Fonterra to go ahead with Dutch cheese factory partnership 4 Mar 2013
- NZ consumers grow more upbeat, may resume spending Business
- Knowles quits as CEO of KiwiBank Business
- NZ migration bolstered by British invasion Migration
- NZ manufacturing activity reaches highest since 04 Business
- NZ dollar hits 22-month high vs euro Business
- OceanaGold finds new gold deposits at Fraser mine Business
- Transpower gets go-ahead for $170m SI upgrade Business
- Government Widens Drought Assistance News
- NZ home sales creep up in March, still subdued Property
- NZ economy expands at fastest pace in two years Business
Article - BusinessDesk
Fonterra to go ahead with Dutch cheese factory partnership
March 4 (BusinessDesk) - Fonterra Cooperative Group, the world's biggest dairy exporter, is going ahead with a plan to build a cheese plant and dairy ingredient factory in the north of the Netherlands with Dutch dairy firm A-ware Food Group.
The dairy companies will develop a greenfield site in Heerenveen where A-ware will operate a cheese plant and Fonterra the ingredients unit alongside, Fonterra said in a statement. Cheese will be produced for A-ware's customer base in Europe, with the whey and lactose produced processed into ingredients for Fonterra's clients.
"Fonterra has substantial intellectual property in the manufacture of functional whey protein ingredients and has been looking for some time for a source of high quality whey to enable it to commercialise these innovations for customers around the world," Fonterra chief executive Theo Spierings said.
Fonterra boss Spierings has an intimate knowledge of the Dutch dairy sector, overseeing the merger of cooperative Royal Friesland Foods with Campina in 2008, before joining the New Zealand firm in 2011.
The New Zealand dairy exporter has embarked on a new strategy that includes a bigger focus on advanced nutritional needs for babies and ageing populations, as well as growing its presence in emerging Asian nations.
Fonterra and A-ware started looking at the joint venture in May last year, with both dairy groups looking for a new pivot in their respective supply chains.
18 Jan 2017 News
16 JANUARY, 2017New Zealand and Singapore’s Defence Ministers Gerry Brownlee and Dr Ng Eng Hen today observed Exercise Thunder... more
18 Jan 2017 News
18 JANUARY, 2017Twenty temporary housing units at the Rawhiti Domain used to support families through the Christchurch earthquakes are... more
18 Jan 2017 Business News
8 JANUARY, 2017More local businesses looking to expand into Korea will benefit from the latest round of tariff reductions under the... more
21 Nov 2016 Lifestyle
Emirates Team New Zealand EMIRATES TEAM NEW ZEALAND CLOSES IN 3rd POSITION THE LOUIS VUITTON AMERICA’S CUP WORLD SERIES
14 Nov 2016 Property
Article - BusinessDesk Monday 14 November 2016 10:28 AM NZ house prices gain 11% in October, driven by sales of higher value homes By... more
11 Nov 2016 Property
Article - BusinessDesk Thursday 10 November 2016 04:04 PM RBNZ sees pressures building in Auckland construction sector By Paul ... more
8 Dec 2016 Migration
Economic Development Minister Steven Joyce has welcomed news that New Zealand is attracting a higher level of quality international... more
1 Nov 2016 Migration
New Zealand Government Hon Paul GoldsmithMinister of Commerce and Consumer Affairs 1 November 2016 Changes to Financial Markets... more
18 Jan 2017 Travel & Tourism
12 JANUARY, 2017Tourism spending continued to grow throughout most regions in the year to November 2016, providing a solid base ahead... more
18 Jan 2017 Rugby
15 January 2017 Counties Manukau are national sevens rugby champions. In a stunning double effort, Counties Manukau have been... more
11 Nov 2016 Opinion
Column - Gordon Campbell Gordon Campbell on the Gareth Morgan crusade First published on Werewolf more
10 Nov 2016 Opinion
Column - Gordon Campbell Gordon Campbell on the US election outcome more
8 Dec 2016 Appointments
Hon. Murray McCully 7 December, 2016 High Commissioner to India announced Foreign Minister Murray McCully today... more
8 Dec 2016 Recruitment
Hon. Paula Bennett, Hon. Michael Woodhouse, Hon. Louise Upston 24 November, 2016 The Government will update the Equa... more
2 Nov 2016 Recruitment
Article - BusinessDesk Tuesday 01 November 2016 04:42 PM Fisher Funds hunts for new head to replace founder Carmel Fisher By Paul ... more