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

 


Fonterra seeks consent to build new drier at Pahiatua

Fonterra seeks consent to build ‘Darfield-sized’ milk powder plant at Pahiatua site

Dec. 5 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest exporter of dairy products, is seeking consents to build a new milk powder plant at Pahiatua, more than doubling output from the site and mopping up surplus milk in the lower North Island.

The third drier at Pahiatua would process 2.5 million litres of milk a day, making it a similar size to its new 2.2 million litre-a-day plant at Darfield in Canterbury. The two existing driers at Pahiatua process 1.4 million litres a day, forcing Fonterra to send a further 1.6 million litres by rail to its Whareroa plant.

“While most of the growth in dairy is coming from the South Island we are still seeing some growth in the North Island and we want to be able to process extra milk in a way that enables the most value to our farmers,” said Fonterra’s director of NZ operations, Brent Taylor.

Fonterra isn’t disclosing the potential cost of the new drier though it spent $200 million on the first stage of its Darfield facility and will spend a further $300 million on stage 2, which is underway now.

Units in the Fonterra Shareholders’ Fund fell 1.6 percent to $6.64 on the NZX today, having sold in the initial public offering at $5.50 apiece.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Net Annual Migration Passes 71,000

A record 71,300 more migrants arrived in New Zealand than left in the January 2017 year, Statistics New Zealand said today. This surpassed the previous annual record set in December 2016. More>>

ALSO:

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news