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


Fonterra to Invest $27 Million in New Dry Store at Te Rapa

2 July 2013

Fonterra to Invest $27 Million in New Dry Store at Te Rapa

Fonterra has announced a $27 million investment in a dry store distribution centre at its Te Rapa site that will strengthen its Waikato operations and allow the Co-operative to deliver product more efficiently to its customers.

Fonterra’s Director Logistics Network, Mark Leslie, says the dry store will provide the Co-operative annual benefits of nearly $5m through reduced operating costs.

“Our seasonal production means that we store product until we receive orders. The new dry store will enable us to store product at the site of manufacture right through the peak of the season and to more efficiently manage the flow of goods through to our customers by better utilising the rail infrastructure out of our Crawford St distribution centre,” says Mr Leslie.

Fonterra’s base storage-capacity in the Waikato for Te Rapa product is currently only 60 per cent of the total requirement based on a standard season production profile of approximately 300,000 MT. The new dry store will more than double storage capacity at Te Rapa allowing all production to be stored in the Waikato before flowing direct to port for export.

The dry store is Fonterra’s third recent investment in the Waikato including a new UHT milk processing site at Waitoa and the expansion of its Te Rapa cream cheese plant in response to increasing demand for dairy nutrition in Asia.

The Te Rapa dry store investment also follows the recent Whareroa dry store announcement.
- ENDS -

© Scoop Media

Business Headlines | Sci-Tech Headlines


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Health: New Zealand's First ‘No Sugary Drinks’ Logo Unveiled

New Zealand’s first “no sugary drinks logo” has been unveiled at an event in Wellington... It will empower communities around New Zealand to lift their health and wellbeing and send a clear message about the damage caused by too much sugar in our diets. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news