Pallet maker retains Fonterra contract
Timpack, one of New Zealand's largest wooden pallet and bin manufacturers, has been rewarded an exclusive contract to supply Fonterra.
OPINION: There will be a few happy and relieved Fonterra farrmers in Otorohanga.
Last week, owners of a planned greenfield dairy plant in Otorohanga went into voluntary administration after struggling for years to secure capital.
The project rattled farmers in the area, who mostly supply Fonterra. The co-op was bracing to lose suppliers to Happy Valley.
Some Fonterra farmers had made public submissions opposing consent applications lodged by Happy Valley.
Timpack, one of New Zealand's largest wooden pallet and bin manufacturers, has been rewarded an exclusive contract to supply Fonterra.
The chief executive of Taupo-based dairy company, Miraka – Karl Gradon - has stepped down from the role for personal and family reasons.
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The cost of producing milk in New Zealand continues to compare favourably with other exporting regions despite a lift in production costs over the past five years.
DairyNZ says potential benefits from gene technology must be carefully weighed against the risks of such technology.
Pleased, but cautious. That’s how PGG Wrightson chief executive Stephen Guerin says he’s feeling about the rural retailer’s latest financial result.
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