#Fonterra announce $27m investment

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Fonterra have announced a $27 million investment into its Te Rapa dry store distribution centre in Hamilton.


The dairy giant announced this morning that it will strengthen its Waikato operations and allow the co-operative to deliver product more efficiently to its customers.
The dry store will provide the co-operative annual benefits of nearly $5 million through reduced operating costs, Fonterra’s director logistics network, Mark Leslie said.
The seasonal nature of milk production meant Fonterra stored its product until it received orders.
«The new dry store will enable us to store product at the site of manufacture right through the peak of the season and to more efficiently manage the flow of goods through to our customers by better utilising the rail infrastructure out of our Crawford St distribution centre.»
Fonterra’s base storage-capacity in the Waikato for Te Rapa product was 60 per cent of the total requirement based on a standard season production profile of 300,000 tonnes.
The new dry store will more than double storage capacity at Te Rapa allowing all production to be stored in the Waikato before flowing direct to port for export.
The dry store is Fonterra’s third recent investment in the Waikato including a new UHT milk processing site at Waitoa and the expansion of its Te Rapa cream cheese plant in response to increasing demand for dairy nutrition in Asia.
This new investment follows the recent Whareroa dry store announcement.
 
Source: Stuff

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