Mars to help farmers reduce emissions
One of Fonterra’s global customers, Mars is launching an ambitious sustainable dairy plan to work with dairy farmers and cut emissions by 50%.
Fonterra chief executive Theo Spierings says the co-op must "stay the course" despite market uncertainty.
Speaking at the co-op's annual meeting in Waitoa today, Spierings says the recent political developments in Europe, including the shooting down of a Russian plane overnight by Turkey, is further compounding the markets.
But he says Fonterra needs to stay the course and stay focussed on strategy.
"We look at things we are doing well and do them faster; things we are not doing well, we need to improve on," he says.
"Because these are the things we can control; we can't control the other things happening around the world."
Spierings also wants Fonterra to focus on opportunities to grow the business.
He alluded to a Chinese saying that when winds of change are blowing, some build walls while others build windows.
"I am in the camp that builds windows."
Spierings says Fonterra cannot control what's happening around the world.
"We can complain and moan but we will be wasting our energy," he says.
"We have to look at things which we can control; stay on course, stay on the strategy and keep costs under control."
He says Fonterra must continue to invest for the future.
"In the last few difficult years we have invested strongly." he says.
One of Fonterra’s global customers, Mars is launching an ambitious sustainable dairy plan to work with dairy farmers and cut emissions by 50%.
Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.
The world's largest wool scouring facility, WoolWorks Awatoto plant in Napier, is back operating at full capacity.
A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media and politicians.
Feeling forgotten and in a fragile space financially and mentally.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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