Posts tagged "Westland Milk Products"

Milk Producer cuts forecast price

[2 February/ Radio New Zealand] Westland Milk Products has cut its forecast milk price back by more than 20 cents. They are expecting a price of between $6.20 and $6.50 which is relatively similar when compared to Fonterra, $6.40, and Synlait, $6.50. Westland’s chair Pete Morrison stressed that they seek to be fair to all...

Storm cuts power to Westland milk factory and forces farmers to dump milk

[2 February/ NZ Farmer] Westland Milk Products had to temporarily close its factory in Hokitika and dozens of farmers in the region have had to dump milk because of power cuts and impassable roads. ‘There’s flood damage to roads and trees down so tankers cannot get through,” a Westland Milk Products spokesman said. According to...

Westland Milk – closing the gap on dairy’s big brother

[6 January/ NZ Herald] Following some challenging seasons where Westland Milk Products fell significantly behind Fonterra in payout return, new CEO, Toni Brendish, has set out closing the gap following her appointment in September 2016.  The co-op has focused heavily since Ms Brendish’s arrival on cost cutting and growing revenue and has spent time explaining to...

Westland Milk signals higher 2018 payout

[2 August/ NZ Herald] Westland Milk Products expects to pay a higher farmgate price in the 2018 season following ten months of analysis and systems change under new management. The company has cut staff numbers to decrease costs as part of a broader restructuring to process milk and run operations more efficiently after a high-cost...

Milk fat prices take a break

[3 August/ NZ Herald] ASB Senior Rural Economist Nathan Penny said a slowdown in milk fat prices is likely temporary due to surging demand and tight inventories. Prices overall decreased 1.6 percent. Butter and anhydrous milk both decreased 4.9 percent while skim milk powder fell 3 percent. Whole milk powder prices rose 1.3 percent however...

Westland gains new customer as it works to retain suppliers

 [27 March/ Stuff] Westland Milk Products has secured a new large-scale Chinese order for Westgold UHT cream from new customer 85°C Bakery Café. Westland Milk Products has recently faced farmer threats to switch their supply to Fonterra or Synlait due to disappointments in the cooperative’s forecast milk pay-out of $5.40-$5.80 per kilogram of milk solids....

Westland signals redundancies

[2 February/ Otago Daily Times] Westland Milk Products CEO, Toni Brendish, has indicated that redundancies are likely as the company undertakes a review of staff role.  Ms Brendish would not speculate on the number of roles that may be impacted but noted the review which includes the Group’s Easi-Yo and Shanghai operations will be completed...

Westland Milk Products report $14.5m loss

 [27 October/ NZ Herald] Westland Milk Products has reported a net loss after tax of $14.5 million for the 2017 financial year, but has remained in compliance with its banking covenants. Westland Milk Products Chairman, Matt O’Regan said it had been a tough year and the final net average cash payout of $3.88 per kilogram...

Westland Milk Products confirms $3.87 payout

 [28 September/ Radio NZ Rural] Westland Milk Products has confirmed its payout for the 2015/16 season would be $3.87 per kilogram of milk solids. Westland Milk Products Chairman, Matt Regan said the payout was below the breakeven point for most farmers, but the company had maintained farmers’ cash flows by starting the season with a...

Westland appoints CEO

[29 July/ Dairy News] Westland Milk Products has announced the appointment of Toni Brendish as its new chief executive officer. Westland Chairman, Matt O’Regan said Ms Brendish had extensive leadership experience in the international food and dairy industries, including a role as vice-president of DKSH in Thailand. Mr O’Regan added that Ms Brendish’s familiarity with...

New milk plant has big orders

[18 April/ NZ Farmers Weekly] Westland Milk Products have secured big orders for their $40 million ultra-high temperature (UHT) plant which was opened in Canterbury on Friday. Westland Milk Chief Executive, Rod Quinn said the commissioning of the Rolleston plant was the first step towards producing and exporting liquid milk. Mr Quinn added that it...

Westland Milk Products drops forecast payout

 [31 March/ Otago Daily Times] Westland Milk Products has decreased its forecast payout from between $4.00 and $4.10 per kilogram of milk solids to between $3.90 and $4.00 per kilogram for the 2015-16 season. Westland shareholders were told that they should expect at least two more seasons of low payouts. Westland Chief Executive, Rod Quin,...

