Weâre on a mission to make dairy nutrition a bigger part of everyoneâs lives. , Fonterra says it shares community concern about tropical deforestation, "which in some cases has been driven by the establishment of palm oil plantations". , In late August 2013 laboratory test results revealed that the bacteria found in the whey protein concentrate manufactured by Fonterra was not the botulism-causing Clostridium botulinum..  Its core business consists of exporting dairy products under the NZMP brand (95% of its New Zealand production is exported). Greenpeace alleged that the Edendale plant will burn 179,000 tonnes of lignite, which will release over 250,000 tonnes of carbon emissions. Best Price Guarantee | Fast Shipping | Afterpay & Laybuy Accepted ", In late 2018, Fonterra's Brightwater milk-processing plant, in association with Azwood Energy, began burning wood biomass, alongside coal, to reduce carbon emissions. , The capital structure changes also sought to provide greater incentives for farmers to increase their investment in Fonterra shares, helping ensure Fonterra has sufficient share capital to fund profitable business opportunities and drive a higher payout to dairy farmers.. , The third step, titled "Trading Among Farmers", involves more far-reaching change to Fonterra's capital structure. In September 2009, the board announced a three-step process to revamp Fonterra's capital structure. Fonterra Brands New Zealand is one of the largest consumer food organisations in Australasia.  He said if one partner did not tell the truth to the other "you have a critical breakdown in that relationship". âWe are excited about Brett joining the team.  John Monaghan succeeded Wilson. , Fonterra is currently educating its sites on the best way to reduce pollution. On 24 November 2009 two Sanlu former workers Zhang Yujun and Geng Jinping were executed.  If their milk production dropped in any season, they could redeem shares back to the co-operative, which was required to buy the shares back off them. October 31, 2018. We're continually looking for ways to be more energy efficient. up to a maximum of 1.2 shares per kgMS). Click here to claim this listing... Is this your listing?  After the initial focus on Sanlu, China's quality watchdog said that inspectors had also found the chemical melamine in baby formula produced by 22 companies nationwide. "Following this impairment charge, Fonterra's best estimate at this point of time, of the book value of its investment in Sanlu is approximately $62 million", which was 69 per cent below its previous carrying value. Bega themselves have since challenged this, accusing Fonterra of not living up to the agreement, by not promoting the brand and therefore devaluing it. , In 2010, US embassy cables leaked by WikiLeaks suggested New Zealand had only sent troops to Iraq in 2003, following the initial invasion, so Fonterra would keep valuable Oil for Food contracts. In December 2011, the Green Party questioned Fonterra's credibility and the effectiveness of the self-auditing approach given the wide discrepancy between Fonterra's claims and an independent audit of Dairying and Clean Streams Accord.. Additional info: Refer Fonterra Co-operative Group Ltd. Fonterra Canpac 4. Fonterraâs brands are known and loved by hundreds of millions of people in more than 140 countries. " The next day, Helen Clark, agreed that the company had been too slow to speak out. She was keen to work for FBNZ because of the well-known kiwi brands, changing culture, flexible working, and FBNZ was highly recommended by her colleagues. , In response to the protest, Fonterra said, "We use 13.9 percent less energy to produce each tonne of export product than we did in 2003. At a local level … I think the first inclination was to try and put a towel over it and deal with it without an official recall." In New Zealand, as in most Western countries, dairy co-operatives have long been the main organisational structure in the industry. We have so many wonderful and exciting ice cream flavours to choose from that kids and adults alike will thoroughly enjoy, all created from NZ dairy. , In 2010, Fonterra signed a voluntary agreement with local councils and freezing works to clean up the river. Fonterra Brands Limited was incorporated on 12 February 2002 (Tuesday) and as of 27 June 2016 (Monday) is a Registered NZ Limited Company. Both Fonterra sites are major employers in the region, and invaluable contributors to the greater South Canterbury community. , On 3 August 2013, authorities in New Zealand announced a global recall of up to 1,000 tonnes of dairy products after tests turned up a type of bacteria that could cause botulism. Fonterra Brands NZ managing director Peter McClure says the timing wasn't good, but didn't think it would adversely affect the company. The second step changed the way Fonterra shares were valued to reflect that share ownership is restricted to farmers only. , Additionally, Fonterra would set up a special fund that would financially help farmers purchase shares (or retain shares they would otherwise have to sell). Fonterra has a number of subsidiaries and joint-venture companies operating in markets around the world. Praised by some as a bold move which would allow better access to outside capital, the proposals encountered significant opposition from both farmer shareholders and the government (who would be required to pass enabling legislation). Fonterra is a global dairy nutrition company owned by 10,000 farmers and their families. Treatment will be phased in so that by 2015 the discharge will be treated to a level where the water will be fit to swim in year-round. At Fonterra we believe the goodness of milk should be celebrated so weâre on a mission to make dairy a bigger part of everyoneâs lives, by delivering the most innovative and best-tasting New Zealand dairy to everyone. In South Canterbury, Fonterra has two sites at Clandeboye (1 Rolleston Road, Clandeboye) and Studholme (12 Packers Road, RD10, Waimate). Fonterra was fined $24,000.  Coal Action Network Aotearoa welcomed the decision, but warned against utilising other fossil fuels, such as gas, in substitution, suggesting wood biomass, as a better alternative. CEREALS, SUGAR, EDIBLE OILS, SAUCES AND DAIRY â¦ The shares of departing farmers would normally be taken up by non-farmers as units in the Shareholders Fund. , In August 2009, Greenpeace claimed that Fonterra was implicated in the destruction of Indonesian and Malaysian rainforests, causing deaths of orangutans and increased global greenhouse gas emissions. Made using trusted processes and the highest quality natural dairy, our brands are loved by consumers around the world. Transpower Project Innovation Award; Winner: Fonterra Co-operative Group – Whareroa heat recovery loop, Contact Energy Management Award; Winner: Fonterra Co-operative Group – Energy efficient project management team, This page was last edited on 27 November 2020, at 19:35. 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