Posts tagged "Westland"

Westland shareholders to get update on strategic review

[20 August/The Country] Westland Milk Products is expecting to give shareholders an update on a strategic review before Christmas. Board Chairman, Pete Morrison, said it had begun implementing a new strategy that was focused on more segregated, higher value added products. The scope of the review includes Westland’s future ownership structure with options on the...

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...

New Zealand’s rampant dairy growth drawing to a close: Rabobank

[15 August/Stuff: NZ Farmer] A new report from Rabobank New Zealand, Survive or Thrive, says the runaway growth of New Zealand’s dairy industry over the last 20 years will soon come to a standstill as environmental limits are reached. There has already been a marked slowdown in farm conversions and expansion of existing platforms which...

Rain wreaks havoc on the coast

 [14 February/ Dairy News] Westland farmer and Chair of Westland Milk Products, Matt O’Regan, said that farmers on the West Coast are experiencing their wettest and worst summer in 20 years with a whole season of wet, dull days.  Mr O’Regan notes that the wet weather and cool temperatures have affected pasture quantity and quality,...

Westland Milk says co-op’s performance was poor

 [30 November/ NZ Herald] Westland Milk Products Chairman, Matt O’Regan said the company’s low payout of $3.62 per kilogram of milk solids was beyond disappointing and represented a failure of Westland’s goal to be competitive in the industry. Mr O’Regan added that despite the poor result, Westland’s strategy for growing its capacity to produce value...

Westland tops Fonterra

 [30 May/ Farmers Weekly] Fonterra announced a forecast milk price of $4.25 per kilogram of milk solids for the new season from 1 June, with an advance rate beginning at $3.01 per kilogram and increasing to $3.30 per kilogram from October. Fonterra Chairman, John Wilson said the co-operative was taking a conservatively realistic view with...