Fonterra enters joint venture to build plant in Brazil

Fonterra has announced plans for a new yoghurt plant to meet growing local demand in Brazil.

The plans were announced by Dairy Partners America (DPA), a five-year-old joint venture between Fonterra and Nestle.

The new plant, to be built at Nestle's Feria de Santa site in the State of Bahia, will allow DPA to develop products tailored to the tastes of consumers in the northeast Brazilian region, which has a population of around 50 million and represents approximately 20 percent ($NZ505.45 million a year) of the total Brazilian chilled dairy market.

DPA chief executive Juan Carlos Pestana said the investment would help tap the growing appetite for fresh and cultured products and enhance DPA's leading position in Brazil.

Fonterra and Nestle are 50/50 partners in the joint venture, which operates 13 manufacturing sites across Brazil, Argentina, Venezuela, Colombia and Ecuador.


1 · Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

1 Comment & Question

Commenter icon key: Subscriber Verified

Like to start A Fonterra Based Diary Farm in Guyana. Over 70,000 Sq Kilometer Agriculture land available.

Reply
Share
  • 0
  • 0

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7282 -0.0001 -0.01%
AUD 0.9496 0.0030 0.32%
EUR 0.6481 -0.0008 -0.12%
GBP 0.5610 0.0025 0.45%
HKD 5.6459 0.0007 0.01%
JPY 73.9540 0.4370 0.59%

Commods

Commodity Price Change Time
Gold Index 1319.6 -1.410 2016-09-29T00:
Oil Brent 49.8 0.570 2016-09-29T00:
Oil Nymex 47.8 0.780 2016-09-29T00:
Silver Index 19.2 0.070 2016-09-29T00:

Indices

Symbol Open High Last %
NZX 50 7343.4 7361.1 7343.4 0.24%
NASDAQ 5311.3 5317.0 5318.5 -0.93%
DAX 10240.7 10323.5 10405.5 -0.97%
DJI 18322.9 18366.2 18339.2 -1.07%
FTSE 6919.4 6919.4 6919.4 -0.78%
HKSE 23435.3 23484.4 23739.5 -1.86%
NI225 16474.5 16497.5 16693.7 -1.46%
ASX 5471.3 5471.3 5471.3 -0.65%