Fonterra invests $32m in sliced cheese facility
Fonterra will invest $32 million to expand its slice-on-slice cheese capacity at its Eltham site in Taranaki. The slice-on-slice cheese is used in quick-service restaurants for products such as hamburgers and sandwiches.
The work is expected to be completed by mid-2015. The company says the expansion will deliver increased capacity and improved processes, meeting increased global demand from its foodservice clients.
“Our foodservice business has grown 9% in volume over the past three years and the profitability of foodservice has increased 11% in the same period. We also achieved double-digit growth in China where foodservice grew 28%,” said Fonterra Director of Foodservice René Dedoncker.
“This investment in slice-on-slice cheese is in response to fast-growing demand throughout Australasia, Asia and the Middle East.”
Dedoncker said that driving the company’s foodservice business is one of seven strategic pathways as part of a mission to meet ambitious growth targets in the next five years.
The secret ingredient for gluten-free plant-based meat
Using potatoes as an alternative protein ingredient could hold the key to making better...
Cargill invests US$130m to expand poultry operations in Asia
As demand for protein and cooked poultry products continues to increase, Cargill is expanding the...
The Wagyu industry to gather in Adelaide next year
Organised by the Australian Wagyu Association, WagyuEdge'27 will explore how the industry can...
