Why Fonterra wants to churn out more butter

Why Fonterra wants to churn out more butter
Fonterra's Clandeboye site, roughly 15 minutes from the South Canterbury town of Temuka. (Image: Fonterra)
Riley Kennedy
Fonterra Co-operative Group is confident in global demand for butter continuing to grow as it pumps $75 million into a new plant in South Canterbury.It will expand production by up to 50,000 metric tonnes for unsalted and lactic product at its Clandeboye site. The move is part of the $1 billion of “strategic investments” for its ingredients and food service business flagged in its annual results last month.Last year, it began construction on its advanced protein hub at Studholme and a $150m UHT cream plant at Edendale.Construction a...

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