new zealand
NZMP granted European patent for cognitive development claims in infant nutrition
The European patent allows NZMP customers using SureStart MFGM Lipids ingredients the ability to position products for cognitive development.
Fonterra announces Peter McBride as chairman-elect
Fonterra has announced that current farmer director, Peter McBride, has been selected as the Co-operative’s chairman-elect by his fellow directors.
Fonterra to pay more for sustainable, high value milk
Fonterra farmers producing sustainable, high quality milk will be eligible for a new payment, as Fonterra announces important changes to the way it pays farmers for their milk.
Day 50 from your lockdown
I realise many of you have had a longer lockdown than the UK, and have emerged to a new world where we all wear face masks and observe social distancing. We watch with hope as those of you wander out into the new world in whatever country you’re in, and try to make this new way of moving about work.
Fonterra’s interim results up in an uncertain market
Fonterra Co-operative Group has announced its 2020 interim results, which show the co-operative’s financial performance has improved with increased underlying earnings and reduced debt.
Fonterra chairman confirms retirement in November
Fonterra Co-operative Group chairman John Monaghan has confirmed that he will retire as a director of the co-operative when his current three-year term ends at its annual meeting this November.
Fonterra MD, People & Culture resigns
Fonterra has announced that Deborah Capill, managing director – people & culture, has resigned. Deborah is set to leave the co-operative in February 2020 to pursue a change in career.
Fonterra appoints chief operating officer
Fonterra has appointed Fraser Whineray to its management team in the newly created role of chief operating officer, starting in early 2020.
Fonterra forecasts losses of €390million
Fonterra has confirmed it forecasts losses of NZ$590-675 million (€342-390m) for the 2019 financial year (end 31 July 2019) ahead of full results being released in September.
Danone invests in carbon neutral spray drying plant
Global food company, Danone, has invested NZ$40 million (approx. €25 million) in its Nutricia spray drying plant towards achieving carbon neutrality by 2021.
Fonterra’s new sustainability targets include moving away from coal
Fonterra has laid out its new sustainability targets, which include reducing its reliance on coal energy and moving to 100% recyclable, reusable and compostable packaging.
Froneri to acquire Tip Top
Froneri will acquire New Zealand ice cream business, Tip Top, from dairy co-operative Fonterra.
Fonterra names Judith Swales as COO global foodservice
Fonterra CEO Miles Hurrell has confirmed Judith Swales to the role of chief operating officer, global consumer and foodservice. This follows her appointment to the role in an acting capacity earlier this year.
Miles Hurrell appointed as permanent Fonterra CEO
Fonterra Co-operative Group (FCG) has announced the permanent appointment of Miles Hurrell as its CEO, with immediate effect, after naming him interim CEO in August last year.