Fonterra wins 10-year contract to supply Woolworths in Australia’s Victoria state

Thu, 03 Apr 2014

April 3 (BusinessDesk) – Fonterra Cooperative Group, New Zealand’s dominant dairy exporter, has won a contract to supply Woolworths home-brand milk in the Australian state of Victoria for the next 10 years, wresting the previous one-year supply agreement off Japanese Kirin-owned Lion. Fonterra’s Australian unit will early next year commission a A$30 million upgrade to its Cobden milk processing plant in Victoria to support the contract for 67 million litres of milk a year from local farmers, the companies said in a joint statement. Woolwort...

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