Editing Fonterra Co-operative Group Limited
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Fonterra was formed by the amalgamation of predecessors New Zealand Co-operative Dairy Group Ltd, Kiwi Co-operative Dairies Ltd and New Zealand Dairy Board in 2001. The establishment of Fonterra was seen as a state-backed national firm for the dairy industry<ref name=":1">https://www.productivity.govt.nz/assets/Inquiries/frontier-firms/a977484e51/The-dairy-sector-in-NZ-TDB-Advisory.pdf</ref>.Prior to Fonterra being founded in 2001, the NZ Dairy Board was the only legal exporter of dairy. The uniting of these three companies was on the basis of implementation of the Dairy Industry Restructuring Act (DIRA) in 2001 which aimed to improve efficiency and international competitiveness of NZ milk and milk products. More importantly, it allowed for the merging of the three predecessors to form Fonterra, as well as removing the solitary export power from the NZ Dairy Board to allow other companies to export their dairy products internationally<ref name=":1" />. | Fonterra was formed by the amalgamation of predecessors New Zealand Co-operative Dairy Group Ltd, Kiwi Co-operative Dairies Ltd and New Zealand Dairy Board in 2001. The establishment of Fonterra was seen as a state-backed national firm for the dairy industry<ref name=":1">https://www.productivity.govt.nz/assets/Inquiries/frontier-firms/a977484e51/The-dairy-sector-in-NZ-TDB-Advisory.pdf</ref>.Prior to Fonterra being founded in 2001, the NZ Dairy Board was the only legal exporter of dairy. The uniting of these three companies was on the basis of implementation of the Dairy Industry Restructuring Act (DIRA) in 2001 which aimed to improve efficiency and international competitiveness of NZ milk and milk products. More importantly, it allowed for the merging of the three predecessors to form Fonterra, as well as removing the solitary export power from the NZ Dairy Board to allow other companies to export their dairy products internationally<ref name=":1" />. | ||
[[File:Market_Structure_Changes.png|alt=Changes in Market Structure following DIRA . The Dairy Sector in NZ TDB Advisory.|none|thumb|570x570px|'''Market structure of NZ dairy industry from report by TDB advisory''' <ref name=":1" />. Following DIRA 2021, the structure of the dairy industry changed to allow companies to begin to export NZ dairy.]] | [[File:Market_Structure_Changes.png|alt=Changes in Market Structure following DIRA . The Dairy Sector in NZ TDB Advisory.|none|thumb|570x570px|'''Market structure of NZ dairy industry from report by TDB advisory''' <ref name=":1" />. Following DIRA 2021, the structure of the dairy industry changed to allow companies to begin to export NZ dairy.]] | ||
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