More butter, more value: Fonterra’s $75m move to expand production

More butter, more value: Fonterra’s $75m move to expand production
(Image: Unsplash)
Staff reporters
Fonterra Co-operative Group will invest $75 million to expand butter production at its Clandeboye site in South Canterbury.The move is part of the next phase of strategic investments by the co-op, signalled in its annual result.At the time, chief executive Miles Hurrell said the co-op plans to invest up to $1 billion over the next three to four years in projects that will generate further value for farmers and drive operational cost efficiencies.It is targeting earnings to be back at FY25 levels by FY28 if the Mainland Group business is diveste...