Strong growth for Yili's NZ operations
Chinese dairy giant Yili Group says its New Zealand operations are on track for strong revenue growth in 2025 after recording significant year-on-year growth for the first half of the year.
Westland Milk's new chief financial officer comes to the co-op with a track record in change management.
Dorian Devers joined Westland last week from the Linde Group (formerly the BOC Group) where he was financial director Africa, UK and Ireland and group chief financial officer for subsidiary Afrox.
Westland says Devers helped Afrox save NZ$48m, contributing to a 50% rise in its share price in his first year.
Westland chief executive Toni Brendish says she is “very excited” about Devers’ potential at Westland.
Brendish, appointed chief last September, has worked to improve Westland’s efficiency and cut costs, improve the co-op’s financial reporting and strengthen its core nutritionals market.
She also has a focus on partnerships with key commercial customers in priority, China especially. This has included strengthening the depth and experience of her management team.
Devers is the third new senior manager she has appointed, joining a new general manager China (Gary Yu) and a new chief operations officer (Craig Betty).
“Westland’s drive to improve its financial performance, and seek constructive mutually beneficial financial, technical and innovative relationships with key customers will be well supported by Dorian’s experience,” Brendish says.
“He has a proven record in leading transformational change in large and complex organisations to deliver sustainable benefits.”
Devers is married to Stephanie, a New Zealander, and they have three daughters Charlotte, Isla and Matilda.
He will be based at Westland’s Rolleston office.
According to ASB, Fonterra's plan to sell it's Anchor and Mainlands brands could inject $4.5 billion in additional spending into the economy.
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
The climate of uncertainty and market fragmentation that currently characterises the global economy suggests that many of the European agricultural machinery manufacturers will be looking for new markets.
Dignitaries from all walks of life – the governor general, politicians past and present, Maoridom- including the Maori Queen, church leaders, the primary sector and family and friends packed Our Lady of Kapiti’s Catholic church in Paraparaumu on Thursday October 23 to pay tribute to former prime Minister, Jim Bolger who died last week.
Agriculture and Forestry Minister, Todd McClay is encouraging farmers, growers, and foresters not to take unnecessary risks, asking that they heed weather warnings today.
With nearly two million underutilised dairy calves born annually and the beef price outlook strong, New Zealand’s opportunity to build a scalable dairy-beef system is now.
OPINION: Voting is underway for Fonterra’s divestment proposal, with shareholders deciding whether or not sell its consumer brands business.
OPINION: Politicians and Wellington bureaucrats should take a leaf out of the book of Canterbury District Police Commander Superintendent Tony Hill.