Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Fonterra chief executive Miles Hurrell has been on his first overseas trip in nearly two years.
The co-op confirmed that Hurrell was in Europe and the Middle East on a two-week visit to meet customers and staff.
A Fonterra spokesperson says it's been nearly two years since Hurrell has been able to get out and see offshore customers and employees.
"With 95% of our product exported and half our employees outside NZ, it's important he gets to see some of them face to face."
The trip included a visit to Fonterra's Amsterdam office where it's chief executive officer for Europe, Middle East and Africa Kelvin Wickham is based.
On October 29 Hurrell was in Brussels to meet with European Dairy Association president Giuseppe Ambrosi.
The EDA says the meeting discussed the Dairy Product Environmental Footprint, a project measuring the emission footprint of dairy products.
Fonterra is one of the six dairy companies involved in the project.
Fonterra has confirmed that Hurrell will isolate at home upon his return.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
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