Methane pledge
One of the world's biggest dairy companies, Danone, aims to cut methane emissions from its fresh-milk supply chain by almost one-third over the next seven years.
Danone has been cleared by the Overseas Investment Office (OIO) to take an indirect shareholding of up to 65% in Yashili New Zealand.
Danone currently has an indirect shareholding of about 30% in Yashili NZ.
The application was made by Danone Asia Pacific which is a wholly owned indirect subsidiary of global food and beverage company Danone SA. The French listed company has a 44% US public shareholding.
Yashili NZ operates a dairy production plant in Pokeno, Waikato. The OIO says the land is not considered sensitive under the Overseas Investment Act.
“The applicant has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character,” the OIO says in its decision.
“The applicant has also demonstrated financial commitment to the investment.”
Yashili NZ Dairy, a joint venture between Yashili and Mengnui established in 2012, has $220 million invested in its dairy plant in Pokeno. It has capacity to produce 52,000 tonnes a year of infant formula.
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it was before Cyclone Gabrielle struck just over 14 months ago.