Fonterra

Fonterra said it is operating in a different global context as a result of COVID-19.

Fonterra reports interim results

By Jim Cornall

Fonterra Co-operative Group Limited has announced its 2020 interim results, which show the cooperative’s financial performance has improved with increased underlying earnings and reduced debt.

Fonterra chairman John Monaghan is retiring in November.

Fonterra chairman to retire in November

By Jim Cornall

Fonterra Co-operative Group Limited (FCG) chairman John Monaghan says he will retire as a director of the cooperative when his current three-year term ends at the annual meeting in November.

Fonterra's Danfield plant.

Coronavirus affecting Fonterra operations

By Jim Cornall

Fonterra Co-operative has reaffirmed its forecast Farmgate Milk Price range at NZ$7.00-7.60 (US$4.43-4.81) per kgMS and its forecast full-year underlying earnings guidance of 15-25 cents (US 9-16 cents) per share. It has also revised its forecast milk...

Soprole is a leading consumer branded dairy company in Chile and is 99.9% owned by Fonterra.

Fonterra to streamline Chilean operations

By Jim Cornall

Fonterra has purchased the minority interest in Prolesur, held by Fundación Isabel Aninat (the Fundación), as the New Zealand cooperative looks to streamline its operations in Chile.

The partnership will leverage Fonterra’s innovation in functional dairy proteins, Milk Fat Globule Membrane (MFGM) and probiotics and By-Health’s involvement in vitamin and dietary supplements.

Fonterra and By-Health partner on R&D of nutritional solutions

By Jim Cornall

Fonterra and By-Health Co. Ltd., a global vitamin and dietary supplements (VDS) enterprise, have entered into a strategic R&D partnership to focus on developing innovative nutritional solutions for the health and wellness market.

Fonterra CEO Miles Hurrell called new COO Whineray 'a results-orientated New Zealand business leader.'

Fonterra creates new management position

By Jim Cornall

New Zealand dairy cooperative Fonterra has created the new role of chief operating officer, and the position will be filled by Fraser Whineray, who will start in early 2020.

Fonterra said it will build on its foodservice business in China.

Fonterra announces record loss and new strategy

By Jim Cornall

Fonterra has announced its FY19 annual results, the final milk price for the 2018/19 season, a new strategy and changes to its operating model and management team.

Fonterra's FY19 report will now be no later than September 30, 2019.

Fonterra confirms big losses and defers reporting date

By Jim Cornall

New Zealand dairy cooperative Fonterra has changed the date for reporting its audited financial results for the 2019 financial year (FY19) ended July 31, 2019, as it confirmed losses for the financial year would be in the NZ$590m-NZ$675m (US$376m-US$430m)...

Fonterra's Darfield plant is one of six manufacturing sites aiming to reduce water use by 30% by 2030.

Fonterra targets water savings

By Jim Cornall

More than 3.4bn liters of water will be saved every year if new water targets Fonterra launched this week are achieved.

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