date:Mar 27, 2014
ale export. Much of this goes to China to form the base of infant milk formula.
The company has been expanding its presence in the consumer brands and food services space, where it can earn fatter margins. Fonterra entered the Chinese market last year with Anchor-branded UHT milk and its Anmum infant formula products.
Spierings said the company is also expanding its food services operations in China, where more than half of all the pizza sold in the country are topped with Fonterra cheese.
Th