief operating officer Fraser Whineray intends to resign from Fonterra at the end of the cooperative's financial year on July 31.
Tuesday, December 13, 2022
Fonterra and Nestlé agree sale of DPA Brazil joint venture
Fonterra and Nestlé agreed on December 13 the sale of their Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for R$700 million (US$131.5 million).
Monday, December 12, 2022
Fonterra upgrades earnings guidance and posts strong first quarter
Fonterra Co-operative Group Ltd upgraded its earnings guidance this month to 50– 70 cents per share from 45-60 cents per share and lowered and narrowed its forecast Farmgate Milk Price range of $8.50-10.00 per kgMS to $8.50-9.50 per k ...
Thursday, December 1, 2022
New Zealand's first net zero dairy farm to be developed by Nestle and Fonterra
New Zealand's biggest milk processor, Fonterra, and Nestle are working together to develop New Zealand's first net zero dairy farm, Carbon Credits reported.
Tuesday, November 29, 2022
Fonterra confirms timeline for capital structure implementation
Fonterra confirmed on November 25 that its new Flexible Shareholding capital structure is set to be implemented in late March 2023, subject to the cooperative's board being satisfied that the relevant preparations are completed before then.
Wednesday, November 9, 2022
Fonterra appoints chief financial officer
Fonterra Co-operative Group announced on November 9 the appointment of Neil Beaumont to the role of chief financial officer, effective early February 2023.
Saturday, November 5, 2022
Fonterra to pay US$16 million to settle class action lawsuit over milk payment cuts
Fonterra has agreed to pay AUD 25 million (~US$16 million; AUD 1 = US$0.64) to settle a class action lawsuit filed against the company by Australian dairy farmers over reduced milk payments in 2016, Stuff New Zealand reported.
Monday, October 17, 2022
Fonterra announces new sustainable finance framework
As part of Fonterra's commitment to sustainability and implementation of its strategy, the co-operative has released on October 17 its Sustainable Finance Framework (Framework).
Friday, September 9, 2022
Fonterra lifts 2023 earnings guidance and revises milk collections
Fonterra Co-operative Group Limited announced on September 9 it has revised its 2023 forecast earnings guidance to 45-60 cents per share, up from 30-45 cents per share. It has also revised its forecast milk collections for the 2022/23 seaso ...
Thursday, August 25, 2022
Fonterra ramps up opportunities in complementary nutrition partnership
Fonterra and Royal DSM are establishing a new start-up company to accelerate the development and commercialisation of fermentation-derived proteins with dairy-like properties.
Tuesday, August 23, 2022
Fonterra announces acting CFO
Fonterra announced on August 23 that Chris Rowe will become its acting chief financial officer to replace current CFO Marc Rivers who is leaving the dairy cooperative at the end of 2022.
Monday, August 1, 2022
Fonterra to close milk powder plant in South Island, New Zealand
Fonterra has announced on August 1 it will be closing a milk powder plant at its site in Brightwater, South Island, New Zealand.
Tuesday, July 26, 2022
Fonterra appoints new managing director of strategy and optimisation
Fonterra has appointed Emma Parsons as its managing director of strategy and optimisation, effective from August 1, 2022.
Monday, July 18, 2022
Fonterra welcomes Milk-E, New Zealand's first electric milk tanker
New Zealand's first electric milk tanker, Milk-E, has been officially launched by the country's Minister for Energy and Resources, Dr. Megan Woods, in Morrinsville.
Friday, July 15, 2022
Fonterra director to retire from board
Long serving Fonterra director Donna Smit has confirmed she will retire from the Fonterra Board when her current three-year term ends at the cooperative's annual meeting on November 10.
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