Fonterra confirms timeline for Lactalis deal and $2-per-share capital return
The sale of Fonterra’s global consumer and related businesses is expected to be completed within two months.
It has started construction on a $75 million butter plant expansion at its Clandeboye site in South Canterbury.
The build is part of Fonterra's commitment to invest up to $1 billion over the next three to four years in projects that generate further value and drive operational cost effectiveness.
It is also expanding its organic business to the South Island for the first time.
This is in addition to Fonterra's ongoing recruitment of organic farmers in the North Island, where more than 100 farms are already part of the Fonterra Organic Programme.
