Fonterra taking further steps to decarbonise and lift efficiency
Fonterra is continuing to progress its decarbonisation work with the announcement of another site transitioning from coal and the installation of a heat pump and solar thermal system.
Fonterra revises FY23 forecast Farmgate Milk Price
Fonterra Co-operative Group Ltd today revised its 2022/23 season forecast Farmgate Milk Price range from NZ$8.20 - $8.80 per kgMS to NZ$8.00 - $8.60 per kgMS.
Fonterra Completes Divestment of Chile Business
Fonterra has today completed the sale of its Chilean Soprole business to Gloria Foods - JORB S.A. (Gloria Foods).
Fonterra profit up 50% in FY23 Interim Results
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 per kgMS.
Fonterra revises FY23 forecast Farmgate Milk Price and collections
Fonterra Co-operative Group Ltd today reduced and narrowed its 2022/23 season forecast Farmgate Milk Price range from $8.50 - $9.50 per kgMS, with a midpoint of $9.00, to NZ$8.20 - $8.80 per kgMS, with a midpoint of $8.50.
Fonterra provides update on divestment of Soprole
Fonterra has today provided an update on the sale of its Chilean Soprole business to Gloria Foods - JORB S.A. (Gloria Foods).
Fonterra’s COO Fraser Whineray to leave Co-op
Fonterra today announced its Chief Operating Officer, Fraser Whineray, intends to resign from Fonterra at the end of this financial year on 31 July.
Fonterra and MAN Energy Solutions enter into major partnership for the use of decarbonisation technology
Fonterra and MAN Energy Solutions (MAN ES) are entering a strategic partnership to reduce CO2 emissions in dairy production using climate-friendly heat pump technology for steam generation.
Fonterra and Nestlé agree sale of DPA Brazil joint venture
Fonterra and Nestlé today agreed the sale of their Dairy Partners Americas (DPA) Brazil joint venture to French dairy company Lactalis for BRL 700m (approximately NZD $210m subject to closing transaction adjustments). The deal is expected to be completed by mid-2023, subject to regulatory authority approvals.