Displaying items by tag: Westland

The 2015-16 dairying season was a tough year for Westland Milk Products’ shareholders and suppliers, and the company itself, chairman Matt O-Regan says in the cooperative’s annual report released today.

Westland’s board chairman Matt O’Regan will step down as chairman and retire from the board on March 3, 2017.

Recently there has been a lot of negative news and comment about economic conditions in China – the slowing growth, a volatile stock market and the decrease in dairy imports.

Despite last week’s drop in this season’s expected milk payout by both Fonterra and Westland there are positive – albeit slow – signs about the future outlook for dairy prices.

A WESTLAND District Council–Westland Milk Products partnership is proposing a $5 million upgrade to the Hokitika supply to meet the growing demands of the dairy company for high quality water.

WESTLAND HAD a record revenue for the 2013-14 of $830 million, up 46% on the previous year, but admits its payout was not as industry competitive as previous years.

NEW ZEALAND'S second largest dairy cooperative Westland Milk Products has revised its payout prediction for the 2014-15 season to $5.40 - $5.80/kgMS.

WESTLAND HAS announced a pay-out prediction of $6 to $6.40/kgMS before retentions for the 2014-15 season just started.

Independent dairy processor, Westland Milk Products is building a new $102 million nutritionals dryer at its Hokitika site.

WESTLAND EXPECTS sales revenue of more than $750 million this season resulting in an operating surplus of $7.60-$8/kgMS before retentions.