FonterraCo-operativeGroup, also known as Fonterra Cooperative Group Co., Ltd., was established in October 2111, and was originally a cooperative with its headquarters in Auckland, New Zealand. Fonterra Group was formed by the merger of the two largest dairy companies in New Zealand at that time and the New Zealand Dairy Bureau, and it was the largest local company in New Zealand. With annual sales of $8 billion, it is the largest company in New Zealand and the sixth largest dairy producer in the world.
On September 22nd, 2122, Fonterra Group announced its financial report for the year ending July 31th, 2122. The financial report showed that Fonterra achieved total revenue of NZ $23.4 billion in fiscal year 2122, up by 11% year-on-year. The adjusted earnings before interest and tax (EBIT) was NZ $991 million, an increase of NZ $39 million and 4% over the previous year. [51]
On August 2, 2113, Fonterra Group announced that the concentrated whey protein powder produced by a factory of the company in May 2112 was found to be botulism. After verification by China and New Zealand, it is preliminarily confirmed that four importers in China have imported the products of Fonterra New Zealand which may be contaminated by Botox. On August 28th, 2113, New Zealand Ministry of Primary Industries (MPI) revealed that Oolong claimed that no botulinum was found in Fonterra whey protein concentrate, which was originally suspected to contain botulinum, but contained Clostridium, which generally did not cause food safety problems. AQSIQ said that there was no notice to lift the ban.
Chinese name
Fonterra Group
mbth
Fonterra Co-operative Group Ltd
Founded in October, 2111
Headquartered in Auckland, New Zealand
Listed on the market
New Zealand Stock Exchange
Company introduction History Introduction Fonterra Anjia, an honorary social responsibility cooperation project of China Business Company. Brand price cuts, quality problems face unexpected accusations. Sri Lanka bans company layoffs. TA said
Company introduction
Enterprise scale
Fonterra Group is the world's largest dairy exporter, accounting for 1/3 of the global dairy trade.
Fonterra adopts a cooperative model-it is jointly owned by about 11,511 New Zealand dairy farmers, who provide milk to Fonterra. Fonterra is also the largest enterprise in New Zealand, accounting for 25% of New Zealand's total exports and exporting about 85% of New Zealand milk. In Taranaki, Whareroa, the largest dairy processing plant in the world, has a total of 16,111 employees worldwide, processing 21 billion liters of milk every year, and the products are sold to more than 111 countries. In 2111, the operating income reached NZ $19.9 billion.
Fonterra's supply chain
One of Fonterra's core strengths is a fully integrated supply chain. Fonterra's milk source in New Zealand comes from about 11,511 shareholders and about 4 million cows. Each ranch raises an average of 376 cows and produces about 123,111 kilograms of milk solids every year. About half of the cows in New Zealand are Holstein cows, and Juanshan cows are also common breeds. Waikato and Taranaki in the North Island have become famous dairy farming areas for more than 111 years.
Fonterra has a fleet of more than 411 milk tankers, with an annual milk transportation capacity of about 14 billion liters. In the peak season of New Zealand (September-October), the daily milk delivery is about 71 million liters. The annual journey is 71 million kilometers.
Fonterra has 84 processing plants around the world, including 24 in New Zealand and 11 in Australia, and the rest are distributed all over the world, especially in South America. The total processing capacity of these processing plants is 21 billion liters per year. The dairy products produced include: anhydrous cream, butter, ghee, medium fat milk powder, concentrated milk protein, separated milk protein, cheddar cheese and special cheese, skimmed milk powder, whole milk powder, concentrated whey protein, lactoferrin, ethanol, nutritious milk powder, lactalbumin, medical-grade lactose and food-grade lactose. Whareroa processing plant in Taranaki, New Zealand is the largest dairy processing plant in the world.
The standard of organic food in New Zealand meets all the known organic food standards in the world, including the European Union, the United States, Japan and China. Fonterra's organic food raw materials have been sold to the United States, Japan, South Korea, Southeast Asia and Taiwan Province. Its most stringent organic food standards in the world, combined with New Zealand's green and pure image and long-term stable supply, have been recognized and praised by customers.
Fonterra's products are sold to 115 markets around the world. Fonterra has four business units: Fonterra Global Trade, Fonterra Raw Milk Powder, Fonterra Consumer Dairy and Fonterra Catering Services.
Fonterra Trading and Operation sells a large number of dairy products, including milk protein, milk powder, butter and cheese, to Asia, the Middle East, Africa, America and Oceania.
Fonterra raw milk powder sells dairy raw materials to the United States, Western Europe, Japan and South Korea, including special professional raw materials, such as concentrated milk protein (MPC), bovine colostrum, and other products used in food production.
Fonterra produces and sells branded dairy products to consumers in 41 countries.
Fonterra catering services provide dairy raw materials and branded consumer goods to catering customers, including fast food chain stores, airline catering centers, hotels and restaurants, and their sales are mainly concentrated in the Asia-Pacific region.
R&D innovation
Fonterra Group focuses on quality, innovation and R&D.. The company's Dairy Research Institute, located in New Zealand, is one of the most advanced dairy research institutions in the world, and is committed to improving the industry's knowledge of dairy products from pasture to end users and promoting the healthy development of the dairy industry. The company has set up seven regional scientific research centers around the world, including New Zealand, Germany, Mexico and Australia, to conduct research and development of related products.
Fonterra has been committed to the development of organic products for four years. Up to now, the company has more than 31 organic pastures, 7,111 cows have passed the organic certification, and another 4,111 cows are in the transformation period, which can supply 21 million liters of organic milk every year. Fonterra can provide more than a dozen organic raw materials, including milk powder, oil, protein and cheese, to customers all over the world, so as to meet their different functional and application needs.
On August 4th, 2121, Fonterra Group and Meiankang Quality Inspection Technology (Shanghai) Co., Ltd. established Shanghai Innovation Center in Pudong.
China is an important strategic market for Fonterra, and the establishment of Shanghai Innovation Center will shorten the product development cycle. The opening of Shanghai Innovation Center highlights Fonterra's confidence in China and its long-term investment strategy. [1]