Fonterra’s Australian business is in good shape and performing well, says Fonterra Australia managing director René Dedoncker.
The Fonterra Co-operative Group Ltd announced its half-year results for its global operations, posting a NZD$418 million net profit after tax, up two per cent.
Fonterra Australia has contributed to this overall result which René says comes on the back of “all the hard work with our turnaround, making sure we’re focussing on areas where we have a clear advantage.
“We had to make tough decisions with our transformation. Our three businesses are now delivering good results for us, although there are headwinds ahead,” René says.
“In Ingredients, we’re achieving strong exports and are on track to become the largest exporter in Australia. In fact, it has the healthiest new product development pipeline in history. Our Darnum site is driving value, and is expected to produce more than 40,000 tonnes in this financial year.
“In the Consumer area, we’re the branded leader in cheese and spreads, and we’re developing new, innovative products to meet with the changing needs of our consumers.
“And in Foodservice, which is all food that is consumed out of the home such as in restaurants, cafes and fast food, we’re winning in our Italian Kitchen area with our specially formulated cheeses and cooking creams,” René says.