Quin quits Westland

 [29 February/ Farmers Weekly] Westland Milk Products Chief Executive, Rod Quin has resigned after seven years in the role. Mr Quin said it was genuinely his decision to leave, and that it was simple time to go and let someone else bring their energy and style to the business. Westland Milk Chairman, Matt O’Regan said...

New dairy trading platform signs on Westland Milk

[10 February/ National Business Review] New dairy trading platform, Cream Trading has signed up Westland Milk Products as its first local customer. Westland has joined the Auckland based trading market on a six month trial, along with companies in the United States, Australia and Ireland. Cream Trading Chief Executive, Kevin O’Sullivan said the platform allowed...

Latest drop last straw for some – Fed Farmers

[28 January/ Radio NZ Rural] Federated Farmers Dairy Chairperson, Andrew Hoggard said the cut in Fonterra’s forecast payout is likely to push more people out of the dairy industry. Open Country Dairy and Westland Milk Products also dropped their prices close to $4 per kilogram of milk solids in the past few weeks. Mr Hoggard...

Westland Milk’s ‘grim news’ for farmers

 [26 January/ NZ Herald] Westland Milk Products said it had to cut its forecasted milk price for the 2015/16 season because of a 15 to 25 percent fall in the price of all its commodity products. Westland Milk Products Chairman, Matt O’Regan said the new predicted payout of $4.15 to $4.45 per kilogram of milk...

Payout too hard to predict

 [10 December/ Dairy News] Westland Milk Products Chairman, Matt O’Regan said the volatility of the international market makes it very hard to predict an accurate payout price. Mr O’Regan said that until the world’s surplus of milk is diminished, current predictions will not change much. Mr O’Regan added that farmers understand the problems of market...

Westland profit soars on cheap prices for

[24 October/ NZ Herald] Westland Milk Products, the second largest dairy co-operative in New Zealand, announced a profit attributable to members of $19.4 million compared to a surplus of $0.5 million in the prior year.  Westland described the season as difficult given the fall in global dairy prices, it reported a 23% decrease in revenue...

Westland Milk still optimistic

[5 October/ NZ Farmers Weekly] Westland Milk Products has increased its forecasted payout for the 2015/16 season by 30 cents, to a range of $4.90-$5.30 per kilogram of milksolids. Westland Milk Chief Executive, Rod Quin said the current market showed signs of increasing demand and recovery. Mr Quin added that the company continued to focus...

Westland Milk co-op says staff redundancies likely

[14 September/ Business Day] Westland Milk Products has signalled that it is likely to axe jobs as it conducts a review of staff roles across the country. Westland Milk Products Chief Executive, Rod Quin said the review included cost reductions to enable the best return to shareholders during the decline of dairy prices. Mr Quin...

Westland Milk cuts forecast payout

[31 July/ Radio NZ Rural] Westland Milk Products has cut its forecast milk payout for the 2015/16 season by $1, to a range of $4.60 to $5 per kilogram of milk solids. It has also taken 10 cents off its still-to-be confirmed milk price for the 2014/15 season, expected to now be between $4.80 and...

Fonterra’s rivals tell DIRA review there is insufficient competition for dairy industry deregulation

[14 July/ NZ Herald] Competitors of Fonterra have claimed that there is still insufficient competition to deregulate the industry, with rivals wanting the status quo or tighter regulations. Westland Milk Products said that Fonterra’s actions in response to competition, such as locked-in long-term supply agreements highlighted that the co-operative will use its position of dominance...

Dairy farmers slashing costs will still be short [29 May/ Business Day: NZ Farmer]

Dairy NZ estimated that costs for farmers in Canterbury will be around $1 per kilogram more than the revenue they received in the new 2015/16 season, equating to around $300,000 in extra costs for the average farmer. DairyNZ Chief Executive, Tim Mackle said the forecasted Fonterra payout of $5.25 per kilogram of milk solids is...

Westland lifts its prediction for 2015-16 [27 May/ Rural News]

Westland Milk Products confirmed that its payout for the 2014/15 season will remain unchanged at between $4.90 and $5.10 per kilogram of milk solids. With expectations of a recovery in prices, Westland has set its 2015/16 forecasted price between $5.60 and $6.00. Westland Chief Executive, Rod Quin expected prices to remain low due to supply...