Lactalis in front to acquire Fonterra’s Australian dairy assets after ACCC clearance
The world's largest dairy company may be in pole position to acquire Fonterra's Australian assets.
Fonterra has announced $15 million in investments in electrification projects across the North Island over the next 18 months.
The investment will see electric boilers installed at the co-operative’s Whareroa, Edgecumbe, and Waitoa sites, along with further fleet decarbonisation.
The co-operative says this will contribute towards its goal of a 50.4% reduction in Scope 1 & 2 greenhouse gas emissions by 2030 from a 2018 baseline.
Fonterra chief operating officer, Anna Palairet, says the investments mark a significant step for the co-operative’s future operations.
“Last year, we turned off the last coal boiler in the North Island, meaning manufacturing operations in the North Island are now coal-free,” Palairet says.
She says these investments are the next step in creating enduring assets that are fit for the future as Fonterra looks to reduce its reliance on gas.
“Choosing the right energy solutions is about striking a balance between affordability, security of energy supply and reducing our environmental footprint, and the new electric boilers are crucial to navigating this challenge,” Palairet adds.
She says the electrification projects play a significant role in ensuring efficient operations with a reliable energy supply for Fonterra’s manufacturing sites and to support the long-term sustainability of the business.
“It also represents a commitment to our farmer owners that we are building a resilient, future-ready co-operative,” she concludes.
Global trade wars and uncertain tariff regimes could play into the hands of many New Zealand exporters, according to Gareth Coleman ANZ’s Head of Trade & Supply Chain.
The long running trade dispute between NZ and Canada appears to be over.
Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.
There's been widespread support from the primary sector for the Government's move to put the brakes on local authorities to do any more work on planning changes ahead of major changes to the Resource Management Act (RMA).
Rural health advocates say the Government's decision to establish a new medical school at the University of Waikato augurs well for the rural sector.
People affected by the recent two severe flood events in the Tasman district are weary and exhausted trying to deal with the devastation on their farms and orchards, according to the head of the Rural Support Trust (RST) in the region.
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