Displaying items by tag: Fonterra

NZ dairy farmers need to keep the focus on the cost of production, because New Zealand is the only system in the world that can live through the current volatility, says Fonterra chief executive Theo Spierings.

Fonterra directors and shareholder councillors have strongly recommended farmers vote against a proposal to change the cooperative's capital structure.

Fonterra's Chinese partner Beingmate last month agreed to set up a joint venture to buy the co-op's Darnum, Victoria, plant.

The Fonterra board election was looking like a subdued affair. Chairman John Wilson and sitting directors Blue Read and Nicola Shadbolt were a shoe-in for the three seats up for grabs.

Fonterra board aspirant Ashley Waugh is questioning why the co-op's payout is never substantially ahead of other milk processors.

The Commerce Commission is considering gradual relaxation of the Dairy Industry Restructuring Act (DIRA) raw milk regulations that require Fonterra to supply milk to competitors.

Former Fonterra chairman Sir Henry van der Heyden has described his leadership style as essentially "very simple".

The $32 million expansion of Fonterra's Eltham site in Taranaki has reached a key milestone, with the first individually wrapped slices of cheese coming off its production line.

Fonterra says Farm Source has delivered millions in value to more than 9000 Fonterra farmers since its launch in Methven a year ago.

Fonterra has sold its 9% stake in Australian cheese processor Bega Cheese for A$74 million.