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Tuesday, April 28, 2009
Fonterra exits joint venture in India (Press Release)
April 28, 2009   Fonterra exits joint venture in India   Press Release   Fonterra announced it will exit its investment in Britannia New Zealand Foods Pvt Ltd, a joint venture based in India, and pass its stake to partner Britannia Ltd as i ...
Tuesday, April 28, 2009
Fonterra increases payout forecast for 2008-09 season (Press Release)
April 28, 2009 Fonterra increases payout forecast for 2008-09 season   Press Release     Fonterra Co-operative Group has announced a revised forecast payout for the 2008/09 season of NZ$5.20 per kilogramme of milk solids (kgMS), up 10 cents ...
Wednesday, April 15, 2009
Fonterra plans to buy Sanlu's shares in dairy farm
April 15, 2009 Fonterra plans to buy Sanlu's shares in dairy farm                                    New Zealand's Fonterra Co-operative Group, the world's largest dairy trader and former partner of Sanlu Group, plans to buy Sanlu's shares ...
Wednesday, April 8, 2009
Fonterra enters Egypt with new partnership with Arab Dairy (Press Release)
April 8, 2009 Fonterra enters Egypt with new partnership with Arab Dairy   Press Release     Fonterra announced it has signed an agreement with Arab Dairy Products Co., one of the leading dairy companies in Egypt, to manage the franchising, ...
Friday, April 3, 2009
Fonterra announces new Managing Director China (Press Release)
April 3, 2009 Fonterra announces new Managing Director China   Press Release     Fonterra China has announced the appointment of Philip Turner as the new Managing Director China. Turner will assume the position when the current Managing Dir ...
Thursday, April 2, 2009
Fonterra milk powder price increase for second month
April 2, 2009 Fonterra milk powder price increase for second month Fonterra said near-term whole milk powder prices have increased to a five-month high amid rising demand. Milk powder for June delivery rose 0.9 percent from the May price se ...
Tuesday, March 24, 2009
Fonterra H1 sales grow 9.6 percent
March 24, 2009 Fonterra H1 sales grow 9.6 percent Fonterra's first-half sales rose 9.6 percent to NZ$8 billion, reflecting a change in balance date and as the weaker New Zealand dollar boosted returns. The results marked an improvement from ...
Tuesday, March 3, 2009
Fonterra announces new hire for ingredients operations (Press Release)
March 3, 2009 Fonterra announces new hire for ingredients operations   Press Release     Blake Anderson has joined Fonterra Co-operative Group, taking up the newly created role of Director, Value Added Ingredients. Anderson, who will be bas ...
Saturday, February 21, 2009
Fonterra confirms no melamine in its products
February 21, 2009 Fonterra confirms no melamine in its products   Fonterra has announced that none of its products contained melamine after the company was informed that an ingredient supplied by a supplier had tested positive for melamine. ...
Tuesday, January 27, 2009
Fonterra releases statement on Sanlu verdict (Press release)
January 27, 2009   Fonterra releases statement on Sanlu verdict     The CEO of Fonterra, Mr Andrew Ferrier over the weekend said that the company had refrained from making any comment on the criminal proceedings in China until he had had th ...
Wednesday, January 21, 2009
Fonterra appoints new chief financial officer (Press Release)
January 21, 2009 Fonterra appoints new chief financial officer   Press Release     Fonterra Co-operative Group has announced the appointment of Jonathan Mason as its new Chief Financial Officer, effective February 16.  Mason succeeds Guy Co ...
Wednesday, January 14, 2009
Fonterra cuts milk payment to Australian farmers
January 14, 2009 Fonterra cuts milk payment to Australian farmers                                               Dairy co-operative Fonterra has announced it will reduce its milk price paid to Australian farmers by 32 percent between Februar ...
Tuesday, January 6, 2009
Fonterra cuts opening prices for milk
January 6, 2009 Fonterra cuts opening prices for milk Milk suppliers to Fonterra have been told over Christmas that they will lose a November-announced price increase this month. Fonterra prices will revert to the opening prices announced i ...
Tuesday, December 30, 2008
New Zealand's Fonterra may cut payout to dairy farmers
December 30, 2008 New Zealand's Fonterra may cut payout to dairy farmers New Zealand's dairy co-operative, Fonterra, said it may further cut its current fiscal year forecast payout to farmers. The Auckland-based dairy company said a sharp f ...
Friday, December 12, 2008
Fonterra cuts shareholder's price by 20 percent
December 12, 2008 Fonterra cuts shareholder's price by 20 percent New Zealand dairy giant Fonterra on Friday (Dec 12) slashed the value of its shareholder's shares by 20 percent due to "unprecedented turmoil in world equity and financial ma ...
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