Not Out of the Woods Yet
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
Danone has been cleared by the Overseas Investment Office (OIO) to take an indirect shareholding of up to 65% in Yashili New Zealand.
A $25 million upgrade and expansion of Danone’s Auckland blending and processing plant in late February has doubled its production capacity for finished products.
Fonterra Shareholders Council chairman Duncan Coull says today’s arbitration decision on the claims made by Danone has made this a tough day for the co-op.
Fonterra chairman John Wilson says as a farmer he is angry and disappointed with today's arbitration decision over the false botulism scare in 2013.
French dairy processor Danone is still feeling the after-effects of Fonterra’s false botulism scare in the Chinese market.
FONTERRA IS "very confident" with its legal position in the Danone case and has budgeted just $11 million, says Lukas Paravicini, chief financial officer.
OPINION: It seems Canterbury processor Synlait is still in the doldrums.
OPINION: Get offside with New Zealand First leader Winston Peters at your own peril.