Fonterra investing $70m in new electrode boilers
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
Bay of Plenty dairy farmer Donna Smit has been elected to Fonterra’s board.
Smit and sitting director Michael Spaans were voted in by shareholders; Canterbury farmer Stuart Nattrass was unsuccessful.
Smit lives and farms at Edgecumbe; building and owning even dairy farms in Eastern Bay of Plenty and Oamaru.
She is a director of Ballance Agri Nutrients and Primary ITO, and a Trustee of Taratahi Agricultural Training Centre and Eastern Bay Energy Trust. A charted accountant by profession, she was company administrator at Kiwifruit Cooperative
EastPack for 24 years.
Smit will join the board at Fonterra’s annual meeting in Darfield on Thursday.
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