Fonterra unveils divestment plan
Fonterra is exploring full or partial divestment options for its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka.
Anchor Light Proof milk bottles will soon appear on farms but you won’t find them in a fridge.
Fonterra has teamed up with Kiwi-owned start-up Future Post to turn milk bottles and other soft plastics into farm fence posts — from 100% recycled material.
Fonterra Brands New Zealand’s (FBNZ) sustainability and environment manager, Larisa Thathiah, says the posts are a step forward in farm sustainability.
“This provides farmers with an environmentally friendly fencing option made from the packaging of our farmers’ milk,” says Thathiah. “It’s [cutting] waste or at least turning it into something useful.”
The posts are expected to last at least 50 years.
The managing director of Future Post, Jerome Wenzlick, welcomes the support of Fonterra and he hopes the company will develop other sustainable products for farmers.
“We’re using waste that could have gone to landfill,” says Wenzlick. “This gives us access to a steady supply of raw material from the co-op’s own recycling initiatives, and to the network of nationwide Farm Source stores that can sell the fence posts.
“Future Post is a start-up, but we have plans for new products in 2019 including for non-farming sectors.”
The posts will go on sale in the new year in some Fonterra Farm Source stores in the North Island, and in South Island stores mid-2019.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.