New Zealand
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Fonterra reveals ambitious plan to cut US$598 million in costs amid global dairy price decline
NEW ZEALAND – New Zealand’s dairy giant, Fonterra, has unveiled a strategic plan aimed at slashing approximately US$598 million in costs over the next seven…
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Fonterra, DSM back animal-free dairy protein start-up Vivici in seed funding round
NEW ZEALAND – Fonterra, a multinational publicly traded dairy co-operative, has invested in the seed funding round of Vivici, a Dutch start-up producing animal-free dairy…
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A2 Milk Company warns of weak revenue growth amid lower birthrates, stiff competition
NEW ZEALAND – Premium branded dairy nutritional company, A2 Milk, has warned of weak revenue growth and challenges in China’s infant milk formula (IFM) market…
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Danone launches dairy and plant milk powder blend for infants
Australia/New Zealand – French dairy producer, Danone, has introduced a dairy and plant milk powder blend designed for infants and toddlers in Australia and New…
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Westland Milk becomes major shareholder in Ausnutria’s baby formula venture
NEW ZEALAND – Westland Milk has acquired 60% of shares worth US$19 million from Hong Kong-listed infant formula business Ausnutria according to a stock exchange…
