Fonterra to Invest $138 Million in New Zealand Cool Store

Highlights:

• Amount: $NZ150 million ($138 million) allocated for the new cool store.
• Size: Facility will cover 19,000 square meters, equivalent to three rugby union fields.
• Timeline: Construction starts next month, with completion expected in three years.

Strategic Expansion in Taranaki
Fonterra Co-operative Group Limited (ASX: FCG) is set to invest $NZ150 million ($138 million) in constructing a new cool store in Taranaki, located on New Zealand’s North Island. This investment follows the announcement of new UHT and protein plants. The cool store, spanning 19,000 square meters—equivalent to three rugby union fields—will enhance the resilience of Fonterra’s supply chain.

Boosting Supply Chain Resilience
The new facility is designed to play a pivotal role in Fonterra's operations, ensuring the cooperative can maintain a robust supply chain. Chief Operating Officer Anna Palairet emphasized the strategic importance of this development, highlighting its role in supporting Fonterra's commitment to quality and efficiency in dairy production.

Construction Timeline
Construction is scheduled to begin next month, with an estimated completion time of three years. This timeline aligns with Fonterra's broader expansion strategy, which includes previously announced investments in new UHT and protein plants.

Investment Highlights

• Investment Amount: $NZ150 million ($138 million)
• Location: Taranaki, North Island, New Zealand
• Size: 19,000 square meters
• Role: Enhance supply chain resilience

Future Outlook
At the time of writing, this move demonstrates Fonterra’s ongoing commitment to strengthening its infrastructure and boosting its operational capacity. The investment in the Taranaki cool store is poised to support the cooperative's growth and sustain its leadership in the global dairy industry. The new facility is expected to streamline Fonterra's distribution process, ensuring high-quality products reach markets more efficiently.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com