We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Fonterra Expands Outside New Zealand, Builds Dairy Farms in China

February 22, 2011: 10:48 AM EST
Fonterra Co-Operative Group Ltd. CEO Andrew Ferrier has said his company plans to expand outside New Zealand, particularly in China. Fonterra, which has sales near $13 billion and produces about a third of the internationally traded dairy products globally, is building dairy farms in China; this follows the 2008 contaminated milk scandal involving Shijiazhuang Sanlu Group Co., which was 43-percent owned by Fonterra and prompted it to take control of all aspects of its operations in China. Ferrier sees growing wealth and population growth increasing demand, even as climate change and increasing costs of production push up milk prices worldwide. He added that Fonterra will not sell genetically modified milk products in countries where consumers do not want them, and is instead focusing on selective breeding of cows to improve milk quality and production.
REBECCA HOWARD, "Dairy Producer Eyes Expansion in China", The Wall Street Journal, February 22, 2011, © Dow Jones & Company, Inc.
Domains
FOOD BUSINESS NEWS
Market Segments
News
Companies
Source & Supply Chain
Strategy
Dairy Food
Geographies
Worldwide
Asia-Pacific
China
New Zealand
Categories
Comment & Opinion
Companies, Organizations
Trends
Developed by Yuri Ingultsov Software Lab.