Fonterra to spend $30 mln beefing up Taranaki supply

Mon, 17 Jun 2013

June 17 (BusinessDesk) - Fonterra Cooperative Group, the world’s biggest dairy exporter, will spend $30 million beefing up its dry distribution centre in Taranaki as it clamps down on freight costs. The Auckland-based cooperative is upgrading its Whareroa site, having spent $23 million improving the facility’s coolstore since 2011, it said in a statement. The plan is to reduce costs by keeping product stored near processing plants, and within easy access to ports. Construction is expected to be completed by August next year. “This investme...

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