Fonterra And Woolworths Enter 10-Year Agreement

News: New Zealand-based dairy cooperative Fonterra has secured a 10-year contract from Australia-based retailer Woolworths to supply private-label milk to supermarkets in Australia. As part of the contract, Fonterra is expected to invest around US$30mn in a state-of-the art processing plant at its Cobden site in Victoria, Australia, generating 30 jobs. Prior to being awarded to Fonterra, the existing contract was held by Lion Dairy & Drinks for a period of one year.

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Related sectors of this article: Food & Drink
Geography: Australia

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