increase font size
Fonterra president Global Market Ingredients Richard Allen.
Fonterra is spending $75 million at its Studholme site in South Canterbury to boost high value protein production.
The co-operative says its proteins have enhanced functionality and are designed to perform well in premium product applications such as medical and high-protein sports nutrition.
The global high protein dairy category is projected to grow by close to US$10 billion over the next four years, at an annualised growth rate of 7% per annum.
Fonterra chief executive Miles Hurrell says the investment is part of the co-op's strategy to grow value through its world-leading Ingredients business by partnering with customers who value Fonterra's unique offering.
"We have valuable expertise in dairy science and innovation, making us leaders in the manufacture of dairy proteins and other advanced ingredient solutions.
"The expansion of our Studholme site will allow us to increase production of this high-value product and ultimately grow returns to farmers," says Hurrell.
Fonterra president Global Markets Ingredients, Richard Allen, says the co-op's dairy ingredients are highly sought after by customers globally.
"Increasing our manufacturing capacity for functional proteins will enable us to continue to strengthen our offerings with existing customers as well as attract new business."
Site works at Studholme will begin next month with the first product due to come off the line in 2026. In addition to producing advanced proteins, the site will continue to support the South Island's milk processing as it has down since Fonterra acquired the site in 2012.
Allen says the project team reviewed Fonterra's world-wide asset network before deciding on the Studholme site.
"It's pleasing to see we are able to expand an existing site to produce these high value ingredients. The Studholme site was chosen as it is the right size, relatively new and has been built with future expansion in mind. It makes sense economically and we're confident in the longevity of the site to supply these ingredients for the long term," says Allen.
Fonterra expects six new roles at the site will be created as a result of this project and a large number of contractors involved in the build will come from the Canterbury region.
The project will also support the conversion of Studholme's existing coal boiler to a coal-free alternative in line with Fonterra's commitment to exit coal by 2037.
Opuha Dam's ability to protect South Canterbury communities from major flooding has taken a significant step forward, with Opuha Water Limited (OWL) successfully commissioning a new outlet valve capable of releasing record volumes of water from the dam ahead of a weather event.
It's only just hit the market, but a new forage rape bred for dryland farms has already won the approval of lambs and young cattle both north and south.
Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question, says agribusiness expert Dr Nic Lees.
In the past, much has been made of the concept of farm to fork, but an Australian expert in food science and marketing with experience in the dairy industry, Dr Angeline Achariya, says the reverse of this slogan is critical to win modern day consumers.
A four year trial has reaffirmed that mixing plantain into dairy pastures can help reduce nitrogen losses to freshwater while maintaining milk production and profitability, say researchers.
B+LNZ's Wormwise veterinarian Mary Bowron has won the Best Sheep and Beef Vet of the Year Award in recognition of her outstanding contribution to New Zealand’s sheep and beef sector.
Researchers at Massey University are using a special piece of scientific equipment to improve the measurement of greenhouse gas emissions from pasture soils.
More signs of a booming kiwifruit sector.
OPINION: David Seymour and James Meager's plan to make it easier for farmers and orchardists to operate drones can best be described a 'courageous' move.
New Zealand wool is reaching new heights as air filtration companies move away from synthetic products to biodegradable alternatives.
Opuha Dam's ability to protect South Canterbury communities from major flooding has taken a significant step forward, with Opuha Water Limited (OWL) successfully commissioning a new outlet valve capable of releasing record volumes of water from the dam ahead of a weather event.
OPINION: After hogging the media limelight for telling a NZ Chinese MP to "go back home", Winston Peters has decided…
OPINION: With fuel prices soaring, one would have expected most farmers to be reclaiming excise duty on petrol.
