Fonterra

Stirling is the third fuel switching project Fonterra has undertaken in as many years.  Pic: Fonterra

Fonterra’s Stirling cheese site goes for cancel coal-ture

By Jim Cornall

As New Zealand Minister for Energy and Resources Hon Dr Megan Woods officially opened Fonterra’s wood pellet boiler at its Te Awamutu plant, the cooperative announced details for its next site to exit coal – the Stirling cheese plant in Otago.

Fonterra chairman Peter McBride says the capital structure review seeks to ensure the sustainability of the cooperative into the future.

Fonterra starts consultation on capital structure options

By Jim Cornall

Soon after requesting a trading halt on the ASX and NZX Main Board, Fonterra has revealed it is starting a consultation process to seek farmer feedback on potential options to change its capital structure to give farmers greater financial flexibility.

Dairy Dialog 128: Danone, Kerry, Veolia

Dairy Dialog podcast 128: Danone, Kerry, Veolia

By Jim Cornall

This week, we have three interviews on the podcast. We have conversations with Shannon Coco, strategic marketing director, food at Kerry North America, and Logan Cisewski, RD&A senior scientist at Kerry; Tim Duret, director of sustainable technology...

Fonterra reduced the total quantity of coal it uses by 10% when it converted its Te Awamutu site to burn wood pellets. Pic: Fonterra

Fonterra cools on coal

By Jim Cornall

Fonterra said it has been working on its transition to renewable energy and said it can, and will, get out of coal, with a couple of practical constraints, although it admitted New Zealand’s Climate Change Commission's pathway to ending coal use...

 Fonterra said it expects its earnings performance to come under significant pressure in the second half.

Fonterra reveals Beingmate share sale in financial report

By Jim Cornall

Fonterra Co-operative Group Limited has announced its 2021 interim results, which show a total group normalized EBIT of NZ$684m (US$494m), normalized profit after tax of NZ$418m (US$302m) and a decision to pay an interim dividend of 5 cents alongside...

Pic: Getty Images/pichet_w

More than 40 dairy company deals in 2020

By Jim Cornall

Nestlé, Constellation Brands, Diageo, Keurig Dr Pepper, New Age Beverages and Pernod Ricard were the most acquisitive companies of 2020, according to the Zenith Global food and drink transactions database, with each responsible for five or more takeovers....

Dairy Dialog podcast 119: Danone, Faerch, Too Good To Go

Dairy Dialog podcast 119: Danone, Faerch, Too Good To Go

By Jim Cornall

This week, we have three interviews. We feature conversations with Jamie Crummie, co-founder of Too Good To Go; Mark Tollman, group strategic sales director at Faerch Group; and Miguel Freitas, PhD, nutrition scientist at Danone.

Fonterra said it recognizes emissions produced by cows are a contributor to the country’s emissions and is working to find ways to reduce them. Pic: Getty Images/Tatomm

Fonterra turns to DSM to lower carbon footprint

By Jim Cornall

Fonterra and Royal DSM, a global science-based company active in health, nutrition and sustainable living, are teaming up to work on reducing on-farm greenhouse gas (GHG) emissions in New Zealand.

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