Fonterra's chief also backed its recent plans to explore divesting options for its global consumer unit, Fonterra Oceania and Fonterra Sri Lanka, including a sale or an initial public offering.

The Auckland-based company is exploring full or partial divestment options for some or all of its global consumer business as well as Fonterra Oceania and Fonterra Sri Lanka, it said in a ...

The problems affected Fonterra’s sales in Sri Lanka, a key market in Asia for the business. The company saw its sales volumes rise 12% in Asia in the year to the end of July.

COLOMBO, Sri Lanka (AP) - New Zealand diary giant Fonterra said Wednesday that it has resumed operations in Sri Lanka after temporarily closing its plant out of concern for the safety of its staff.

Auckland, New Zealand-based Fonterra in November last year outlined its plans to explore potential divestment options for Fonterra Oceania and Fonterra Sri Lanka, including a sale and an IPO.

While Fonterra resumed operations in Sri Lanka last week, reports have suggested the ban on Fonterra advertising products as “100% perfect” has been extended to 20 September.

Sri Lanka's temporary ban came at a time of heightened food safety concerns for Fonterra, after it was forced to issue a global recall after last year's botulism false alarm. In calendar 2013, $223 ...

Agencies who meet qualifying criteria will receive a RFP.” Starcom is the incumbent on the account in Sri Lanka. In other parts of Asia, Fonterra works with OMD. Source: Campaign Asia Tags media ...

A Sri Lanka state institute said it would test all milk powder in the market after finding a toxic chemical in products sold by New Zealand's Fonterra <FSF.NX>, while a nationalist party ...

Fonterra, the world's biggest dairy exporter, said on Friday it suspended operations in Sri Lanka after it faced product bans, court cases and angry demonstrations over its milk products in the ...

The move came after Sri Lanka's Court of Appeal issued an order on Friday to prevent Fonterra Brands Lanka (Pvt) Ltd., which is locked in a battle with local health officials over allegations of ...