Fonterra

  • Sir Henry van der Heyden, chairman since 2002
  • Theo Spierings (CEO) since September 2011

The Fonterra Co -operative Group is a multinational company in the dairy industry based in New Zealand and is considered the largest companies in the country. Founded as a cooperative, the company is now organized as a stock distribution arm of approximately 10,500 New Zealand dairy farmers. Fonterra is thus an excellent example of the conversion of highly politically motivated agricultural cooperatives towards competitive business enterprises that took place in response to the liberalization of world agricultural market worldwide. The group is now present with its products in over 140 countries around the world.

History

The Fonterra Co -operative Group was founded on 18 October 2001 by the merger of the NZ Dairy Board ( NZDB ), the NZ Dairy Group and Kiwi Co-operative Dairies.

The NZ Dairy Board has existed since 1961 and was part of the government installed to support the time around 100 independent dairies in the country when exporting their products. NZDB secured so that the farmers their income, but in fact had thereby a monopoly on the export of dairy products. This led, inter alia, to the fact that the dairy industry was not able to establish distinct brands in the global market. The Kiwi Co-operative Dairies, founded on September 4, 1908 and the NZ Dairy Group, founded on 8 November 1919 evolved over the years to 2000 to the largest companies in the New Zealand dairy industry and shared the last 95 % of the market among themselves. The remaining 5 % of the market were served by two smaller cooperatives.

After a merger of the three companies have failed because of the ideas of the government in March 2000, the vote of 84 % of the representative of the company farmers brought in July 2001 the merger on the way. With the Dairy Industry Restructuring Act 2003, the NZ Dairy Board was finally resolved. Since then, the Fonterra Co -operative Group is by far New Zealand's largest exporter of dairy products and thus secured around 30% of the world market in this segment.

Business

The company is divided into four business segments. For the consumer market:

  • ANZ - Australia and New Zealand - NZ $ 4.36 billion revenue
  • ASIA / AME - Asia and North America - NZ $ 1.687 billion
  • LATAM - Latin America - 0.83 billion NZ $

For the market of finishing:

  • Standards & Premium Ingredients - Dairy ingredients - NZ $ 2.994 billion

As of September 2011

Shareholder

  • Hawkes Bay Dairies (2002 ) Limited, Palmerston North, 1,000,000 shares
  • Ellis - Lea Farms (2000 ) Limited, Ashburton, 950000 shares
  • Plantation Road Dairies Limited, Putaruru, 908 960 shares
  • Epic Agriculture Limited, Otorohanga, 880000 shares
  • Delos Farm Limited, Timaru, 839 256 shares
  • Pullington Investments Pty Ltd. , Ashburton, and
  • Kaiwarua - Earling Limited, Timaru, together 793 177 shares
  • Klonedyke 's Dairy Limited, Christchurch, 764 888 shares
  • Landcorp Farming Limited, Wellington, 763 600 shares
  • Moffitt Dairy Limited, Timaru, 762 596 shares
  • Further 904 650 shares are held by private individuals from Twizel.

Stand November 2011

Types of business entity International Securities Identification Number Auckland Ashburton, New Zealand
341511
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