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

 


Fonterra Announces $32 Million Foodservice Expansion

Fonterra Announces $32 Million Foodservice Expansion in Eltham

Fonterra today announced a $32 million expansion of its slice-on-slice cheese capacity at its Collingwood Street site in Eltham, Taranaki.

Slice-on-slice cheese is used extensively in quick service restaurants for products such as hamburgers and sandwiches.

Work will start in early 2014 and is expected to be completed in mid-2015. When complete, the expanded plant will deliver both increased capacity and improved processes to meet growth in global demand from Fonterra’s foodservice customers.

Fonterra Director of Foodservice, René Dedoncker, said the investment demonstrated the Co-operative’s drive to grow its business in the high-value foodservice industry.

“Our foodservice business has grown 9 per cent in volume over the past 3 years and the profitability of foodservice has increased 11 per cent in the same period.

“We also achieved double digit growth in China where foodservice grew 28 per cent.

“This investment in slice-on-slice cheese is in response to fast-growing demand throughout Australasia, Asia and the Middle East.”

International growth in cheese is being driven by trends in eating out of home, particularly in emerging Asian economies where there is a continued shift toward more westernised diets.

Mr Dedoncker said driving its foodservice business is one of Fonterra’s seven strategic pathways and the Co-operative had set itself ambitious growth targets over the next five years.

The foodservice category includes full and quick service restaurants, bakeries, cafes, hotels, airline catering facilities and other commercial kitchens.


- ENDS -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Cosmetics & Pollution: Proposal To Ban Microbeads

Cosmetic products containing microbeads will be banned under a proposal announced by the Minister for the Environment today. Marine scientists have been advocating for a ban on the microplastics, which have been found to quickly enter waterways and harm marine life. More>>

ALSO:

NIWA: 2016 New Zealand’s Warmest Year On Record

Annual temperatures were above average (0.51°C to 1.20°C above the annual average) throughout the country, with very few locations observing near average temperatures (within 0.5°C of the annual average) or lower. The year 2016 was the warmest on record for New Zealand, based on NIWA’s seven-station series which begins in 1909. More>>

ALSO:

Farewell 2016: NZ Economy Flies Through 2016's Political Curveballs

Dec. 23 (BusinessDesk) - New Zealand's economy batted away some curly political curveballs of 2016 to end the year on a high note, with its twin planks of a booming construction sector and rampant tourism soon to be joined by a resurgent dairy industry. More>>

ALSO:


NZ Economy: More Growth Than Expected In 3rd Qtr

Dec. 22 (BusinessDesk) - New Zealand's economy grew at a faster pace than expected in the September quarter as a booming construction sector continued to underpin activity, spilling over into related building services, and was bolstered by tourism and transport ... More>>

  • NZ Govt - Solid growth for NZ despite fragile world economy
  • NZ Council of Trade Unions - Government needs to ensure economy raises living standards
  • KiwiRail Goes Deisel: Cans electric trains on partially electrified North Island trunkline

    Dec. 21 (BusinessDesk) – KiwiRail, the state-owned rail and freight operator, said a small fleet of electric trains on New Zealand’s North Island would be phased out over the next two years and replaced with diesel locomotives. More>>

  • KiwiRail - KiwiRail announces fleet decision on North Island line
  • Greens - Ditching electric trains massive step backwards
  • Labour - Bill English turns ‘Think Big’ into ‘Think Backwards’
  • First Union - Train drivers condemn KiwiRail’s return to “dirty diesel”
  • NZ First - KiwiRail Going Backwards for Xmas
  • NIWA: The Year's Top Science Findings

    Since 1972 NIWA has operated a Clean Air Monitoring Station at Baring Head, near Wellington... In June, Baring Head’s carbon dioxide readings officially passed 400 parts per million (ppm), a level last reached more than three million years ago. More>>

    ALSO:

    Get More From Scoop

     
     
     
     
     
     
     
     
    Business
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news