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

 

Fonterra Remains Committed to Sri Lanka Despite Suspension

23 August 2013

Fonterra Remains Committed to Sri Lanka Despite Temporary Suspension of Consumer Operations

Fonterra Co-operative Group Limited has today taken the precautionary step of temporarily suspending its consumer operations in Sri Lanka because of the unstable situation at the moment.

Chief Executive Theo Spierings said Fonterra has two immediate priorities: protecting its people, and protecting its farmer shareholders’ assets.

“The temporary suspension is the right thing to do.  It is a precautionary measure to ensure our 755 people working there are safe.   We have closed our plants and office in Sri Lanka, and have asked our people to stay at home.

“At the same time, we must do all that we can to protect our farmer shareholders’ investment in Fonterra’s Sri Lanka manufacturing and commercial operations.”

Mr Spierings said Fonterra has provided every possible assurance to the Sri Lankan authorities about the safety and quality of Fonterra’s products, and remains committed to the Sri Lankan people.

“Recent events, however, have made it difficult to maintain day-to-day operations, and we need to get them resolved.

“Fonterra Sri Lanka is currently subject to a court Enjoining Order which has shut down our ability to sell product, advertise it or make public statements in any way with customers or consumers in Sri Lanka.

“Legal action is underway that is aimed at resolving the Enjoining Order. 

“We are also working with Sri Lankan and New Zealand government authorities on a long-term sustainable solution for our Sri Lankan customers, communities and dairy sector,” said Mr Spierings.

Sri Lanka is one of the key markets for the New Zealand dairy industry.  The New Zealand dairy industry has been providing high quality dairy nutrition to people across Sri Lanka for more than 35 years. 

Fonterra also plays an important role in helping develop the local dairy industry.  Earlier this year the Co-operative launched a Farmer Training and Education Programme to help develop dairy farming skills in Sri Lanka.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:

Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>

ALSO:

Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Stats NZ: Annual Goods Trade Surplus At 28-Year High

New Zealand’s annual goods trade surplus reached a 28-year high of $2.2 billion as imports tumbled in the year ended October 2020, Stats NZ said today. “This is the largest annual surplus since the July 1992 year, driven mainly by much lower ... More>>

ComCom: How Real Is That Bargain?

The Commerce Commission urges retailers and consumers to think hard about the bargains being offered as ‘Black Friday’ and Christmas draw near. Black Friday has now overtaken Boxing Day in terms of retail spending, according to data from electronic ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO:


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>