What Would Synlait Be Worth to Fonterra or a2 Milk?
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.
FONTERRA HAS opened a dairy ingredients warehouse in Dubai to help support the growing demand for dairy products throughout the Middle East, Africa, and the Commonwealth of Independent States (CIS) region.
The warehouse will enable Fonterra to hold more than 5,000 metric tonnes of product in Dubai ready for quick supply to customers.
It will work as a distribution hub for Fonterra's ingredients business which sells more than $2.3 billion in dairy ingredients throughout the region each year.
Pictured from left, : Jafza senior vice president, Adil al Zarooni; New Zealand Minister for Primary Industries Nathan Guy; Fonterra's general manager Middle East Africa and Commonwealth of Independent States, Miles Hurrell and Malcolm Miller – ambassador, New Zealand Embassy Dubai, officially opened the warehouse.
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