Displaying items by tag: Beingmate

Tuesday, 03 April 2018 10:50

Fonterra has little clout with Beingmate

Fonterra's lack of majority control over troubled Chinese company Beingmate is hindering efforts to turn it around.

Published in General News
Tuesday, 27 March 2018 10:55

Don’t lose heart over China

The China infant formula market has been very challenging for several dairy companies operating there for the last 18 months – not just Fonterra, says Rabobank senior dairy analyst Michael Harvey.

Published in General News
Tuesday, 27 March 2018 09:55

Fonterra board steps in to salvage investment

Fonterra has appointed a board sub-committee to salvage its disastrous investment in Chinese infant formula trader Beingmate.

Published in General News
Tuesday, 27 March 2018 07:55

High quality handover at Fonterra

Outgoing Fonterra chief executive Theo Spierings says the normal tenure of a global chief executive is between five and seven years.

Published in General News
Wednesday, 21 March 2018 09:16

Fonterra posts $348m half-year loss

Fonterra has posted a half-year loss of $348 million on the back of a huge write-down of its Beingmate investment in China.

Published in General News
Tuesday, 20 March 2018 09:55

Beingmate bypasses Fonterra

Troubled Chinese infant formula company Beingmate has sold a subsidiary, despite opposition from cornerstone shareholder Fonterra which owns an 18.8% interest.

Published in General News
Tuesday, 13 March 2018 14:55

Global co-ops find it tough in China

Fonterra is not the only global dairy co-op struggling to save a joint venture in China.

Published in General News
Tuesday, 06 March 2018 10:55

Head in the sand?

Despite news that Fonterra’s partnership with Chinese company Beingmate appears to be going from bad to worse, the co-op is still claiming “confidence” in the investment.

Published in General News
Wednesday, 28 February 2018 08:55

Fonterra’s Chinese mate hobbling payout prospect

Fonterra has scope to lift its payout from current guidance, but its losses on Beingmate will likely weigh on its earnings and dividend payments, says New Zealand brokerage firm OMF Financial.

Published in General News

Fonterra says its partnership with Beingmate has enabled the Anmum range to expand from 60 to 184 cities. 

Published in General News
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