Fonterra trims board size
Fonterra’s board has been reduced to nine - comprising six farmer-elected and three appointed directors.
Prime Minister John Key has opened Fonterra's new $200 million Darfield site in Christchurch.
He paid tribute to Fonterra's contribution to the New Zealand economy and our reputation worldwide.
Key says Fonterra is New Zealand's only "truly global champion".
"The Fonterra brand and name is known around the corporate world," he says.
The new factory processes around 2.4 million litres of milk in a single day. A second plant is under construction and it will triple Darfield's capacity.
Fonterra chief executive Theo Spierings says Fonterra's Darfield site represents a great achievement for the operations teams that had overseen its construction and successfully commissioned the plant just as the new season got underway.
"This is a tribute to the hard work of more than 1500 people who have built a world-class dairy processing site – from paddock to powder – in just 18 months," Spierings says.
"Since August, when the first bags of whole milk powder rolled off the production line, more than 30,000 metric tonnes of high quality product have been produced, destined for customers in China, South East Asia and the Middle East. That's enough to fill about 1300 20-foot containers.
"This new site is already playing an important part in delivering on our business strategy. It is one of our most efficient plants, with the capacity and flexibility that will help drive further performance improvements and a better payout for our farmers."
Prime Minister Christopher Luxon says the relationship between New Zealand and the US will remain strong and enduring irrespective of changing administrations.
More than 200 people turned out on Thursday, November 21 to see what progress has been made on one of NZ's biggest and most comprehensive agriculture research programmes on regenerative agriculture.
The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.
Stellar speakers, top-notch trade sites, innovation, technology and connections are all on offer at the 2025 East Coast Farming Expo being once again hosted in Wairoa in February.
As a guest of the Italian Trade Association, Rural News Group Machinery Editor Mark Daniel took the opportunity to make an early November dash to Bologna to the 46th EIMA exhibition.
Livestock can be bred for lower methane emissions while also improving productivity at a rate greater than what the industry is currently achieving, research has shown.
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