Fonterra investing $70m in new electrode boilers
While opening the first electrode boiler at its Edendale site, Fonterra has announced a $70 million investment in two further new electrode boilers.
Sitting Fonterra directors Donna Smit and Andy Macfarlane have been announced as two of the four independently assessed candidates for the 2019 Fonterra board elections.
The other two candidates are Philipp Haas and Cathy Quinn.
As re-standing directors, Smit and Macfarlane automatically go through to the ballot: Haas and Quinn were recommended by the Independent Selection Panel after their assessment process.
There are two different ways that shareholders can stand for the board – as Independently assessed candidates or as non-assessed candidates.
Nominations for non-assessed candidates, where farmers can stand as a candidate for the board with the support of 35 different shareholders, are now open. Nominations close at noon on Friday, 27 September.
The full list of candidates will be announced on Monday, 30 September 2019.
Voting Packs, containing candidate profiles, will be mailed to eligible shareholders on Tuesday, 15 October 2019. Shareholders can vote by internet or post, using the First Past the Post voting system. Voting closes at 10.30am on Tuesday, 5 November 2019 with the results being announced later that day.
New Zealand’s dairy sector cannot expect India to be a market for all its dairy products.
Meat processor ANZCO Foods’ net profit has plunged on the back of lower market returns which squeezed margins and impacted business performance.
OPINION: Most people will be aware of the Government's plans to boost coal, oil and gas production to meet energy requirements.
AgriZeroNZ has entered a new partnership with Britain's national innovation agency, Innovate UK.
Twenty rural community hubs across New Zealand will receive $5,000 to upgrade their facilities having been selected as the winners of Rabobank's Community Hub Competition.
As the dairy industry prepares to celebrate its top achievers at an awards night this Saturday, attendees are being warned to be aware of protests planned outside the venue – Baypark Arena, Mount Mauganaui.