SML - Synlait Milk Ltd

[billkiapi]

Pretty sure that I saw Fonterra reducing stainless in the Waikato… some examples of investment but more examples of retrenchment I think

[kiora]

"Fonterra confirms Waikato plant closures, hopes to redeploy staff
Benn Bathgate
Benn Bathgate

April 12, 2024
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FC6C067251754256B75935EB32578EBA
The Fonterra Dairy Factory in Waitoa, which is set to see 41 roles ‘impacted’ due to changes revealed by the dairy giant.
CHRISTEL YARDLEY / WAIKATO TIMES

Dairy giant Fonterra has confirmed plans to close a number of plants at two of its Waikato sites, a move the company said would see 41 jobs “impacted”.

Fonterra’s director of NZ manufacturing, Alan Van Der Nagel, told the Waikato Times that like all good businesses, they are “always looking to optimise our operations”.

“Waitoa PDC (specialty powders) and the site’s coal centre, along with dryer one and two at Te Rapa, have served us well,” he said.

“But they are ageing assets and are no longer efficient to operate. For these reasons, we have let our teams know of plans to close these plants. Our Waitoa and Te Rapa manufacturing sites will continue to operate."

https://www.waikatotimes.co.nz/nz-ne...redeploy-staff

"OCD’s new Horotiu plant is next to Affco’s meat processing plant and headquarters."

https://www.ruralnewsgroup.co.nz/dai...-big-milestone

More competition

"Olam Food Ingredients (ofi), the company behind a multi-million dollar milk processing plant in Tokoroa, has moved into its second phase of investment and is looking for farmers to supply milk for “specialised and sustainable protein” ingredients."

https://www.stuff.co.nz/business/300...-local-farmers

[Balance]

"Fonterra confirms Waikato plant closures, hopes to redeploy staff
Benn Bathgate
Benn Bathgate

April 12, 2024
Share
FC6C067251754256B75935EB32578EBA
The Fonterra Dairy Factory in Waitoa, which is set to see 41 roles ‘impacted’ due to changes revealed by the dairy giant.
CHRISTEL YARDLEY / WAIKATO TIMES

Dairy giant Fonterra has confirmed plans to close a number of plants at two of its Waikato sites, a move the company said would see 41 jobs “impacted”.

Fonterra’s director of NZ manufacturing, Alan Van Der Nagel, told the Waikato Times that like all good businesses, they are “always looking to optimise our operations”.

“Waitoa PDC (specialty powders) and the site’s coal centre, along with dryer one and two at Te Rapa, have served us well,” he said.

“But they are ageing assets and are no longer efficient to operate. For these reasons, we have let our teams know of plans to close these plants. Our Waitoa and Te Rapa manufacturing sites will continue to operate."

https://www.waikatotimes.co.nz/nz-ne...redeploy-staff

"OCD’s new Horotiu plant is next to Affco’s meat processing plant and headquarters."

https://www.ruralnewsgroup.co.nz/dai...-big-milestone

More competition

"Olam Food Ingredients (ofi), the company behind a multi-million dollar milk processing plant in Tokoroa, has moved into its second phase of investment and is looking for farmers to supply milk for “specialised and sustainable protein” ingredients."

https://www.stuff.co.nz/business/300...-local-farmers

Got to move with the times and the above are indicative of aged inefficient plants being put to ‘pasture’ and new efficient plants being brought onstream.

Interesting thing is that it has taken overseas interests to provide real competition to Fonterra (being OCD, Olam, Westland and Synlait). Otherwise, NZ farmers would still be at the complete mercy of the incompetent dated management of Fonterra of old.

So do farmers want to continue to support new entrants or risk being held hostage to Fonterra as they were in the last?