Displaying items by tag: Fonterra

Fonterra will this morning release more details of a food scare involving three batches of whey protein concentrate manufactured in New Zealand last year.

The Fonterra Shareholders' Council and DairyNZ have welcomed the 50c increase in forecast Farmgate Milk Price.

Fonterra has lifted its forecast farmgate milk price for the 2013-14 season by 50 cents to $7.50/kgMS.

Fonterra is being tipped to raise its forecast payout for the 2013-14 season.

Fonterra is lowering its 2013 earnings before interests and taxes (EBIT), blaming the drought and its struggling Australian business.

Anchor's new light proof milk bottles can now be fully recycled in New Zealand.

Fonterra Shareholders Council chairman, Ian Brown and deputy chairman Philip Palmer have been re-elected for another term.

Fonterra has appointed Lukas Paravicini as chief financial officer, succeeding Jonathan Mason who retires at the end of September.

Fonterra has completed consulting with staff and will cut 300 roles first identified when a review of Support Services began in May.

Fonterra will invest $27 million in a dry store distribution centre at its Te Rapa site.