Warrnambool Cheese and Butter Factory have posted a 104.7 percent increase in half year net statutory operating profit after tax, equating to an additional $16m on the same period last year to $31.3m.
Managing director for Fonterra Australia, Judith Swales is calling for a review of penalty rates for dairy workers to make Australian food manufacturers and processors more competitive in the global marketplace.
Fonterra’s new $120m UHT milk processing plant is edging closer to completion with production to commence in March.
Treasury Wine Estates has announced it will stop supplying a number of luxury wine lines to China due to a drop in consumer demand, and instead shift supply into other Asian markets.
Former senior executive at Kraft Foods and Coca-Cola, Michael Clarke will assume the position of CEO at Treasury Wine Estates as of March 31.
New Zealand dairy giant Fonterra has announced plans to expand its pre-sliced cheese capacity with a NZ $32m investment at its Eltham plant in Taranaki, New Zealand.
NSW based dairy processor, Bega Cheese says that global prices are being underpinned by China’s insatiable demand for dairy.
Ian McLeod has stepped down from his position as managing director of supermarket giant Coles.
Coca-Cola Amatil has posted a 82.5 percent slump in net profit after tax, representing the company’s worst result in 21 years.
Victorian dairy cooperative, Murray Goulburn is on the search for a new general manager of trading following the resignation of Malcolm McCullough.
Schweppes together with Coca-Cola Amatil have raised their prices between four and six percent in order to cover rising costs of production.
Canadian dairy processor, Saputo has increased its stake in Victorian dairy processor, Warrnambool Cheese and Butter to over 80 percent as of this morning.
Capilano, Australia’s largest honey producer is enjoying soaring profits as honey prices increase both in Australia and overseas.
125 New Zealand workers could lose their jobs with the closure of Goodman Fielder’s Frankton facility.
R.L.Windsor, the parent group of Australian packaging manufacturer, Fibre King has announced the expansion of their operations to include a new factory in Thailand.
A recent evaluation of the Federal Government initiative, the Food and Health Dialogue, has found the program to be failing in its efforts to improve the nutritional content of food and promote the importance of healthy eating.
Treasury Wine Estates has angered shareholders following the announcement that the company expects earnings for the first half of 2014 to be substantially less than last year, coupled with a 20 percent drop in the company’s share price as of 2pm yesterday.
Energy management specialists, Schneider Electric, has announced an agreement with Process Partners to offer Clean-In-Place (CIP) optimisation solutions to food and beverage manufacturers.
Gary Helou, chief executive of Victorian dairy co-operative, Murray Goulburn said that the business intends to lobby government and regulators over competition issues relating to the sale of Warrnambool Cheese and Butter.
The Baiada family group of companies has announced plans to construct a multimillion dollar Science Park at Luddenham in Sydney’s west.