Winston Peters calls Fonterra vote result 'utter madness'
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
There was a royal touch at the opening of Fonterra’s latest joint venture overseas.
The co-op’s new site at Heerenveen in the Netherlands was officially opened overnight by King Willem-Alexander; Fonterra chairman John Wilson and chief executive Theo Spierings were also present.
The Heerenveen consists of two plants side by side; Dutch processor Royal A-ware’s plant produces cheese for its customers in Europe, while Fonterra’s plant processes the whey and lactose from A-ware’s plant, as by-products of the cheese-making process.
The 25-hectare site represents a significant investment and will give Fonterra cost-effective, reliable and continual access to high-quality whey and lactose, to use in manufacturing high-value paediatric, maternal and sports nutrition products.
Spierings said the site was an integral part of Fonterra’s long-term strategy for building global milk pools.
“Our strategy is a good fit with A-ware’s long-term vision, so it’s a win-win for both companies and it’s great to see the partnership come to fruition,” Spierings says.
“We have substantial intellectual property in manufacturing functional whey protein ingredients, and having a high-quality, high-volume source based in Europe will allow us to commercialise these innovations for our customers all over the world.”
It is Fonterra’s first wholly owned and operated ingredients plant in Europe, processing one billion litres of milk each year, and producing 5,000 metric tonnes of whey protein and 25,000 metric tonnes of lactose annually.
The partnership increases Fonterra’s ability to access a globally traded whey protein and lactose market that was worth more than NZ$2.7 billion in 2014.
The King was given a tour of the site, talking with employees and seeing first-hand how the partnership works.
Acclaimed fruit grower Dean Astill never imagined he would have achieved so much in the years since being named the first Young Horticulturist of the Year, 20 years ago.
The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.
New Zealand First leader and Foreign Affairs Minister Winston Peters has blasted Fonterra farmers shareholders for approving the sale of iconic brands to a French company.
A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.
Fewer bobby calves are heading to the works this season, as more dairy farmers recognise the value of rearing calves for beef.
The key to a dairy system that generates high profit with a low emissions intensity is using low footprint feed, says Fonterra program manager on-farm excellence, Louise Cook.