Processors boost GHG credentials
Dairy's superpowers are lifting their game on proving greenhouse gas credentials.
Danone has been cleared by the Overseas Investment Office (OIO) to take an indirect shareholding of up to 65% in Yashili New Zealand.
Danone currently has an indirect shareholding of about 30% in Yashili NZ.
The application was made by Danone Asia Pacific which is a wholly owned indirect subsidiary of global food and beverage company Danone SA. The French listed company has a 44% US public shareholding.
Yashili NZ operates a dairy production plant in Pokeno, Waikato. The OIO says the land is not considered sensitive under the Overseas Investment Act.
“The applicant has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character,” the OIO says in its decision.
“The applicant has also demonstrated financial commitment to the investment.”
Yashili NZ Dairy, a joint venture between Yashili and Mengnui established in 2012, has $220 million invested in its dairy plant in Pokeno. It has capacity to produce 52,000 tonnes a year of infant formula.
While healthcare itself got a $5.5 billion investment in Budget 2025, rural doctors are sounding the alarm about growing health inequities in rural New Zealand.
Hawke’s Bay Regional Council says a new plan for managing the Wairoa River Bar will improve resilience for the Wairoa community in flood events.
Otago Regional Council is set to begin its annual winter farm flyovers in the next three weeks.
The Good Carbon Farm has partnered with Tolaga Bay Heritage Charitable Trust to deliver its first project in Tairāwhiti Gisborne.
Education union NZEI Te Riu Roa says that while educators will support the Government’s investment in learning support, they’re likely to be disappointed that it has been paid for by defunding expert teachers.
The Government says it is sharpening its focus and support for the food and fibre industry in Budget 2025.
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