Fonterra Expands China Foodservice Business with New Anchor Essence Cream
Fonterra is strengthening its foodservice presence in China with the launch of a new cream for professional bakeries at Bakery China 2026 in Shanghai.
Kiwis feel a surge of pride when they see the old Anchor brand when they’re overseas, but national pride isn’t exactly the last word in financial analysis.
A better yardstick is the opinion of the likes of Forsyth Barr senior analyst Matt Montgomerie and analyst Ben Crozier, who refer to the assets sold as “the poor-performing Mainland Group”.
They view Fonterra as a “much higher-quality business” without it. The Consumer business has long been a problem area for Fonterra and its return on capital is typically abysmal compared with the co-op’s Foodservice and Ingredients arms.
Fonterra’s core strength is clearly milk processing—not branded consumer products.
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- Why Fonterra accepted defeat in the dairy aisle
- "Our" business?
