Fonterra to invest another $150m in Taranaki coolstore

Whareroa, Taranaki. (Image: Fonterra)

Wed, 18 Sep 2024

Fonterra plans to invest $150 million in a new coolstore at its Whareroa site in Taranaki.This follows an announced $75m investment in a new protein plant at its Studholme site and a $150m investment to build a new UHT cream plant at Edendale in the South Island. “Over the past few weeks, Fonterra has announced significant strategic investments to expand and upgrade its operations. Our strong balance sheet is enabling us to invest for future growth and support ongoing delivery of our strategy,” said chief executive Miles...

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