Fonterra Unveils $150 Million Investment in New Cool Store at Whareroa Site, Taranaki
Source: DairyNews.today
Fonterra has announced a significant $150 million investment in expanding its operations, with plans to build a state-of-the-art cool store at its Whareroa site in Taranaki. This follows the Co-operative’s recent strategic investments in a new protein plant at the Studholme site and a UHT cream plant at Edendale in the South Island.
Fonterra’s Chief Executive Officer, Miles Hurrell, emphasized that these developments align with the company’s goal to generate value across its entire value chain. “In the past few weeks, Fonterra has made major investments to bolster and modernize our infrastructure. Our strong financial position allows us to invest in long-term growth while staying committed to our strategic goals,” Mr. Hurrell stated.
He highlighted the importance of these upgrades in growing Fonterra’s Ingredients and Foodservice divisions, noting that prioritizing these areas will drive more value for the Co-operative.
The planned cool store will span 19,000 square meters, equivalent to the size of three rugby fields, and will have the capacity to store approximately 26,000 tonnes of cheese. This expansion will boost the site’s cool storage capacity by an additional 5,000 tonnes.
Fonterra’s Chief Operating Officer, Anna Palairet, described the investment as a significant move that will strengthen the Co-operative’s overall operations. “When we make these decisions, our focus is always on ensuring long-term value for our farmer shareholders and unit holders,” she said.
Ms. Palairet also underscored the strategic importance of the cool store in enhancing Fonterra’s supply chain resilience. “Whareroa processes up to 12.5 million litres of milk daily and produces 30% of Fonterra’s total cheese output, alongside other key products such as butter, casein, and powders. This investment reinforces the critical role that the Taranaki region plays as a key dairy hub.”
Construction of the cool store is set to commence next month and will be completed in two phases, ensuring minimal disruption to existing operations. The expansion is projected to create local job opportunities and is expected to be finalized within three years.
Fonterra’s ongoing investments demonstrate its commitment to future-proofing its operations and delivering sustainable value to its stakeholders.
He highlighted the importance of these upgrades in growing Fonterra’s Ingredients and Foodservice divisions, noting that prioritizing these areas will drive more value for the Co-operative.
The planned cool store will span 19,000 square meters, equivalent to the size of three rugby fields, and will have the capacity to store approximately 26,000 tonnes of cheese. This expansion will boost the site’s cool storage capacity by an additional 5,000 tonnes.
Fonterra’s Chief Operating Officer, Anna Palairet, described the investment as a significant move that will strengthen the Co-operative’s overall operations. “When we make these decisions, our focus is always on ensuring long-term value for our farmer shareholders and unit holders,” she said.
Ms. Palairet also underscored the strategic importance of the cool store in enhancing Fonterra’s supply chain resilience. “Whareroa processes up to 12.5 million litres of milk daily and produces 30% of Fonterra’s total cheese output, alongside other key products such as butter, casein, and powders. This investment reinforces the critical role that the Taranaki region plays as a key dairy hub.”
Construction of the cool store is set to commence next month and will be completed in two phases, ensuring minimal disruption to existing operations. The expansion is projected to create local job opportunities and is expected to be finalized within three years.
Fonterra’s ongoing investments demonstrate its commitment to future-proofing its operations and delivering sustainable value to its stakeholders.
23.09.2024
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I have been thinking to make this post yes/ no. I decided for yes and like to ask everyone to not "shoot the messenger". The chart shows an analysis of IFCN Dairy Research Network from the 2024 supporter conference in Poland.
