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Displaying items by tag: Westland Milk Products
Westland Milk Products says its 2.5% drop in peak milk processing has meant more capacity available for the cooperative and its shareholders, enabling more focus on added-value product.
Despite a poor 2014-15 season, Westland Milk Products is in a sound financial position and well positioned to return higher payouts to shareholders in the medium to long term, says chief executive Rod Quin.
Westland Milk Products is preparing to conduct a review of staff roles, a move that will likely to result in redundancies according to chief executive Rod Quin.
Westland Milk Products has confirmed its payout for the 2014-15 season will remain unchanged at $4.90 - $5.10/kgMS but its prediction for the 2015-16 is more positive.
The first stage of Westland Milk Products’ new Farm Excellence (FarmEx) programme is almost complete, with 97% of farms having undergone their first assessment.
On the back of declining international milk prices Westland Milk Products has reduced its predicted payout for the 2014-15 season.
Three more dairy companies – Miraka, Open Country and Westland – are reporting milk flows dipping as dry weather starts to affect grass growth and production, despite reasonable rain in many places in the past week.
For the second year in a row the West Coast is drying out, causing a drop in the milk flow to Westland Milk Products.