Fonterra

Retail Asia16/03/2023

Fonterra Co-operative Group Ltd today released its 2023 Interim Results which show the Co-op has delivered a half year Profit After Tax of $546 million, an earnings per share of 33 cents, and a decision to pay an interim dividend of 10 cents per share alongside a forecast Farmgate Milk Price range of $8.20 – $8.80 […]

Retail Asia14/12/2022

The company attributed its strong earnings growth to the performance of its protein portfolio, particularly in medical nutrition. It has forecast farmgate milk price of between $8.50 to $9.50 per kg of milk solids, with a midpoint of $9. Mike Hurrell, Fonterra CEO, said it was a positive start for the company given the current […]

Retail Asia12/12/2022

Fonterra’s first-quarter profit jumped 84% as it benefits from strong margins in its protein and cheese products. The country’s largest dairy processor said normalized after-tax profit increased to $214 million in the three months to October 31, from $116m last year. Sales rose 32% to $5.79 billion. Under chief executive Miles Hurrell’s leadership, Fonterra has […]

Retail Asia05/10/2022

New Zealand dairy giant Fonterra has decided to retain full ownership of its Australian business after a 12-month review, with chief executive Miles Hurrell saying the Australian consumer brands are important in the company’s strategy of moving higher up the value chain. Fonterra’s Australian business includes consumer brands Western Star butter, Perfect Italiano, and Mainland cheese. It […]

Retail Asia27/09/2022

New Zealand dairy giant Fonterra has decided to retain full ownership of its Australian business after a 12-month review, with chief executive Miles Hurrell saying the Australian consumer brands are important in the company’s strategy of moving higher up the value chain. Fonterra’s Australian business includes consumer brands Western Star butter, Perfect Italiano, and Mainland cheese. It […]

Retail Asia30/08/2022

Fonterra said it had worked with DSM, a global nutrition and bioscience company, since 2019 to speed up the making of proteins with dairy-like properties using precision fermentation. The partnership had already created intellectual property and filed patents, the statement said. Jonathan Boswell, program leader for complementary Nutrition at Fonterra said the patents were confidential […]

Retail Asia28/06/2021

Fonterra Co-Operative Group said today it will sell its stakes in two joint-venture farms in China’s Shandong province to Singapore-based AustAsia Investment Holdings for NZ$88 million (US$62 million). The sale comes amid a retreat by the world’s largest dairy exporter since 2019 from an ill-fated overseas expansion that drew sharp criticism from its 10,000-plus farmer-shareholders. […]

Retail Asia26/05/2021

Dairy giant Fonterra says a 61-per-cent boost in normalized profit for the nine months to April shows its restructuring program is paying dividends. The New Zealand-headquartered company recorded a net profit after tax of NZ$603 million, up 2 percent – or $587 million ‘normalized’ after extraordinary items were factored in. CEO Miles Hurrell said the […]

Retail Asia09/01/2019

Fonterra Future Dairy Pvt Ltd, a new joint venture between global dairy nutrition company Fonterra Co-operative Group and new age FMCG company Future Consumer Limited, announced the appointment of Ishmeet Singh as its CEO, effective from January 7, 2019. Singh, a seasoned leader with a proven track record of profitable growth and business expansion, joins the business to deliver its ambition […]

Retail Asia18/01/2018

Hema Fresh is Alibaba’s new retail concept, which combines traditional shopping with a digital experience. The new ‘Daily Fresh’ milk range is now available in Hema’s 14 stores in Shanghai and Suzhou in 750ml bottles, sourced from Fonterra’s farm hub in Hebei province. The product has product labels to match each day of the week, […]

Retail Asia25/07/2016

Dairy giant Fonterra Brands Indonesia president director Achyut Kasireddy, New Zealand Prime Minister John Key and Trade Minister Todd McClay share a conversation during an event at Fonterra manufacturing plant in Cikarang, West Java, on Tuesday. Key will end on Wednesday his three-day visit to Indonesia, during which he has brought along dozens of executives […]

Tag: Fonterra

Fonterra profits increase despite volatile market conditions

Fonterra reports strong sales, eyes higher earnings

Fonterra reports strong sales, eyes higher earnings

Fonterra to retain Australia business, shares long-term strategies

Fonterra to retain Australia business, shares long-term strategies

Fonterra takes first step into non-dairy products

Fonterra sells stakes in two Chinese farms

Greater China drives profit growth for Fonterra

Fonterra India appoints Ishmeet Singh CEO

Fonterra launches new milk product with Hema Fresh

Fonterra benefits from growing milk consumption