Fonterra has received approval from it board of directors to establish a NZ$235m milk powder plant at its Pahiatua site in the Manawatu, which will enable it to process an additional 2.4 million liters each day. The announcement follows ...
Tags: Agriculture, Food, milk, milk powder
Fonterra, a New Zealand-based dairy co-operative, has said that it could face a legal challenge from French dairy major Danone over an infant formula contamination scare. The company had discovered a potentially fatal ingredient in a ...
Tags: Agriculture, Food, dairy
New Zealand co-operative dairy company Westland Milk is planning to invest around $100m in an infant formula dryer at Hokitika. Following the consent approval, construction on the new dryer will begin in April and the dryer is expected to ...
Fonterra, a dairy co-operative in New Zealand, has increased its stake to 9.06% in Australian dairy firm Bega Cheese. The co-operative said in a statement to the Australian Securities Exchange that it has purchased an additional three ...
Tags: Fonterra, Bega Cheese
Warehouse equipment supplier Dematic has received an order for a ColbyRACK storage system purpose-built to deal with the forces generated by seismic events, together with a multi-level order picking module, conveyor sorting system and ...
Fonterra, a New Zealand-based dairy co-operative, has backed a new dairy cooperation agreement between the governments of New Zealand and Sri Lanka. Under the agreement, Fonterra along with the New Zealand government is expected to boost ...
Tags: Fonterra, Dairy Investment
Murray Goulburn Co-operative (MG) and Bega Cheese have revised their takeover offers for Warrnambool Cheese & Butter (WCB). As per the terms, MG offered to pay A$9 per share of WCB, valuing the Victorian dairy firm at A$505m. Bega ...
Tags: Murray Goulburn, Food
Premier Foods has confirmed press reports that it is seeking a partner to raise funding for its troubled bread business. Sliced and diced: Premier Foods is looking for a partner for its troubled breads business The debt-laden food ...
Tags: Agriculture, Food
Wedmore's new renewable power plant built by a co-operative of local investors was completed in October. The team behind the £1.1 million project say the larger of two paddocks of solar panels has started feeding clean electricity ...
Tags: Clean Power, Solar Power, Energy
The Co-operative Bank is to invest another £500m in upgrading its IT systems over the next three years as the Co-operative Group cedes control of its troubled bank to US hedge funds. The news was revealed as the Bank unveiled a ...
Tags: Computer Products, bank, software
Adams Foods, a UK-based cheese supplier, has partnered with British farmer-owned dairy co-operative First Milk to establish a fully integrated supply chain for hard cheese in the UK retail, foodservice and wholesale sectors. As part of ...
Tags: Adams Foods, Milk
Fonterra, a dairy co-operative in New Zealand, has purchased a 6% stake in Australian dairy firm Bega Cheese for A$46m. As per the deal, the New Zealand co-operative purchased 9.3 million shares at AUD4.95 per share. Fonterra CEO Theo ...
Tags: Fonterra, Bega Cheese
Dairy co-operative Irish Dairy Board (IDB) is investing €20m in Saudi Arabia to acquire 75% stake in local firm Al Wazeen Trading and establish a new cheese plant at Al Wazeen facility in Riyadh. The expansion strengthens IDB's ...
Tags: Irish Dairy
The board-commissioned inquiry committee at New Zealand dairy co-operative Fonterra has announced findings of the WPC80 precautionary recall. Led by a legal team from Chapman Tripp and two independent experts, the inquiry team has ...
Tags: Agriculture, Food
Fonterra, a New Zealand-based dairy co-operative, plans to introduce baby milk formula in China, with a pilot project already beginning in the city of Guangzhou. The nationwide sale of Anmum-brand infant milk powder is expected to begin ...
Tags: Agriculture, Food, milk