Fonterra Australia to build $141 million cheese plant in Victoria after fire last year
By Fiona Rotherham Dec. 2 (BusinessDesk) - Fonterra Cooperative Group's Australian unit will invest $141 million in building a new cheese plant at its Stanhope factory in Victoria after its former one was destroyed by fire a year ago. The dairy cooperative said the cost of...
RESEND: Kiwi business philanthropy small on cash, big on in-kind goods and services, sponsorship
(Fixes name Antony Welton in 10th paragraph) By Fiona Rotherham Dec. 2 (BusinessDesk) - New Zealand businesses have become less giving in handing out cash in the past three years, with many corporates preferring to allow employees to volunteer time or to provide sponsorship...
Auckland team wins drone competition, attracts Hollywood interest
By Fiona Rotherham Dec. 1 (BusinessDesk) - A group of former Auckland University students has won $50,000 in a competition aimed at developing world-leading drone technology for the film, media, and gaming industries in a competition endorsed by movie mogul James Cameron. T...
UPDATE: Fonterra considers options, including appeal, after losing supply contract case
(Adds Fonterra reaction to judgment) By Fiona Rotherham Dec. 1 (BusinessDesk) - Fonterra Cooperative Group is considering its options, including an appeal, after losing a High Court case taken by former suppliers to the failed New Zealand Dairies milk processing plant at St...
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