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.
The warehouse will enable Fonterra to hold more than 5,000 metric tonnes of product in Dubai ready for quick supply to customers.
It will work as a distribution hub for Fonterra's ingredients business which sells more than $2.3 billion in dairy ingredients throughout the region each year.
Pictured from left, : Jafza senior vice president, Adil al Zarooni; New Zealand Minister for Primary Industries Nathan Guy; Fonterra's general manager Middle East Africa and Commonwealth of Independent States, Miles Hurrell and Malcolm Miller – ambassador, New Zealand Embassy Dubai, officially opened the warehouse.
