Fonterra cements position as the big cheese!
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
Canterbury-based processor Synlait Milk says it has decided to take a "significant allocation" of milk from Fonterra as permitted under the Dairy Industry Restructuring Act for the year ending July 2014.
It needs the milk because further planning and a small investment in plant and equipment has created an opportunity to increase production capacity of ingredient products without impacting infant formula or nutritional product business, it says.
The extra milk will take intake and production of ingredient products higher than stated in June in its prospective financial information issued ahead of its IPO (initial public offering) and subsequent stock exchange listing on July 23.
Synlait says that while it's early in the 2013/14 season, the additional milk processed gives the company increased confidence of achieving its forecast financial result for 2014.
The total volume of milk expected to be taken is still to be finalised however DIRA permits an allocation of up to 50 million litres.
Synlait Milk will provide a general update September 24 when its annual result for the year ending 31 July 2013 is announced. Fonterra says it will announce its annual result September 25.
Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.
The world's largest wool scouring facility, WoolWorks Awatoto plant in Napier, is back operating at full capacity.
A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media and politicians.
Feeling forgotten and in a fragile space financially and mentally.
The European Union Ambassador says the new free trade agreement (FTA) between the bloc and New Zealand will bring significant benefits to both parties.
Less Wellington bureucracy and more local, on-farm common sense was the focus of recent meetings held in South Canterbury as part of the Government's National Woolshed tour program.