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Displaying 191 - 200 of 292 items.
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Babich Wines: 100 years, 100 stories

Babich Wines, one of the pioneers of New Zealand winemaking, has launched the brand’s first integrated marketing campaign developed in conjunction with Independent Creative Agency, Goodfolk to celebrate the brand’s upcoming centenary. To celebrate the centenary, Babich Wines is sharing 100 stories that have shaped their family’s 100 years of innovation, achievement and winemaking excellence. The stories, along with rare imagery will be posted on dedicated pages on ... more

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Synlait profits halve as milk prices drop

Canterbury dairy company Synlait Milk has almost halved its net profit for the July year to $10.6 million, driven by lower than expected sales of the protein, lactoferrin, and its decision to prioritise payments to milk suppliers in a period of a very low milk prices. The company's underlying net profit after tax was $12.2 million compared with $19.6 million in the previous year. The $10.6 million net profit was after unrealised foreign exchange losses, which it said would be unwound in ... more

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Fonterra announces more job cuts

Fonterra has confirmed another 250 job cuts following the 500 announced in June. The dairy co-operative is in the middle of a comprehensive business overhaul, which has now seen 750 of its 18,000 staff cut - with most of the losses in its New Zealand businesses. Fonterra chief executive Theo Spierings has said previously the cuts are expected to save the $60 million a year for the co-operative. In it's last announcement, Fonterra confirmed jobs were being looked at closely in ... more

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Zespri shares innovation in inaugural Symposium

Zespri invests over $15 million in kiwifruit innovation science each year and the inaugural Kiwifruit Innovation Symposium on 29 October in Mt Maunganui gives people a chance to see the latest developments for themselves. Zespri General Manager Marketing and Innovation Carol Ward explains innovation is huge part of the industry with significant investment from Zespri, along with the NZ government and industry. Zespri wants to share this work with its community and hear their ideas ... more

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Fresh new partnership announced: Plant & Food Research joins United Fresh

One of New Zealand’s largest scientific research organisations has joined United Fresh New Zealand Incorporated, the country’s only pan-produce organisation. Plant & Food Research is now a member of United Fresh, which has 86 members from across the fresh produce value supply chain. United Fresh General Manager, Paula Dudley, says the organisation is looking forward to continuing its work with the highly regarded scientific institute. “United Fresh has ... more

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Fonterra opens new manufacturing facility in Indonesia

Fonterra Co-operative Group Limited has officially opened its new blending and packing plant in Indonesia – its first manufacturing facility in the country. Chairman John Wilson said the plant is Fonterra’s largest investment in ASEAN in the last decade and will support the growth of Fonterra’s brands – Anmum, Anlene and Anchor Boneeto – in Indonesia. “Fonterra has been supplying high quality dairy nutrition to Indonesia for more than 30 ... more

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Global dairy prices up sharply for third time in a row

Dairy prices surged sharply higher for the third time in a row at the latest GlobalDairyTrade auction, the GDT price index rising by 16.5 per cent since the last sale early this month. Whole milk powder prices, the key component of Fonterra's farmgate milk price, put on the strongest performance of all the product groups by jumping by 20.6 per cent to an average price US$2,495 a tonne. Whole milk prices have now rallied by 56.9 per cent since hitting a low point of US$1,590 in ... more

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Silver Fern Farms in 50/50 deal with Shanghai Maling for $261 million

Silver Fern Farms' deal with Shanghai Maling, China's largest meat processor, is a good deal for the company and not a bad one for New Zealand, chairman Rob Hewett says. Bright Food Group, China's largest food company, owns 38 per cent of Shanghai Maling. Silver Fern Farms' board unanimously recommended the deal in which Shanghai Maling would invest $261 million in cash to own half of Silver Fern Farms' business, with the co-operative owning the other half. The deal gave an ... more

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Renaissance Brewing turns 10, celebrates with massive export orders

Crowdfunded craft brewery, Renaissance Brewing, celebrated its 10th birthday last week with continuing growth in its export markets. The award winning company, who brews in the gourmet province of Marlborough, New Zealand received orders in the last month valued at over $250k to the USA, Japan, Australia, China and Singapore. Brian Thiel CEO said: “With the start of a new fiscal year we were tracking well and these new orders are a great birthday present for us, it’s what the ... more

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Dairy prices gain again

Dairy prices, after suffering a steep slide since March, rose for the second time in a row at this morning's GlobalDairyTrade auction, the GDT price index gaining 10.9 per cent. Whole milk powder prices, which are key to determining Fonterra's farm gate milk price, rose by 12.1 per cent to an average US$2,078 a tonne. Further out along the price curve, whole milk powder traded at US$1,975/tonne for the November contract period, US$2,105/tonne for December and US$2,110 for March 2016. ... more

Displaying 191 - 200 of 292 items.
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