Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
Fonterra Co-operative Group Limited (NZX: FCG) plans to invest $150 million in a new coolstore at its Whareroa site in Taranaki. This investment is part of a series of strategic expansions, including a $75 million protein plant at its Studholme site and a $150 million UHT cream plant at Edendale in the South Island. Chief Executive Miles Hurrell stated that these investments are facilitated by the company's strong balance sheet, supporting future growth and strategic objectives. This reflects Fonterra's commitment to enhancing its operational capacity and expanding its product offerings.
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