Solid start to Fonterra's financial year
Fonterra's 2025/26 financial year is off to a strong start, with a first quarter group profit after tax of $278 million- up $15m on the previous year.
Record sales of cream cheese in China has seen Fonterra ramp up production at its Darfield site in Canterbury.
The co-op has hired a full shift of new recruits: the five-member team will work alongside the three other shifts at the plant.
One of those new employees is Liam Fitzgerald, who worked as an international pilot at Air New Zealand for the last eight years until COVID-19 required him to make a change.
“About 15 years ago I worked for Fonterra up at Edgecumbe. Recently, when my flying career came to a halt unexpectedly, I spoke to my wife about returning to the dairy industry,” says Fitzgerald.
“I grew up rural in Whakatane and knew the culture and lifestyle of the industry would work for us as we have a young family.
“The opportunity came up in the cream cheese plant and having spoken to a few people I was really excited to join the team. It’s a small team but a modern plant and a cool product that I’m looking forward to working with.”
Fonterra Darfield cream cheese plant manager, Blake Aston says that with COVID-19 bringing uncertainty to the job market, it is good Fonterra’s able to offer new opportunities for people looking for work.
He says the team is seeing record monthly sales for cream cheese.
“Demand is predominately coming from China as we continue to see an increased interest in pasture-fed milk from New Zealand.”
The cream cheese is going into a range of different products, from cheese lollipops to traditional Chinese pastry like moon cakes.
“We have great flexibility here at the plant that enables us to dial up or down the firmness and consistency of cream cheese to meet customer preference and the great job our farmers are doing in delivering top quality milk,” says Blake.
Fonterra's Darfield site was established in 2012 and employs more than 280 people.
The Government has announced it will immediately roll over all resource consents for two years, with legislation expected to pass under urgency as early as this week.
The New Zealand National Fieldays Society has achieved a major sustainability milestone - reducing its greenhouse gas emissions and reaching the target five years early.
Fonterra's 2025/26 financial year is off to a strong start, with a first quarter group profit after tax of $278 million- up $15m on the previous year.
Government plans to get rid of regional councillors shows a lack of understanding of the fundamental problem affecting all of local government - poor governance.
It’s official, lamb will take centre stage on Kiwi Christmas tables this year.
For over 20 years, Whakatane farmer Gerard Van Beek has been attending Fonterra annual general meetings with the same message - it's time to include lactose in the co-op's farmgate milk price model.