Fonterra offers asset investment system (e-Capex) to other manufacturers
Fonterra
The government will contribute $85 million towards the programme, through its Primary Growth Partnership, with the remaining money coming from industry partners – including $47m from Fonterra and $29m from DairyNZ.
DairyNZ chief executive Tim Mackle said: "This major investment will create the biggest change in decades in research, training, and knowledge transfer to increase the rate of innovation … all of which can be leveraged to benefit New Zealand's wider primary industry.
“Industry skills training, education networks and on farm standards and systems are also set for a boost from PGP that will help dairying stay competitive in a fast-moving world.”