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26 Jun 2024 7:42
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  •   Home > News > Business

    Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business

    Fonterra's CEO says the co-op's decided to divest a number of overseas operations, for the good of the business


    Fonterra
    Fonterra
    The dairy giant's signalled its intent to sell-off some non-New Zealand operations, like Fonterra Oceania and Fonterra Sri Lanka.

    CEO Miles Hurrell says Fonterra's strengths lie in producing world-class ingredients, such as milk powder and cheese -- to sell to consumers, and other businesses.

    He says the Oceania and Sri Lanka operations weren't core - but what is, is being an extension of farmers' farms and taking their products.

    © 2024 Newstalk ZB, NZCity

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