Fonterra
Fonterra Co-operative Group Limited is a New Zealand multinational publicly traded dairy co-operative owned by New Zealand farmers. The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding NZ $22 billion, making it New Zealand's largest company. It is the sixth-largest dairy company in the world as of 2022, as well as the largest in the Southern Hemisphere.
| Company type | Publicly listed cooperative |
|---|---|
Traded as | |
| Industry | Manufacturing, retail |
| Predecessors | New Zealand Dairy Group Kiwi Co-operative Dairies |
| Founded | 16 October 2001 |
| Headquarters | , New Zealand |
Area served | Worldwide |
Key people | Miles Hurrell, (CEO) |
| Products | Milk, butter, cheese, yoghurt |
| Brands |
|
| Revenue | NZ$22.95 billion (2022) |
| NZ$1.02 billion (2022) | |
Net income | NZ$0.58 billion (2022) |
| Total assets | NZ$18.78 billion (2022) |
| Total equity | NZ$6.91 billion (2022) (Revenue and Operating income is from continuing operations) |
Number of employees | 19,608 |
| Website | www |
Fonterra was established in October 2001 following the merger of the country's two largest dairy co-operatives, New Zealand Dairy Group (NZDG) and Kiwi Cooperative Dairies, with the New Zealand Dairy Board. The name Fonterra comes from Latin fons de terra, meaning "spring from the land".
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