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DAIRY NEWS JUNE 11, 2019

NEWS  // 15

Danone lifts stake in Pokeno plant PAM TIPA pamelat@ruralnews.co.nz

says the land is not considered sensitive under the Overseas Investment Act. “The applicant has satisfied the OIO that the individuals who will control the investment have the relevant business experience and acumen and are of good character,” the OIO says in its decision. “The applicant has also

demonstrated financial commitment to the investment.” Yashili NZ Dairy, a joint venture between Yashili and Mengnui established in 2012, has $220 million invested in its dairy plant in Pokeno. It has capacity to produce 52,000 tonnes a year of infant formula. @dairy_news facebook.com/dairynews

Yashili’s Pokeno plant.

FARM MATTING SYSTEMS

WORLD MILK DAY JOY

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WORLD MILK Day celebrations began on June 1

with a four-day social media campaign. World Milk Day was created by the United Nations in 2001 to recognise the importance of milk as a global food. “New Zealand is the eighth largest producer of dairy in the world, and one of the most environmentally sustainable,” says DairyNZ chief executive Dr Tim Mackle. “This is because our farmers continually look for ways to care for the environment, and because our cows are fed grass grown on farm, unlike many dairy countries where feed needs to be brought in.” Mackle says NZ milk powder is a lifeline in countries with hungry people but no significant dairy farming. “Milk is the fifth largest provider of energy for humans, and the third largest provider of protein and fat. It has many of the key nutrients to support the development of healthy bodies, and helps our brains to function at higher levels.”  Milk powder provides liquid sustenance and is used in confectionery, baking, ice cream and yoghurts. NZ produced butter and cheese are popular internationally and cheese exports alone have 10 times more value than wine. Mindy Wigzell, Fonterra’s head of nutrition, says dairy is an important source of nutrition for people worldwide. One billion people consume Fonterra dairy products. Wigzell says milk contains naturally occurring nutrients including high quality protein, calcium, niacin, riboflavin, vitamin B12, potassium and phosphorus. Dairy contributes $12 billion to NZ’s economy each year. It directly employs 40,000 people and plays a big part in rural economies and communities.

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DANONE HAS been cleared by the Overseas Investment Office (OIO) to take an indirect shareholding of up to 65% in Yashili New Zealand. Danone currently has an indirect shareholding of

about 30% in Yashili NZ. The application was made by Danone Asia Pacific which is a wholly owned indirect subsidiary of global food and beverage company Danone SA. The French listed company has a 44% US public shareholding. Yashili NZ operates a dairy production plant in Pokeno, Waikato. The OIO

Profile for Rural News Group

Dairy News 11 June 2019  

Dairy News 11 June 2019

Dairy News 11 June 2019  

Dairy News 11 June 2019