date:Dec 17, 2015
ustralian business to sustainable profitability.
The sale is a core part of the earlier announced plans for its Australian business.
Fonterra CEO Theo Spierings said: We are focusing on areas where we can win in a highly competitive market, and that means optimising our product mix and streamlining operations to match, and investing in higher value add products that will deliver the best returns for our farmer shareholders and unit holders.
Australia is our largest milk pool outside New Zeala