Fonterra
From Wikipedia, the free encyclopedia
Fonterra Co-operative Group Ltd (NZX: FCGHA), normally just Fonterra, is New Zealand's largest company by turnover. As a cooperative company, Fonterra is owned by approximately twelve thousand individual farmers throughout the country and it is the fifth-largest dairy company in the world.
Fonterra was established in October 2001 as a merger of the two largest New Zealand dairy cooperatives and the New Zealand Dairy Board. The intent of the merger was to create a single company to manage the supply chain for a significant proportion of the New Zealand dairy industry.
The company has an annual turnover of around US$8 billion. Its core business consists of exporting dairy ingredients products under the NZMP brand (95% of its New Zealand production is exported). It also operates a fast moving consumer goods business for dairy products under Fonterra Brands. Fonterra has a number of subsidiaries and joint venture dairy companies operating in markets around the world.
[edit] Brands
The following is a list of products, which Fonterra produces:
- Anchor (milk)
- Anlene
- Mainland (cheese products)
- Tip Top (ice cream)
- Country Goodness
- Yoghurt-2-Go, Calciyum, De Winkel, Fresh and Fruity, Metchnikoff, and Slimmers Choice (yoghurt)
- Swiss Maid (dairy food)
- Kapiti, Ferndale and Galaxy (cheese brands)
- Brownes Calcium Plus
- Bega (cheese products)
[edit] Subsidiaries
Fonterra wholly owns the rural retail supplier RD1, which was formed at the end of 2001 from the merger of RD1.com and the Town & Country Agri-centres, Fonterra's two rural supply companies. With revenue exceeding $440 million, RD1 is New Zealand's largest retailer of agricultural supplies to dairy farmers. It operates a network of 51 stores throughout New Zealand.
