Fonterra in Chile comes under the spotlight for alleged monopoly business practices
Protestors at a Fonterra plant in southern Chile may have pulled back, but the truce may be short-lived because demonstrators expect dialogue, something Fonterra New Zealand says isn’t happening. The more than 200 members of the Chilterra ( the company has a large New Zealand Shareholding ) workers’ union and indigenous representatives said they lifted the protest because Soprole had agreed to sit down at the table with them. Soprole is owned by Fonterra, and Chilterra ( this company has gone into…
New Zealand based Fonterra Dairy Group merges its Chilean businesses into one entity
Fonterra continues to streamline its operations in Chile after merging Soprole and Prolesur into one entity. “Previously, Soprole and Prolesur were both publicly listed companies. As of 1 March 2021, Soprole is the single listed company under which the Prolesur business now sits,” said Kelvin Wickham, Fonterra chief executive for Africa, Middle East, Europe, North Asia, Americas. The day-to-day operations and management of the two businesses remain unchanged but “simplifying the corporate structure of…
Things are looking up for New Zealand’s Fonterra’s Chile investment
Fonterra’s Prolesur is leading the charge in the dramatic recovery in Chilean milk production as the company reaps the benefits of rebuilding relationships with farmers. The Latin American nation’s liquid milk collection reached 1.3 billion litres in the first eight months of the year, up 6.3 percent from a year earlier, or 79 million litres. More than half of that increase went to Prolesur. This compares to the 12.8 billion litre collection in New Zealand in the first eight months of the year. …
