As two sites at the heart of Fonterra’s Foodservice business celebrate their 10th anniversaries, the Co-operative is announcing it will open its sixth application centre to meet growing demand.

Fonterra has agreed the sale of its two joint venture farms in China, with the sale expected to be completed on 30 June.

Fonterra has today completed the sale of its two wholly owned China farming hubs in Ying and Yutian.

Fonterra has agreed to sell its China farms for a total of $555 million (RMB 2.5 billion), after successfully developing the farms alongside local partners.

Fonterra is pleased to confirm the appointment of Teh-han Chow to the role of Chief Executive Officer, Greater China.

Fonterra is pleased to appoint Teh-han Chow as its interim CEO Greater China.

Fonterra has announced its intention to sell a portion of its stake in Beingmate Baby & Child Food Company Ltd, which is currently a shareholding of 18.8 per cent.

Anchor products shone at Double 11, the world’s largest 24-hour shopping event, with Fonterra sales jumping 31% on last year.

Fonterra’s new cream cheese plant in Canterbury has started production and is set to manufacture up to 24,000 metric tonnes of cream cheese annually, bound for China.