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New Zealand Dairy Company Fonterra opens $45m centre in Brazil with Nestle

 New Zealand Dairy Company Fonterra opens $45m centre in Brazil with Nestle

Fonterra’s South American joint venture with Nestle opened a $45 million distribution centre alongside its Araras, Brazil factory to distribute more than 200,000 metric tonnes of dairy products a year across South America’s biggest economy.

Auckland-based Fonterra and Nestle formed Dairy Partners Americas, South America’s largest dairy company, in 2003 to take advantage of rising demand for milk and dairy products in fast-growing emerging economies.

“Brazil is an important market for Fonterra,” chief executive Theo Spierings said in a statement. “Rapid urban growth and a focus on healthy nutrition are driving demand for dairy products. The new centre enables us to lower distribution costs and move product quickly across the country.”

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