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

 


Fonterra Forms Partnership with UK-Based Dairy Crest

Fonterra Forms Exclusive Partnership with UK-Based Dairy Crest


Fonterra has entered into an exclusive partnership with UK-based Dairy Crest to market and sell two products for the fast growing global baby food market.

The products - Galacto-oligosaccharide (GOS) and Demineralised Whey – are both used in the manufacture of infant formulas, and will be manufactured by Dairy Crest. Fonterra will be the dedicated and exclusive sales channel for the infant formula ingredients produced.

Dairy Crest is entering into a newly-formed joint venture with UK-based Fayrefield Foods to produce the GOS. These plants are expected to begin production in 2015.

Fonterra Chief Executive Theo Spierings said the agreement was a win-win for all companies which would each bring their proven expertise to the partnership.

“This agreement aligns with Fonterra’s global business strategy to develop leading positions in infant formula and growing up milk powders and to extend and grow our infant formula business-to-business ingredient business in China, Europe and other key international markets.

“Infant formula is the fastest growing dairy category in the world. Demand is particularly strong in Asia, where China is the leading global infant formula market. We have well-established relationships in the region, and China specifically, and want to continue servicing our customers with excellent quality ingredients under the NZMP™ brand.

“Dairy Crest shares our absolute commitment to safe, high-quality dairy nutrition. It is a company that possesses proven technical expertise, a quality culture and an excellent source of high-quality whey. It is already developing a demineralised whey powder plant, and has now confirmed plans to develop its Davidstow site where it will produce GOS.

“The agreement also has clear synergies with our investment in a new Whey and Lactose processing factory in Heerenveen, The Netherlands, that is under construction. This new plant will provide the raw material for the manufacture of GOS by Dairy Crest,” said Mr Spierings.

Dairy Crest’s Chief Executive, Mark Allen, said “Demineralised whey powder and GOS form an important part of Dairy Crest’s strategy to grow added value sales. We are excited to be working with Fonterra and Fayrefield Foods to bring these two innovative new products to market. These partnerships, with leading experts in their field, give us exposure to global growth opportunities.”
Fonterra has entered into an exclusive partnership with UK-based Dairy Crest to market and sell two products for the fast growing global baby food market.

The products - Galacto-oligosaccharide (GOS) and Demineralised Whey – are both used in the manufacture of infant formulas, and will be manufactured by Dairy Crest. Fonterra will be the dedicated and exclusive sales channel for the infant formula ingredients produced.

Dairy Crest is entering into a newly-formed joint venture with UK-based Fayrefield Foods to produce the GOS. These plants are expected to begin production in 2015.

Fonterra Chief Executive Theo Spierings said the agreement was a win-win for all companies which would each bring their proven expertise to the partnership.

“This agreement aligns with Fonterra’s global business strategy to develop leading positions in infant formula and growing up milk powders and to extend and grow our infant formula business-to-business ingredient business in China, Europe and other key international markets.

“Infant formula is the fastest growing dairy category in the world. Demand is particularly strong in Asia, where China is the leading global infant formula market. We have well-established relationships in the region, and China specifically, and want to continue servicing our customers with excellent quality ingredients under the NZMP™ brand.

“Dairy Crest shares our absolute commitment to safe, high-quality dairy nutrition. It is a company that possesses proven technical expertise, a quality culture and an excellent source of high-quality whey. It is already developing a demineralised whey powder plant, and has now confirmed plans to develop its Davidstow site where it will produce GOS.

“The agreement also has clear synergies with our investment in a new Whey and Lactose processing factory in Heerenveen, The Netherlands, that is under construction. This new plant will provide the raw material for the manufacture of GOS by Dairy Crest,” said Mr Spierings.

Dairy Crest’s Chief Executive, Mark Allen, said “Demineralised whey powder and GOS form an important part of Dairy Crest’s strategy to grow added value sales. We are excited to be working with Fonterra and Fayrefield Foods to bring these two innovative new products to market. These partnerships, with leading experts in their field, give us exposure to global growth opportunities.”

- ENDS -

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Bad Day For Rope: Donaghys Job Losses Another Blow To Dunedin

The loss of 30 jobs from Donaghys rope and twine factory is yet another blow to the people and economy of Dunedin, says Dunedin South Labour MP Clare Curran. More>>

ALSO:

Oil: 2014 New Zealand Petroleum Summit

Simon Bridges: Our abundance of energy and minerals resources provides us with unique opportunities to build the New Zealand economy.

Over the past three years the Government has made significant changes to how the sector is regulated. More>>

ALSO:

WWF Report: Solutions In Reach; World Biodiversity Suffers Major Decline

Global wildlife populations have declined by more than half in just 40 years as measured in WWF's Living Planet Report 2014. Wildlife's continued decline highlights the need for sustainable solutions to heal the planet... More>>

ALSO:

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news