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Fonterra People
Fonterra Co-operative Group Limited is a New Zealand Multinational corporation, multinational publicly traded dairy cooperative, co-operative owned by around 9,000 New Zealand farmers. The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding New Zealand dollar, NZ $22 billion, making it New Zealand's largest company. It is the List of largest dairy companies, sixth-largest dairy company in the world as of 2022, as well as the largest in the Southern Hemisphere. 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. The name Fonterra comes from Latin , meaning "spring (hydrology), spring from the land". History In New Zealand, as in most Western countries, dairy co-operatives have long been the main organisational structure in the industry. The first dairy co-operative was established in ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Nestlé
Nestlé S.A. (; ; ) is a Switzerland, Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It is the largest publicly held food company in the world, measured by revenue and other metrics, since 2014."Nestlé's Brabeck: We have a "huge advantage" over big pharma in creating medical foods"
, ''CNN Money'', 1 April 2011
It ranked No. 64 on the Fortune Global 500, ''Fortune'' Global 500 in 2017 and No. 33 in the 2016 edition of the ''Forbes'' Global 2000 list of largest public companies. Nestlé's products include baby food (some including human milk oligosaccharides), medical food, bottled water, breakfast cereals, coffee and tea, confectionery, ...
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Dennington, Victoria
Dennington is a town in the Western District of Victoria, Australia. The town is located in the City of Warrnambool local government area, south west of the state capital, Melbourne and north west of the regional centre of Warrnambool. At the 2016 census, Dennington had a population of 1,907. The town was home to a large bulk milk powder plant operated by New Zealand dairy co-operative, Fonterra. When opened by Nestlé in 1911, it was the world's largest condensed milk plant. The plant was closed in 2019 and is now owned by Provico. The town lies on the Merri River The Merri River, a perennial river of the Glenelg Hopkins catchment, is located in the Western District of Victoria, Australia. Course and features Formed by the confluence of the Spring Creek and Drysdale Creek, to the east of Grassmere. .... References Towns in Victoria (Australia) Towns in Great South Coast City of Warrnambool {{BarwonSouthWest-geo-stub ...
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Riverina Fresh
The Riverina is an agricultural region of south-western New South Wales, Australia. The Riverina is distinguished from other Australian regions by the combination of flat plains, warm to hot climate and an ample supply of water for irrigation. This combination has allowed the Riverina to develop into one of the most productive and agriculturally diverse areas of Australia. Bordered on the south by the state of Victoria and on the east by the Great Dividing Range, the Riverina covers those areas of New South Wales in the Murray and Murrumbidgee drainage zones to their confluence in the west. Home to Aboriginal groups including the Wiradjuri people for over 40,000 years, the Riverina was colonised by Europeans in the mid-19th century as a pastoral region providing beef and wool to markets in Australia and beyond. In the 20th century, the development of major irrigation areas in the Murray and Murrumbidgee valleys has led to the introduction of crops such as rice and wine grapes ...
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New Zealand Commerce Commission
The Commerce Commission ( mi, Te Komihana Tauhokohoko) is a New Zealand government agency with responsibility for enforcing legislation that relates to competition in the country's markets, fair trading and consumer credit contracts, and regulatory responsibility for areas such as electricity and gas, telecommunications, dairy products and airports. It is an independent Crown entity established under the Commerce Act 1986. Although responsible to the Minister of Commerce and Consumer Affairs and the Minister of Broadcasting, Communications and Digital Media, the Commission is run independently from the government, and is intended to be an impartial promotor and enforcer of the law. The Commission undertakes investigations into potential breaches of the Commerce Act 1986 and where appropriate, takes court action. It considers applications for authorisations and clearances in relation to anti-competitive behaviour and mergers, in circumstances where the public benefit outweighs t ...
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Monopsony
In economics, a monopsony is a market structure in which a single buyer substantially controls the market as the major purchaser of goods and services offered by many would-be sellers. The microeconomic theory of monopsony assumes a single entity to have market power over all sellers as the only purchaser of a good or service. This is a similar power to that of a monopolist, which can influence the price for its buyers in a monopoly, where multiple buyers have only one seller of a good or service available to purchase from. History Monopsony theory was developed by economist Joan Robinson in her book ''The Economics of Imperfect Competition'' (1933). Economists use the term "monopsony power" in a manner similar to "monopoly power", as a shorthand reference for a scenario in which there is one dominant power in the buying relationship, so that power is able to set prices to maximize profits not subject to competitive constraints. Monopsony power exists when one buyer faces little ...
