Fonterra confirms plan to close Kaikoura cheese plant to boost efficiency

Tue, 15 Mar 2016

By Tina Morrison March 16 (BusinessDesk) - Fonterra Cooperative Group, New Zealand's largest dairy processor, confirmed it will close its cheese plant in the South Island town of Kaikoura next month as it strives to make the business more efficient in the face of low milk prices. Cheese processing previously done at the Kaikoura site will be split between Fonterra’s Lichfield, Clandeboye, Stirling and Whareroa cheese plants, where cheese production is up to 16 percent more cost effective than at Kaikoura, the Auckland-based cooperative sa...

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