'Fonterra Co-operative Group Ltd' (), generally known simply as 'Fonterra', is
New Zealand's largest company by turnover. As a
cooperative company, Fonterra is owned by approximately twelve thousand
farmers throughout the country. It is the fifth-largest
dairy company in the world, and the most influential by far when it comes to determining international dairy trade, handling 40% of all international dairy trade.
Fonterra was established in October
2001 through a merger of the two largest New Zealand dairy cooperatives and the New Zealand Dairy Board. The purpose 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 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, Fonterra Brands. Fonterra has a number of subsidiaries and joint-venture companies operating in markets around the world.
Brands
The following is a list of Fonterra's main products:
★
Anchor (milk)
★ Anlene
★ Mainland (cheese products)
★ Tip Top (ice cream)
★ Country Goodness
★ Yoghurt-2-Go, De Winkel, Fresh and Fruity, Metchnikoff, and Slimmers Choice (yoghurt)
★ Anchor Calciyum
★
Kapiti, Ferndale and Galaxy (cheese brands)
★ Brownes Calcium Plus
Subsidiaries
Fonterra wholly owns the rural retail supplier 'RD1', which was formed at the end of 2001 through 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.
See also
★
Gull Force 10
External links
★
Fonterra
★
RD1