Fonterra shifts product mix to reap bigger margins from smaller sales in 2015

Wed, 23 Sep 2015

By Fiona Rotherham and Jonathan Underhill Sept. 24 (BusinessDesk) - Fonterra Cooperative Group's $2.1 billion investment in plant capacity has paid off in 2015, allowing the world's biggest dairy exporter to shift production to higher-margin products, while benefiting from a surge in returns from consumer and food service products in Asia and Greater China. In a year when the global market was what chief executive Theo Spierings called "one of the most difficult I’ve known", Fonterra lifted net profit by 183 percent to $506 million. T...

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