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 0.7167 -0.0015 -0.21%
AUD 0.9143 -0.0017 -0.19%
EUR 0.6085 -0.0007 -0.11%
GBP 0.5413 -0.0009 -0.17%
HKD 5.5966 -0.0107 -0.19%
JPY 80.3140 -0.2730 -0.34%

Commods

Commodity Price Change Time
Gold Index 1301.2 -8.600 2017-10-16T00:
Oil Brent 57.6 0.670 2017-10-16T00:
Oil Nymex 52.1 0.420 2017-10-16T00:
Silver Index 17.3 -0.071 2017-10-16T00:

Indices

Symbol Open High Last %
NZX 50 8090.7 8094.6 8090.7 0.04%
NASDAQ 6622.6 6632.5 6605.8 0.28%
DAX 13017.2 13026.5 12991.9 0.09%
DJI 22892.9 22960.1 22871.7 0.37%
FTSE 7535.4 7557.0 7535.4 -0.11%
HKSE 28777.2 28777.2 28692.8 0.05%
NI225 21352.2 21394.0 21255.6 0.04%
ASX 5846.8 5894.9 5846.8 0.68%