Kiwi dairy giant has world plans

By FWi staff

NEW Zealand farmers have approved the formation of a new dairy giant, which plans aggressive international expansion.

Global Co aims to get into the dairy big league of Nestlé, Dairy Farmers of America, Philip Morris-Kraft, Parmalat, Danone and Lactalis.

With a turnover of US$5 billion, ninth-placed Global Co is within sight of all but Nestlé.

It was formed by merging New Zealands two largest co-operatives with the NZ Dairy Board, which has enjoyed single-seller status for exporting for the past 70 years.

Already the worlds largest dairy exporter, with 35% of internationally traded volume, Global Co aims to be a centre of excellence, underpinning the NZ economy.

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Bruton Knowles

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