'Products from the new plant will be bound for Asia markets and that will allow us to concentrate all our domestic UHT production – including Fonterra Milk for Schools – at Takanini in Auckland,' an executive says.
The farmer-owned New Zealand co-operative Fonterra announced in late February that it will be investing more than NZ$100 million (about USD$823.7 million) in a new UHT milk processing plant at its Waitoa site in the Waikato, New Zealand.
Fonterra Chief Executive Officer Theo Spierings said the new plant would enable the co-operative to meet growing demand for UHT products in Asia.