Fonterra intends to make an off market takeover offer for all of
the shares of National Foods Limited [NFD] in a bid to open up the
lucrative Asian food and beverage market, writes Anthony
Fletcher.
Fonterra has built a new processing plant in New Zealand as part of
its strategy to move its dairy business away from commodification
and towards producing more value-added products.
Fonterra, New Zealand's multinational dairy co-operative, has
jumped on the low-carb bandwagon by launching a strain of milk
protein designed to produce new low-carb yoghurt. But is all this
hype just another commercial gimmick,...
New Zealand dairy giant Fonterrra has outlined ambitions to tap in
on anticipated growth in demand for dairy imports to China.
Speaking at a conference in Auckland today CEO Andrew Ferrier said
that the country represented 'considerable...
Dairy ingredients giant Fonterra says a new joint venture, set up
to search for novel health ingredients in milk, has already
identified a number of bioactives, currently waiting for patents.
Fonterra, New Zealand's leading dairy exporter, said on Monday that
it plans to axe hundreds of jobs in order to streamline its
business for future core efficiency. Over the next two years the
group plans to cut 700 administrative...
New Zealand dairy giant Fonterra Co-operative has selected EDS as
the company with which it will continue negotiations over
outsourcing its global IT infrastructure.
A new milk powder drier will begin processing milk today at
Fonterra's Edendale plant. The factory that is now possible of
processing 11 million litres per day will create an extra 62
permanent jobs.
Dairy giant Fonterra is about to increase premiums to organic milk
suppliers who choose to meet United States Department of
Agriculture (USDA) standards.
Dairy multinational Fonterra Co-operative Group has raised US$165
million (€145m) in a private placement of long-term debt to US
institutional investors.
Fonterra Cooperative, a New Zealand based dairy products company,
said on Monday that it has various growth options but remained coy
on its intentions towards Australia's National Foods, reports Dow
Jones.
The Australian Commerce Commission has received an application from
one of Australia's largest food companies, National Foods, to
acquire up to 100 per cent of the issued shares of New Zealand
Dairy Foods (NZDF).
