Revamped Fonterra to be ‘more capital-efficient’
Fonterra chair Peter McBride says the divestment of Mainland Group is their last significant asset sale and signals the end of structural changes.
“We’re doing everything we can to keep our people and communities safe,” said Fonterra in a Facebook post.
“To help out with the current hand sanitiser shortage we’re making available 250,000 litres of high-grade ethanol to New Zealand companies, and working with the Government to prioritise where that should go.”
New Zealand’s largest co-operative added that it is increasing capacity with a target of producing an extra 220,000 litres of ethanol.
Fonterra says it has teamed up with Gull to test 250,000 litres of their fuel-grade ethanol to ensure it can be used for hand sanitiser.
