Australian-produced Fonterra Mozzarella Cheese to Supply the Chinese Pizza Market

Australian mozzarella cheese from Victoria will be exported to China for the first time, it was announced on Tuesday [1 August 2017]. Fonterra Australia, one of the country’s leading dairy companies, will send cheese from its new $112 million factory in Stanhope, 197 kilometers north of Melbourne, to China for use on pizza…Full Article: China

Royal FrieslandCampina (Netherlands) and Fonterra (New Zealand) Promoting the Use of Dairy Ingredients in China

In an industrial kitchen in a leafy, residential suburb of central Shanghai, a quiet culinary evolution is taking place. Beside shelves stacked with butter mounds the size of bread loaves and 11 pound (5 kilogram) cheese wheels, chefs are experimenting with exotic ingredients that their New Zealand supplier, Fonterra Cooperative Group Ltd, wants to become

New Zealand’s Fonterra Inks Agreement with the Bank of China to Establish US$216 Million Multi-Currency Facility

Dairy giant Fonterra said on Thursday [15 December 2016] that it had established a 1.5 billion yuan ($216.36 million) multi-currency facility with Bank of China. Fonterra, the world’s largest dairy exporter, said the facility will provide diversity in its yuan funding sources for its operations in China, its largest market…Full Article: The Global Times Dec

Expired Fonterra Milk Powder Repackaged and Resold by Individuals in Shanghai

Fonterra is conducting an internal review but denies any wrongdoing after Chinese police arrested 19 people in Shanghai for selling around 300 tonnes of the company’s expired milk powder…Full Article: NZ Herald Oct 2016 Key Point Approximately 200 MTs of the expired Fonterra milk powder was repackaged and resold (via wholesale markets and e-commerce sites)

Fonterra’s Chinese Partner, Beingmate, Reverses Profit Projection in the Wake of a Counterfeit Infant Formula Scandal

Fonterra’s Chinese business partner Beingmate has been financially damaged by a case of alleged milk powder tampering, causing it to forecast a loss of up to $48 million for the first quarter of the financial year…Full Article: Stuff.co.nz July 2016 Key Point Beingmate had projected a NZ$21 million profit, but revised this figure to a

Fonterra Supplier and Australia’s Oldest Dairy Sold to Chinese Businessman

Chinese buyer Lu Xianfeng announces its recent U.S.$280 million acquisition of Australia’s largest and oldest dairy farm Van Diemen’s Land Company (VDL) in northwest. The VDL was owned by various New Zealand entities. Late last year, its current owner New Plymouth District has agreed to sell the farm to Moon Lake Investments, owned by Lu

New Zealand’s Fonterra and China’s Beingmate to Establish a Dairy JV in Australia

New Zealand dairy giant Fonterra on Thursday [29 October 2015] welcomed moves to establish a joint venture with a major Chinese infant food maker in Australia. Fonterra Cooperative Group Ltd. confirmed the board of Beingmate Baby and Child Food Company Ltd. had formally approved a joint venture to purchase Fonterra’s Darnum plant in the Australian

Fonterra Purchases 18.8% of Chinese Infant Food Producer Beingmate for ~US$556 Million

Fonterra Co-operative Group, the world’s largest dairy exporter, completed its purchase of 18.8 percent of equity shares from Chinese infant food maker Beingmate Baby & Child Food Co Ltd on Friday [20 March 2015]. The New Zealand dairy giant said it is going to work on increasing its stake to 20 percent. The purchase at