Displaying items by tag: RENE DEDONCKER

The divestment process for Fonterra's global consumer business is gaining momentum, with the co-op meeting global fund managers this week on a potential listing of the co-operative's newly formed Mainland Group.

Fonterra has updated its plan to divest its global consumer business and integrated businesses, Fonterra Oceania and Fonterra Sri Lanka.

Fonterra has appointed two new members to its management team, as part of the co-op’s “step-change in strategic direction”.

Fonterra is talking up the strength of its Australian business despite a 70% drop in half-year profit after tax.

A long-running trademark dispute between Fonterra and Australian dairy giant Bega Cheese has ended with the court last month rejecting both parties’ claims.

Fonterra says its payouts to Australian farmers are being funded by its operations, not propped up from other places in the balance sheet.

Fonterra’s Australian milk suppliers are going to be paid more for their milk than what the co-op’s NZ farmer shareholders are getting.

Fonterra's new $150 million cheese plant in Australia will help meet growing demand, says the co-op’s Australia managing director René Dedoncker.

Fonterra has increased the farm gate milk price for its Australian suppliers by A20c/kgMS.

Fonterra will pay its Australian suppliers an opening price of A$5.30/kgMS for the 2017-18 season.