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Tatua Dairy Company
The Tatua Co-operative Dairy Company Ltd, trading as Tatua, is an independent co-operative dairy company in the Matamata-Piako District of the Waikato Region, in the North Island of New Zealand. It is located in the rural locality of Tatuanui, approximately 8 kilometres east of Morrinsville Morrinsville is a provincial town in the Waikato region of New Zealand's North Island, with an estimated population of as of The town is located at the northern base of the Pakaroa Range, and on the south-western fringe of the Hauraki Plains .... The co-operative is owned by 106 shareholder farms, all located within a 12 kilometre radius of the processing factory. Independence The co-operative has maintained a strong independent history within the New Zealand dairy industry. In the 2001 mega-merger for the New Zealand dairy industry - which formed Fonterra - Tatua shareholders decided to remain independent. Given that New Zealand had over 500 dairy co-operatives in the 1930s, T ...
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Westland Milk Products
Westland Milk Products is a dairy company based in Hokitika, New Zealand. It has been owned by Chinese dairy company Yili Group since 2019. It is the third-equal largest dairy processor in New Zealand (behind Fonterra and Open Country Dairy, and tied with Synlait) with a 3.4% market share. Milk is sourced from farms across the West Coast, as far north as Karamea and as far south as Haast, and from farms throughout Canterbury. Their major processing factory is located in Hokitika, with their main warehouse and milk concentration plant near Rolleston in Canterbury. History The Westland Co-operative Dairy Company Limited was formed in 1937 following the amalgamation of a number of small co-operatives within the Westland region including Kokatahi, Waitaha and part of the Arahura Dairy Companies. Prior to the restructuring of the dairy industry in 2001, dairy products manufactured in New Zealand were marketed and exported by the New Zealand Dairy Board, which was jointly owned b ...
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Kiwi Co-operative Dairies
Kiwi most commonly refers to: * Kiwi (bird), a flightless bird native to New Zealand * Kiwi (nickname), a nickname for New Zealanders * Kiwifruit, an edible berry * Kiwi dollar or New Zealand dollar, a unit of currency Kiwi or KIWI may also refer to: Music * Kiwi (band), a girl group from Mongolia * "Kiwi" (song), a 2017 song by Harry Styles * "Kiwi", a 2007 song by Maroon 5 from ''It Won't Be Soon Before Long'' Radio * KIWI, a radio station in California, U.S. * Kiwi FM, a New Zealand radio network Ships * HMNZS ''Kiwi'' (T102), a minesweeper commissioned in 1941 * HMNZS ''Kiwi'' (P3554), a patrol boat commissioned in 1983 Sports * Kiwi (horse) (1977–1995), a thoroughbred racehorse * Kiwis (rugby league), the New Zealand national rugby league team * Kiwi FC or Vailima Kiwi FC, a Samoan football club * Kiwi Soccers, an American Samoan football club Travel * Kiwi.com, a Czech online travel agency * Kiwi International Air Lines, an American airline 1992–1999 * Kiwi R ...
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New Zealand Dairy Group
New is an adjective referring to something recently made, discovered, or created. New or NEW may refer to: Music * New, singer of K-pop group The Boyz Albums and EPs * ''New'' (album), by Paul McCartney, 2013 * ''New'' (EP), by Regurgitator, 1995 Songs * "New" (Daya song), 2017 * "New" (Paul McCartney song), 2013 * "New" (No Doubt song), 1999 *"new", by Loona from '' Yves'', 2017 *"The New", by Interpol from ''Turn On the Bright Lights'', 2002 Acronyms * Net economic welfare, a proposed macroeconomic indicator * Net explosive weight, also known as net explosive quantity * Network of enlightened Women, a conservative university women's organization * Next Entertainment World, a South Korean film distribution company Identification codes * Nepal Bhasa language ISO 639 language code * New Century Financial Corporation (NYSE stock abbreviation) * Northeast Wrestling, a professional wrestling promotion in the northeastern United States Transport * New Orleans Lakefront Ai ...
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World War II
World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing military alliances: the Allies and the Axis powers. World War II was a total war that directly involved more than 100 million personnel from more than 30 countries. The major participants in the war threw their entire economic, industrial, and scientific capabilities behind the war effort, blurring the distinction between civilian and military resources. Aircraft played a major role in the conflict, enabling the strategic bombing of population centres and deploying the only two nuclear weapons ever used in war. World War II was by far the deadliest conflict in human history; it resulted in 70 to 85 million fatalities, mostly among civilians. Tens of millions died due to genocides (including the Holocaust), starvation, ma ...
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