Fonterra is the largest processor of milk in New Zealand.
Today the principal industry is dairy farming, with Fonterra, previously Bonlac Foods, operating a milk processing plant just north of town.
On 21 September 2008, an editorial in The New Zealand Herald questioned the "moral courage and leadership" of Fonterra chief executive Andrew Ferrier.
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In 2006, Forest and Bird asked Fonterra to 'clean up its act', instead of obtaining consent to continue to discharge 8,500 cubic metres per day of wastewater into the Manawatu River.
Fonterra |
Including Non-BPO employers, As Emperador Distllers Inc, Filway Marketing Inc, Raffles & Co Inc, Fonterra, Toei Animation, McCormick & Company, &, Alliance Global Inc the total number of jobs created in Eastwood City is more than 30,000, claims developer Megaworld Corporation.
In another recent incident Fonterra found traces of DCD (2-Cyanoguanidine) in milk supplies.
The deal was welcomed by a number of New Zealand exporters including the dairy cooperative Fonterra and the New Zealand Seafood Industry Council, while others such as the appliance manufacturer Fisher & Paykel stated that the deal would lead to tougher competition with cheaper-priced Chinese products.