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

 

Half Full: Dairy Payouts Steady, Cash Will Be Tight

Industry body DairyNZ is advising farmers to focus on strong cashflow management as they look ahead to the 2015-16 season following Fonterra's half-year results announcement today. More>>

ALSO:

First Union: Cotton On Plans To Use “Tea Break” Law

“The Prime Minister reassured New Zealanders that ‘post the passing of this law, will you all of a sudden find thousands of workers who are denied having a tea break? The answer is absolutely not’... Cotton On is proposing to remove tea and meal breaks for workers in its safety sensitive distribution centre. How long before other major chains try and follow suit?” More>>

ALSO:

Scoop Business: NZ-Korea FTA Signed Amid Spying, Lost Sovereignty Claims

A long-awaited free trade agreement between New Zealand and South Korea has been signed in Seoul by Prime Minister John Key and the Korean president, Park Geun-hye. More>>

ALSO:

PM Visit: NZ And Viet Nam Agree Ambitious Trade Target

New Zealand and Viet Nam have agreed an ambitious target of doubling two-way goods and service trade to around $2.2 billion by 2020, Prime Minister John Key has announced. More>>

ALSO:

Scoop Business: NZ Economy Grows 0.8% In Fourth Quarter

The New Zealand economy expanded in the fourth quarter as tourists drove growth in retailing and accommodation, and property sales increased demand for real estate services. More>>

ALSO:

Scoop Business: RBNZ’s Wheeler Keeps OCR On Hold, No Rate Hikes Ahead

The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down inflation, and the central bank ponders whether to lower its assessment of where “neutral” interest rates should be. The kiwi dollar gained. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news