Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

NZDRI Renamed Fonterra Research Centre

New Zealand's world-renowned Dairy Research Institute (NZDRI) is to be renamed the Fonterra Research Centre as part of the co-operative's alignment of Research & Development resources with the new business strategies of Fonterra.

Dr Chris Mallett, Fonterra's Director, Research & Development, said last year's dairy industry merger meant the new company could more effectively leverage the unique skills of Fonterra Research Centre into its growth strategy.

"Fonterra is vital to New Zealand's future and R&D is vital to Fonterra's future," Dr Mallett said. "The R&D structure we are putting in place is designed to weave technology and innovation into the fabric of Fonterra."

Dr Mallett, who has responsibility for leading the development and implementation of an R&D strategy and aligning Fonterra's R&D efforts across the group, said a new high-level Fonterra Innovation Group would be responsible for ensuring science and research are "inextricably linked" with the commercial objectives of NZMP, NEW ZEALAND MILK and Fonterra Enterprises.

"Where different business units have similar research needs, we will be looking to consolidate our efforts and capture synergies between them. The Group will involve leaders from each of the business units and will lead innovation across Fonterra."

Reporting to Dr Mallett will be six Technology Leaders with responsibility for different streams of research. The six streams are Intellectual Property, Food & Environmental Assurance, On-farm Productivity, Bioactives & Health, Food Systems and Process Technology.

"These six leaders will identify and fund the programmes, scientists and institutions that will deliver Fonterra's research priorities, and they will take a global approach in doing so."

Also reporting to Dr Mallett will be Dr Allan Anderson, the Chief Executive of the Fonterra Research Centre, the renamed New Zealand Dairy Research Institute.

"Over 75 years, the NZDRI has established an international reputation that is second-to-none in process and product development innovation," Dr Mallett said. "It is unique in the dairy world and it will continue to be the cornerstone of Fonterra's research effort."

Dr Mallett said it was important Fonterra protected this capability within the company and in New Zealand. "The Fonterra Research Centre will ensure we continue to have core scientific competencies within the company, it protects our knowledge and it delivers cost efficiencies and synergies. It is a vital asset to Fonterra and to New Zealand."

Fonterra Co-operative Group Ltd is New Zealand's largest private-sector investor in Research & Development, with an annual budget of approximately NZ$110 million. Of this, approximately NZ$35 million is spent within the Fonterra Research Centre.

END

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>