Fonterra
| Fonterra Co-operative Group Limited
|
|
|---|---|
 |
|
| legal form | Limited |
| ISIN | NZFCGE0001S7 |
| founding | October 16, 2001 |
| Seat | Auckland , New Zealand |
| management | John Wilson ( Chairman ) |
| Number of employees | approx. 21,400 |
| sales | NZD 19.2 billion |
| Branch | Food industry , dairy industry |
| Website | www.fonterra.com |
| Status: July 2017 | |
The Fonterra Co-operative Group is a multinational dairy company based in New Zealand and is considered the largest company in the country. Founded as a cooperative , the company is now the organized distribution arm of around 10,500 New Zealand dairy farmers. Fonterra is thus an outstanding example of the conversion from strongly politically motivated agricultural cooperatives to competitive commercial enterprises, which took place worldwide as a reaction to the liberalization of the global agricultural market. The group now exports its products to over 100 countries around the world.
history
The Fonterra Co-operative Group was founded on October 18, 2001 through the merger of the NZ Dairy Bord (NZDB), the NZ Dairy Group and the Kiwi Co-operative Dairies .
The NZ Dairy Bord existed since 1961 and was installed by the government in order to support the approximately 100 independent dairies and cheese factories of the country in exporting their products. The NZDB secured the farmers their income, but had a de facto monopoly on the export of dairy products . That led u. a. to the fact that the dairy industry was not able to establish independent brands on the world market. The Kiwi Co-operative Dairies , founded on September 4th, 1908, and the NZ Dairy Group , founded on November 8th, 1919, developed into the largest dairy companies in New Zealand over the years and most recently shared 95% of the market among each other. The remaining 5% of the market was served by two smaller cooperatives.
After a merger of the three companies in March 2000 still failed due to the government's ideas, the vote of 84% of the farmers represented by the companies in July 2001 brought the merger on the way. With the Dairy Industry Restructuring Act 2003 , the NZ Dairy Board was finally dissolved. Since then, the Fonterra Co-operative Group has been by far New Zealand's largest exporter of dairy products and has thus secured around 30% of the world market in this segment.
Business areas
The company is divided into four business areas.
For the consumer market:
- ANZ - Australia and New Zealand - NZ $ 4.36 billion in sales
- ASIA / AME - Asia and North America - NZ $ 1.687 billion
- LATAM - Latin America - NZ $ 0.83 billion
For the processing market:
- Standards & Premium Ingredients - Milk Ingredients - NZ $ 2.994 billion
Status: September 2011
- Hawkes Bay Dairies (2002) Limited, Palmerston North , 1,000,000 shares
- Ellis-Lea Farms (2000) Limited, Ashburton , 950,000 shares
- Plantation Road Dairies Limited, Putaruru , 908,960 shares
- Epic Agriculture Limited, Otorohanga , 880,000 shares
- Delos Farm Limited, Timaru , 839,256 shares
- Pullington Investments Pty Ltd., Ashburton, and
- Kaiwarua - Earling Limited, Timaru, totaling 793177 shares
- Klonedyke Dairy's Limited, Christchurch , 764 888 shares
- Landcorp Farming Limited, Wellington , 763,600 shares
- Moffitt Dairy Limited, Timaru, 762596 shares
- a further 904 650 shares are held by private individuals from Twizel .
As of November 2011
See also
literature
- Fonterra Co-operative Group Limited (Ed.): Fonterra Annual Report 2011 . Auckland September 21, 2011 (English).
- Daniel Conforte, Elena Garnevska, Mark Kilgour, Stuart Locke, Frank Scrimgeour : Dairy - The key elements of success and failure in the NZ Dairy industry . Ed .: The Agribusiness Research and Education Network [AREN] . Auckland December 2008 (English, agmardt.org.nz ( Memento from August 12, 2014 in the Internet Archive ) [PDF; 1.9 MB ]).
Web links
- Our history . Fonterra Co-operative Group Limited,accessed November 4, 2011.
- Fonterra Co-operative Group . New Zealand Company Office,accessed November 9, 2011.
Individual evidence
- ↑ a b c Annual Review 2017 . (PDF 5.897 MB) Fonterra Co-operative Group , July 2017, accessed on April 10, 2018 (English).
- ↑ Steffen Roth: Cattle - Comrades - Export World Champion. On the evolution of a structural coupling . In: Jens Aderhold (ed.): Modern network management. Requirements - methods - fields of application . 1st edition. Gabler Verlag, Wiesbaden 2005, ISBN 3-409-14335-1 , p. 91-111 .