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Fonterra chief executive Miles Hurrell.
Fonterra chief executive Miles Hurrell says there are a lot of things happening in the co-op that don’t get mentioned.
He told the Fonterra annual general meeting in Lichfield today that the co-op launched three new divisions; paediatric ingredients, sport and active lifestyles and medical nutrition.
Hurrell says the new divisions will capitalise on the growth in these sectors.
Medical nutrition is expected to be worth $24 billion globally by 2020.
“Our focus is to help people who are ill or want to live longer healthier lives,” he says.
“As part of this, we developed a new medical drink which helps deliver quality protein to the body following an operation or chemotherapy.”
Hurrell says in March Fonterra teamed up with Foodspring, one of Europe’s fastest growing sports nutrition companies.
“They are looking for world-class dairy to support their brand and product portfolio in healthy eating, weight management and muscle-building categories, with products sold online across Europe and Asia.”
Hurrell says the new partnership enables the co-op to tap into the rapidly growing active nutrition category, currently valued at $200b.
State farmer Pāmu (Landcorp) has announced it will pay a $10 million special dividend to the Crown off the back of a strong outlook for the business and a capital repayment of $9.5 million following Fonterra's consumer business sale.
Fonterra farmers are set for a multi-billion-dollar payout this week.
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Fonterra says Richard Allen will succeed Miles Hurrell as its new chief executive.
A day after selling its consumer businesses, Fonterra has settled a civil claim, filed by Greenpeace, out of court.
Ashleigh Gordon and Leilani Lobb have been named as the two finalists for Dairy Women's Network's (DWN) 2026 Regional Leader of the Year Award.
Animal and Plant Health New Zealand (APHANZ) says the approval of a new fungicide seed treatment is a positive, however growers will be hoping the final approval is completed ahead of the spring season.
North Canterbury farmer Adam Williamson has been appointed DairyNZ's associate director for 2026-27.
Fonterra farmers are set for a multi-billion-dollar payout this week.
The 2026 Holstein Friesian NZ Young Breeders Development Programme is off to a strong start, with this year's intake coming together for their first event on March 18 and 19.
State farmer Pāmu (Landcorp) has announced it will pay a $10 million special dividend to the Crown off the back of a strong outlook for the business and a capital repayment of $9.5 million following Fonterra's consumer business sale.
OPINION: Reckless action by Greenpeace in 2024 forced Fonterra to shut down a drying plant for four hours, costing the co-op…
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