Fonterra

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.

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....

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.

Dairy Dialog podcast 107: Tate & Lyle, Kerry, NZMP.  Pics: Tate & Lyle; Getty Images/jchizhe; Getty Images/mel-nik

Dairy Dialog podcast 107: Tate & Lyle, Kerry, NZMP

By Jim Cornall

This week on the Dairy Dialog podcast, we have three interviews alongside our regular look at the global dairy markets, with Liam Fenton at StoneX. Our guests are Kavita Karnik, Tate & Lyle VP of global nutrition and open innovation; Aaron Fanning,...

Fonterra switched its Te Awamutu site to wood pellets, which will reduce coal use by almost 10%. Pic: Fonterra

Fonterra publishes 2020 Sustainability Report

By Jim Cornall

Fonterra said it has achieved its most encouraging sustainability results since starting annual reporting four years ago, but insists it is staying focused on what still needs to be done to reach its long-term targets.

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