Germany: Fonterra expands in nutrition space through Goodminton investment
Fonterra Ventures, the investment arm of the New Zealand dairy giant, has announced that it is bolstering its presence in the nutrition space through an investment in Goodminton, the German holding company behind the Foodspring start-up. Described as Fonterra Ventures’ “first strategic partnership”, the deal will enable Fonterra to tap into active nutrition, a segment […]
Malaysia: Fonterrra invests $5 million in operations
New Zealand based dairy firm Fonterra has invested 20 million MYR ($5 million) in its Malaysian milk powder facility at its Susumas site in Kuala Lumpur. According to Jose Miguel Porraz-Lando, managing director of Fonterra brands Malaysia and Singapore, the investment is part of Fonterra’s commitment to food safety and quality. “We continually invest in […]
China: Fonterra introduces Upline range
New Zealand based dairy specialist Fonterra has launched a new specially-developed “premium” product range in China under the Anchor brand, in response to “ongoing growth in demand for safe, high-quality dairy nutrition”. According to an article in the Asia Food Journal, the new Upline UHT milk range comes in a high-protein version called LiveUp and […]
Australia: Fonterra to sell off Wagga Wagga business
The Australian division of New Zealand dairy conglomerate Fonterra has announced that it is selling its Wagga Wagga business, the owner of the Riverina Fresh brand, to investment firm Blue River Group. Riverina Fresh is present in retail and foodservice channels, producing full cream, light and skimmed milk alongside cream, yoghurt and flavoured milk drinks. As […]
Australia: Fonterra launches microfiltered milk
New Zealand dairy firm Fonterra has launched a new version of its Anchor Milk in that is claimed to feature a microfiltration technology to extend shelf life. Initially available in the Australian state of Victoria, Anchor Finely Filtered Milk uses microfiltration to remove 99% of the naturally occurring bacteria in milk via a technique that […]
China: Fonterra launches Anchor Kids’ Golden Milk
New Zealand based dairy firm Fonterra has expanded its Anchor brand in China with the launch of a new ultra-premium milk range targeted at children. Anchor Kids’ Golden Milk, developed by the firm’s China Brands business, is described as having 3.6g protein per 100ml – said to be 20% higher than the average protein level […]
Switzerland: Nestle maintains status as the world’s biggest dairy company
According to the Rabobank ranking for the year 2014, the Swiss company Nestle has maintained its positioned as the biggest dairy company in the world, with a total annual turnover of €20.9 billion ($23.2 billion). The French companies Lactalis (€14.7 billion / $16.3 billion) and Danone (€14.6 billion / $16.2 billion) made it to second […]
China: Fonterra buys 18.8% stake in Beingmate
New Zealand’s Fonterra Co-operative Group Ltd, the world’s largest dairy products exporter, has completed a partial tender offer to buy an 18.8 percent stake (worth US$551.95 million) in Chinese infant formula manufacturer Beingmate Baby and Child Food Co. Ltd. The amount is slightly less than the 20 percent stake the company had been planned to […]
South America: Nestle and Fonterra joint venture to be discontinued
Nestle has announced that it is to resume dairy production in various parts of South America in a deal that sees it buy back a number of facilities from dairy multinational Fonterra, as the two companies review their partnership in the region. Nestle and Fonterra first signed an agreement on dairy production in the continent […]
Indonesia: Fonterra starts construction of new plant
Fonterra, the New Zealand-based dairy company, has begun construction on its first blending and packing plant in Indonesia. Designed to support the growth of Fonterra’s brands such as Anlene, Anmum and Anchor Beneeto, the plant is located in West Java and is the company’s largest investment in the last 10 years. According to Australian Food […]