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

 

Royal Society: Review Finds Community Water Fluoridation Safe And Effective

A review of the scientific evidence for and against the efficacy and safety of fluoridation of public water supplies has found that the levels of fluoridation used in New Zealand create no health risks and provide protection against tooth decay. More>>

ALSO:

Scoop Business: Croxley Calls Time On NZ Production In Face Of Cheap Imports

Croxley Stationery, whose stationery brands include Olympic, Warwick and Collins, plans to cease manufacturing in New Zealand because it has struggled to compete with lower-cost imports in a market where the printed word is giving way to electronic communications. More>>

ALSO:

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news