Recent events
Recent events tied to this brand in public sources.
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2022
Fonterra announces wind-down of India joint venture
Fonterra announced it is winding down its joint venture in India with Future Consumer Limited, citing significant market disruption caused by Covid-19. The decision would affect 22 employees.
2021
Fonterra revises earnings guidance
Alongside its higher farmgate milk price forecast, Fonterra revised its earnings guidance to 25–35 cents per share from 25–40 cents per share.
2021
Fonterra reports higher earnings
Fonterra reported that its normalized net profit after tax for the nine months ending April 30, 2021 was NZ$587 million, up 61 percent year-on-year; its earnings before interest and tax rose 18 percent to $959 million.
2021
Right of first refusal for Fonterra’s Hangu farm sale is terminated
The right of first refusal held by Beijing Sanyuan Venture Capital to purchase Fonterra’s interest in its Hangu farm was terminated earlier in May after the parties made insufficient progress agreeing specific sale terms; Fonterra said it would open the sale process to more prospective buyers.
2021
Fonterra and Abbott initiate sale of China joint-venture farm
Fonterra said that, after discussions with joint-venture partner Abbott, the two parties decided to jointly initiate the sale of China joint-venture farm Chun Yuan Farm.
2020
Fonterra reports 2019/20 annual results
Fonterra announced its 2019/20 annual results, reporting profit after tax of $659 million and a 5-cent-per-share dividend, alongside its final Farmgate Milk Price and 2020/21 earnings guidance.
2019
Fonterra raises its 2019/2020 forecast farmgate milk price range
Fonterra raised its 2019/2020 forecast farmgate milk price range by 25 cents to $7.00–$7.60/kg MS, with a midpoint of $7.30/kg MS.
2019
Fonterra appoints Fraser Whineray as COO
Fonterra appointed Fraser Whineray to its management team as Chief Operating Officer in a newly created role; he was scheduled to start in early 2020.
2019
汤臣倍健 and Fonterra sign strategic cooperation agreement
汤臣倍健 and Fonterra signed a strategic cooperation agreement to collaborate in milk proteins and selected probiotics, including ingredient research, evaluation and product development.