28 Feb 2013

Fonterra aiming for high value products in growth markets

7:17 am on 28 February 2013

Fonterra says is aiming to invest more in producing some high value products like ultra high temperature milk in fast growing markets like Asia and South America, but not just yet.

Fonterra will invest $100 million in a new UHT milk processing plant at Waitoa in Waikato, allowing it to double its UHT production over the next few years to satisfy growing demand in Asia.

Chief executive Theo Spierings said New Zealand product attracts a premium in countries like China.