A Year of Delivery for Fonterra
Fonterra’s 2026 financial year was a year of delivery, with record volumes of milk collected, processed and shipped by the co-op.
Fonterra is closing its Kaikoura site with 22 jobs set to go.
Mark Leslie, Director New Zealand Manufacturing, says Fonterra will be discussing the proposal over the coming weeks with the employees, with a decision expected mid-March.
"This is a difficult process for our people and supporting them is our priority as we work through the details," says Leslie.
"We will be discussing all options and opportunities available to our staff around their future employment, as well as providing the support they need to make decisions should the closure go ahead."
Fonterra Kaikoura employs 22 full time staff and typically operates between three to five months a year producing a small volume of specialty cheese. Moving this production to other sites would bring significant cost savings for the business and its 10,500 farmer shareholders.
"The proposal to close the Kaikoura site has not been made lightly and is one intended to help generate cost savings for the benefit of all Fonterra farmer shareholders," says Leslie.
Fonterra’s 2026 financial year was a year of delivery, with record volumes of milk collected, processed and shipped by the co-op.
OPINION: The Government's decision to reinstate agriculture and horticultural science as a standalone subject from Year 11 is the right one.
Dairy farmers, still holding onto their Fonterra shares despite switching milk supply elsewhere or exiting the industry, now face a stricter share sell-down requirement.
Hamilton-based agritech company Aimer Farming has completed a $3 million capital raise to support its next stage of growth, including a beef farming product due to launch in 2027.
When dairy manager Miriam Lauridsen learned the farm, she was joining held weekly health and safety meetings, she initially thought that was “a bit over the top”. Experiencing that culture changed her mind.
Nominations are open for the 2027 Fonterra Dairy Woman of the Year Award.