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Fonterra says soaring cheese prices drove half year sales to $546m

New Zealand dairy giant Fonterra has reported a 50 per cent spike in its first-half profit, totalling NZD 546 million (AUD 506 million), owing mostly to favourable margins in the company’s cheese and protein portfolios. 

Welding company K-TIG bags $600,000 order for turnkey welding system

K-TIG Limited has received a $600,000 supply and onsite commissioning order from Brewery Chemical & Dairy Engineering for the development of a Linear Precision Grow Line Circumferential Welding System

Keytone Dairy pens new distribution contract with Chinese Theland 

Keytone Dairy has inked a deal with Chinese brand distributor Theland for its whole and skim milk powders with opening orders amounting to approximately...

Fonterra breaks export volumes record in December

Dairy giant Fonterra has announced that it exported record monthly volumes in December. Fonterra is the largest dairy exporter in the world; the company said...

Fonterra sells Australian yoghurt and dairy desserts businesses to Parmalat Australia

Dairy giant Fonterra has come to an agreement with Parmalat Australia for the sale of its Australian yoghurt and desserts businesses and its manufacturing...

Dairy giant Fonterra to build $141m plant in Australia

Fonterra has announced that it will invest $141 million to build a new cheese plant at its Stanhope factory in Victoria. According to the official...

Fonterra sells off Bega Cheese stake for $74m

Dairy giant Fonterra has announced that it has sold off its 9% shareholding in Bega Cheese for almost A$74 million. In an ASX announcement issued...

Vitamins maker Blackmores teams up with Bega Cheese to make nutritional foods

Natural health and vitamins product producer Blackmores has established a joint venture with dairy nutritional product maker Bega Cheese to develop and manufacture nutritional...

Fonterra gets Beingmate approval for Darnum JV

The Beingmate Baby and Child Food Company has granted its approval for the establishment of a joint venture with Fonterra to acquire the dairy...

Murray Goulburn acquires Tasmanian Dairy Products

Australia’s largest agricultural co-operative Murray Goulburn has announced that it has finalised the acquisition of the $80 million Tasmanian Dairy Products (TDP) facility from...

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