Displaying items by tag: Fonterra

A former chief executive of Australian dairy processor National Foods and Waikato dairy farmer Ashley Waugh has been elected to the Fonterra Board of Directors.

Fonterra Shareholders' Council chairman, Duncan Coull, says record breaking efforts of shareholders saw 65% of farms, representing 73% of milksolids, cast their votes.

A one litre cream product sold to kitchens, restaurants and bakeries all through Asia and China is a real growth market, says Fonterra's operations manager Canpac, Russell Muir.

Your old mate notes that Greenpeace is challenging Fonterra to "prove that its massive use of palm products is not fuelling the enormous fires raging across Indonesia".

Fonterra's return on capital sits at the bottom end of the range of returns of other global dairy co-ops, says the Shareholders Council.

Fonterra will sell its 50% interest in DairiConcepts, the co-op's US joint venture with Dairy Farmers of America (DFA).

Fonterra is setting up hubs of entrepreneurial young people to develop new business models, says Fonterra chief executive Theo Spierings.

Former Fonterra directors Greg Gent and Colin Armer are banking on the "silent majority" of co-op shareholders in their quest to revamp the board.

Speaking of Fonterra, the Hound received a curt note from a failed board candidate in last year's election...

It's been another bad morning for the dairy industry.