Fonterra to go ahead with Dutch cheese factory partnership 4 Mar 2013
- NZ Refining posts 1H loss in face of shrinking margins Business
- UPDATED: Small NZ forest owners targeted Business
- MARKET CLOSE: NZ shares rise on results; Port of Tauranga up Business
- Croxley calls time on NZ production in face of cheap imports Business
- NZ dollar falls as economy seen settling to more modest pace Business
- Australian, China-backed company targets NZ forest owners Business
- NZ meat industry tie-up stumbled on differing strategies Business
- NZ consumer confidence sinks to 10-month low Business
- UPDATE: Skellerup stock falls as earnings miss forecasts Business
- Port of Tauranga posts 1.3% gain in FY profit as logs rise 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.
20 Aug 2014 News
The son of the Maori King will be back before the court next week. Last month, Korotangi Paki, 19, was let off charges of burglary,... more
20 Aug 2014 Business News
By Tina Morrison Aug. 20 (BusinessDesk) - Airways Corp. of New Zealand expects to boost profit 27 percent this year, after missing... more
20 Aug 2014 Business News
By Paul McBeth Aug. 20 (BusinessDesk) - Landcorp Farming, the state-owned commercial farmer, slashed guidance for 2015 earnings... more
20 Aug 2014 Entertainment
Adventurer, management consultant and motivational speaker Jamie Fitzgerald will receive a Distinguished Alumni Award from the... more
14 Aug 2014 Property
New Zealand house sales fell in July as winter cooled the appetite of house hunters while a drop in properties selling for $400,000... more
7 Aug 2014 Property
Aug. 7 (BusinessDesk) - New Zealand property values rose at the slowest annual pace in 13 months in July as rising interest rates,... more
20 Aug 2014 Migration
Statistics NZ puts out detailed data on different ethnic groups, down to the 108 people from the Isle of Man. Did you know there are... more
19 Aug 2014 Travel & Tourism
Auckland has again been ranked the tenth most liveable city in the world. The Economist Intelligence Unit (EIU) has released its... more
20 Aug 2014 Rugby League
This year's Rugby League Four Nations will provide the catalyst for five New Zealand representative sides - not just the NZ Kiwis -... more
20 Aug 2014 Sport
From Glasgow to Auckland is the well-travelled route taken by Australian Greg Warnecke, announced today as the General... more
19 Aug 2014 Opinion
Opinion - Martin Doyle Martin Doyle Cartoon: Doing Justice to the Election Given the dirty politics that have been exposed in... more
20 Aug 2014 People
We're expecting big things from Harman Grubisa, the new label from Auckland-based friends Madeleine Harman (right) and Jessica... more
19 Aug 2014 Recruitment
New Zealand is on track to Budget surplus this year, backed by good growth, more jobs and higher incomes under the ... more