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

 


Food technology research draws companies together

27 July 2004

Food technology research draws companies together

Dairy company Fonterra and German transnational BASF are collaborating
on research, which could lead to new commercial opportunities for
value-add dairy products in the rapidly-growing health ingredients
market.

Executives of the two companies met in Auckland today to discuss ways
they can share technological and scientific expertise to develop foods
of the future.

BASF South East Asia president Dr Harald Lauke said the partnership was
BASF's first research cooperation with a dairy company, although BASF
has a long history of including customers and other partners such as
universities in research and development projects.

Fonterra CEO Andrew Ferrier said BASF, a pioneer in vitamin production,
was well-established as Fonterra's preferred supplier of supplements
used in manufacturing nutritional milk products, and the excellent
business relationship between the two companies was an ideal base for
closer collaboration.

"Global demand for innovative dairy products is increasing all the
time," he said.

"To grow our value add business to meet that demand, we need a strong
base of quality research, which makes partnerships like this critical to
our future growth and success."

Mr Ferrier said three senior staff from Fonterra's Palmerston
North-based Marketing & Innovation division had just returned from
Germany, where they had compared notes on various initiatives in both
human and animal nutrition with senior BASF scientists. He expected
this to lead to further opportunities for collaboration and partnership.

Fonterra and BASF last month announced they would co-fund research into
the development of customised convenience foods.

The POSIFoods (point-of-sale individualised foods) project, also
supported by the Foundation for Research, Science & Technology, combines
cutting-edge nutrition science and food processing technology with
state-of-the-art vending machine technology.

Involving scientists from Massey University's Riddet Centre, the project
aims to develop vending machines capable of delivering snack foods
tailored to individual dietary needs and taste preferences.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Sky City : Auckland Convention Centre Cost Jumps By A Fifth

SkyCity Entertainment Group, the casino and hotel operator, is in talks with the government on how to fund the increased cost of as much as $130 million to build an international convention centre in downtown Auckland, with further gambling concessions ruled out. The Auckland-based company has increased its estimate to build the centre to between $470 million and $530 million as the construction boom across the country drives up building costs and design changes add to the bill.
More>>

ALSO:

RMTU: Mediation Between Lyttelton Port And Union Fails

The Rail and Maritime Union (RMTU) has opted to continue its overtime ban indefinitely after mediation with the Lyttelton Port of Christchurch (LPC) failed to progress collective bargaining. More>>

Earlier:

Science Policy: Callaghan, NSC Funding Knocked In Submissions

Callaghan Innovation, which was last year allocated a budget of $566 million over four years to dish out research and development grants, and the National Science Challenges attracted criticism in submissions on the government’s draft national statement of science investment, with science funding largely seen as too fragmented. More>>

ALSO:

Scoop Business: Spark, Voda And Telstra To Lay New Trans-Tasman Cable

Spark New Zealand and Vodafone, New Zealand’s two dominant telecommunications providers, in partnership with Australian provider Telstra, will spend US$70 million building a trans-Tasman submarine cable to bolster broadband traffic between the neighbouring countries and the rest of the world. More>>

ALSO:

More:

Statistics: Current Account Deficit Widens

New Zealand's annual current account deficit was $6.1 billion (2.6 percent of GDP) for the year ended September 2014. This compares with a deficit of $5.8 billion (2.5 percent of GDP) for the year ended June 2014. More>>

ALSO:

Still In The Red: NZ Govt Shunts Out Surplus To 2016

The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, the next election year and promising to try and achieve the surplus pledge on which it campaigned for election in September. More>>

ALSO:

Job Insecurity: Time For Jobs That Count In The Meat Industry

“Meat Workers face it all”, says Graham Cooke, Meat Workers Union National Secretary. “Seasonal work, dangerous jobs, casual and zero hours contracts, and increasing pressure on workers to join non-union individual agreements. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news