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Fonterra flags job cuts under cost-savings plan

New Zealand-based dairy cooperative Fonterra is to cut NZ$1bn ($596m) in costs including laying off an unknown number of employees.

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Fonterra backs animal-free dairy protein start-up Vivici

Fonterra has invested in the seed funding round of Vivici, a start-up developing animal-free dairy proteins through precision fermentation.

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Fonterra launches nutrition science venture arm

Fonterra has today announced the launch of a new corporate ventures arm to invest in the area of nutrition science.

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Fonterra slashes valuations of domestic consumer business

Fonterra has blamed economic conditions for its decision to wipe NZD92m (US$56.8m) off the valuation of its domestic consumer business.

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New Zealand dairy cooperative Fonterra backtracks Australia business sell

Dairy cooperative Fonterra has backtracked on its plans to sell its Australian business, saying business in the country is “going well”.

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Fonterra to close New Zealand milk-powder plant

Fonterra plans to close a milk-powder plant in New Zealand as the dairy cooperative optimises production amid falling milk supply.

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