Fonterra Co-operative Group Limited - Company Profile
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COMPANY INFORMATION |
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Company Legal Name |
Fonterra Co-operative Group Limited |
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Year of Establishment |
2001 |
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Business Lines |
Beverage company |
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Geographical Presence |
Worldwide |
Fonterra Co-operative Group Limited is a New Zealand-based global cooperative company that is into the dairy industry. It is engaged in the collection, manufacture, and sale of milk and milk-derived products, fast-moving consumer goods (FMCG), and foodservice businesses.
Fonterra was established in October 2001 following the merger of the country's two largest dairy co-operatives, New Zealand Dairy Group and Kiwi Cooperative Dairies, with the New Zealand Dairy Board.
Fonterra is the world’s largest dairy exporter, offering its value-added dairy products to customers all over the world in 140 countries, having China as the largest market. The company offers a broad range of industrial dairy ingredients as well as fluid milk, yogurt, cheese, ice cream, and more for its consumers including food companies, food professionals in bakeries and restaurants, dairy industries.
The company operates its business through three reportable segments: Global Ingredients, Consumer and Food Service, and China Farms. Consumer Food Service is again categorized as Oceania, Asia, Greater China, and Latin America.
The ingredients segment represents the collection, processing, and distribution of the ingredients business in New Zealand, global sales and marketing of New Zealand and non-New Zealand ingredients products, Fonterra Farm Source™ stores, and the Australian and South American ingredients businesses. This segment is associated with processing and distributing milk, and marketing milk products. Under this category, the company generated revenue of 17,035 $ million in the year 2019, which accounted for 84% of the total company revenue in 2019 (20,114 $ million).
Oceania segment represents the fast-moving consumer goods (FMCG) and foodservice businesses in New Zealand and Australia (including export to the Pacific Islands). This segment generated revenue of 2,159 $ million in the year 2019, which accounted for 10.7% of the total company revenue.
The Asia segment represents FMCG and foodservice businesses in Asia (excluding Greater China), Africa, and the Middle East. This segment generated revenue of 1,862 $ million in 2019 accounting for 9.2% of the total revenue of the company.
The Greater China segment represents FMCG and foodservice businesses in Greater China. This segment generated revenue of 1,483 $ million in the year 2019, accounting for 7.3% of the total company revenue.
Latin America segment represents FMCG and foodservice businesses in South America and the Caribbean. This segment generated revenue of 1,507 $ million in the year 2019 accounting for 7.5% of the total company revenue.
China Farms segment represents farming operations in China. This segment generated revenue of 249 $ million in the year 2019, which accounted for 1.2% of the total company revenue.
Fonterra operates its business with offices in more than 40 countries around the world, with more than 30 manufacturing sites across New Zealand, which process some 16 billion liters of milk annually. The co-operative group is owned by over 10,000 farmer shareholders, who are the suppliers of milk to Fonterra.
The Company operates Fonterra Shareholders' Fund, which provides additional financial flexibility for farmer shareholders who would have the opportunity to sell economic rights of shares to the fund.
The company offers its products under well-known brands including
Global brands –
- Anchor,
- Anmum,
- Anlene,
- Mainland;
New Zealand brands –
- Anchor,
- Anchor CalciYum,
- Anchor Greek Yoghurt,
- Anchor Uno,
- Anmum,
- Country Goodness,
- De Winkel,
- Fresh’n Fruity,
- Galaxy,
- Kapiti,
- Mammoth supply Co,
- Perfect Italiano,
- Primo,
- Symbio Probalance,
- Tip Top;
Australian brands –
- Bonlac,
- Anchor CalciYum,
- Anchor,
- Mainland,
- Mammoth energy,
- Munchables,
- Perfect Italiano,
- Western star;
Chile brand – Soprole.
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CURRENT DATA |
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Net Sales (2020) |
20.28 billion NZD |
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CEO of the Board |
Miles Hurrell |
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Employee Count |
14,500 |
NZMP is the major business unit of Fonterra, delivering a combination of unmatched expertise and world-leading processes. NZMP represents high-performance dairy ingredients.
The other key subsidiaries of the Company include Fonterra Brands, Fonterra Milk Supply, Fonterra Global dairy Trade, Anchor food Professionals, RD1, a wholly-owned retail supplier of Fonterra.
In October 2020, Anchor has launched New Zealand’s first plant-based milk bottle -100% kerbside recyclable. This was launched in compliance with the sustainable development goals.
In October 2020, Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion*1) to Inner Mongolia Natural Dairy Co., Ltd, after successfully developing the farms alongside local partners.
In January 2020, Fonterra completed the sale of its 50% share of DFE Pharma to CVC Strategic Opportunities II.
In January 2020, Dairy cooperative Fonterra announced its plan to extend its MyMilk initiative to the North Island and make it easier for more dairy farmers to get into their farms, and to grow with the company.
In December 2019, Fonterra purchased the minority interest in Prolesur, held by Fundación Isabel Aninat (the Fundación), to streamline its operations in Chile.
With over 19 years of experience and 21,400 employees, along with its 171 family members worldwide, Fonterra group produces and supplies a huge number of dairy ingredients and products to its customers worldwide. The company generated sales of 20,282 million NZD in the year 2020, with a rise of 5.3% from the year 2019 (19,255 million NZD).
The company was incorporated 19 years ago in 2001and is headquartered in Auckland, New Zealand.
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CONTACT INFORMATION |
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Phone Number |
64 9 3749000 |
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Fax Number |
64 9 3749001 |
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Site URL |
https://www.fonterra.com |