77-584: The Pātea River is in Taranaki in the North Island of New Zealand . It runs for 105 kilometres from the eastern slopes of Mount Taranaki , passing east through Stratford before swinging south and reaching the South Taranaki Bight near the town of Patea . The river was the original portal to South Taranaki for both Māori and Europeans. In the early days of colonial New Zealand,
154-474: A Waitangi Tribunal report on the situation in 1996 led to some debate on the matter. In a speech to a group of psychologists, Associate Minister of Māori Affairs Tariana Turia compared the suppression of Taranaki Māori to the Holocaust , provoking a vigorous reaction around New Zealand, with Prime Minister Helen Clark among those voicing criticism. The subnational gross domestic product (GDP) of Taranaki
231-427: A 25% discount to the freely traded value. The third step, titled "Trading Among Farmers", involves more far-reaching change to Fonterra's capital structure. The co-operative would no longer be obliged to issue or redeem shares at a price established via an independent valuation process. Instead, farmers would buy or sell shares among themselves at market prices through a farmer-only share trading market. This would have
308-529: A 40 by 40-metre banner reading 'Fonterra Climate Crime'. Greenpeace was protesting about Fonterra's use of brown coal ( lignite ) at the nearby Edendale Fonterra plant. Greenpeace alleged that the Edendale plant will burn 179,000 tonnes of lignite, which will release over 250,000 tonnes of carbon emissions. In response to the protest, Fonterra said, "We use 13.9 percent less energy to produce each tonne of export product than we did in 2003. That's equivalent to
385-511: A campaign of passive resistance against government land confiscation, which culminated in a raid by colonial troops on 5 November 1881. The confiscations, subsequently acknowledged by the New Zealand Government as unjust and illegal, began in 1865 and soon included the entire Taranaki district. Towns including Normanby , Hāwera and Carlyle ( Patea ) were established on land confiscated as military settlements. The release of
462-433: A controlling interest. The aim was to give more access to funds for global growth. Praised by some as a bold move which would allow better access to outside capital, the proposals encountered significant opposition from both farmer shareholders and the government (who would be required to pass enabling legislation). Despite including a range of safeguards, farmers were clearly concerned at the risk of losing control; in what
539-579: A critical care paramedic) and two operational managers during the day. At night, four ambulances are on duty and one rapid response vehicle. Volunteer-crewed first response units are based in Opunake and Urenui. There are 13 police stations in the region, including three in New Plymouth and others are based in the main towns. The Taranaki Rescue Helicopter Trust provides search, rescue and patient transfer missions when required. The MBB/Kawasaki BK 117
616-577: A few hundred and to 1,500. Total losses among the imperial, volunteer, and militia troops are estimated to have been 238, while Māori casualties totalled about 200. An uneasy truce was negotiated a year later, only to be broken in April 1863 as tensions over land occupation boiled over again. A total of 5,000 troops fought in the Second Taranaki War against about 1,500 men, women and children. The style of warfare differed markedly from that of
693-528: A global commitment to protecting the environment. Sustainability, good environmental practice and environmental improvement are cornerstones of Fonterra's environmental commitment." Fonterra claims to have a number of initiatives such as the Dairying and Clean Streams Accord , relating to environmental protection to achieve this policy. In December 2011, the Green Party questioned Fonterra's credibility and
770-541: A higher payout to dairy farmers. The first two steps of capital structure change received good support from farmer shareholders at Fonterra's annual meeting in November 2009. The first step allowed farmers to hold shares above their level of annual milk production; farmers could now own an additional 20% of "dry" shares (i.e. up to a maximum of 1.2 shares per kgMS). There were also enhanced incentives for farmers to hold shares even if their production falls. The rules about
847-575: A million acres (4,000 km ) of land. The present main highway on the inland side of Mount Taranaki follows the path taken by the colonial forces under Major General Trevor Chute as they marched, with great difficulty, from Patea to New Plymouth in 1866. Armed Māori resistance continued in South Taranaki until early 1869, led by the warrior Tītokowaru , who reclaimed land almost as far south as Wanganui . A decade later, spiritual leader Te Whiti o Rongomai , based at Parihaka , launched
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#1732776504770924-527: A move to address non-compliance with regional council dairy effluent rules. The 2012 independent audit spurred further progress in this area with Fonterra announcing that suppliers will be required to complete fencing of Accord waterways by June 2013. Whether this will occur is yet to be seen. In February 2008, the inaugural Fonterra Environmentalist of the Year was announced at the Beehive . The Award continues
1001-748: A partnership between Keep New Zealand Beautiful and Fonterra. Fonterra is also a Corporate Sponsor of the Society and each year teams of staff from the company's manufacturing sites participate in the Keep New Zealand Beautiful Clean Up Week campaign, clearing rubbish from around roadsides, sports fields, parks and beaches. These activities have been criticised as token however as they have limited impacts on preventing stock from entering waterways and in assisting farmer to implement more effective fertiliser regimes that could cut farmers costs and improve water quality. Fonterra
1078-399: A population of 130,800 as of Statistics New Zealand's June 2024, 2.5 percent of New Zealand's population. It has a population density of 18 people per km . It is the tenth most populous region of New Zealand . Taranaki Region had a population of 126,015 in the 2023 New Zealand census , an increase of 8,454 people (7.2%) since the 2018 census , and an increase of 16,407 people (15.0%) since
1155-533: A sustainable supply of palm kernel "and ensuring we do not support deforestation, directly or indirectly." Fonterra is a member of the Roundtable for Sustainable Palm Oil to ensure it was informed or sustainability issues in South-East Asia and "to actively contribute to more robust sustainability certification systems." Fonterra was also the subject of Greenpeace Aotearoa New Zealand protests off
1232-498: Is Methanex, also based in Taranaki, who use it as a feedstock to produce methanol for export. Taranaki's natural gas is also used to make urea for use on farms. The head offices of many energy companies are based in the region along with specialist service and supply companies, including freight, logistics, fabrication, technical, professional services and consultancies as well as environmental and health and safety expertise. The region
1309-514: Is New Zealand's largest producer of biofuel, processing a waste stream from casein manufacture into bio-ethanol. The company produces around 20 million litres of premium ethanol annually. Since 2004, Fonterra has produced ethanol from whey, a by-product of casein, in the Edgecumbe, Tirau and Reporoa plants. In 2008, Fonterra began supplying Gull Petroleum with ethanol from its Edgecumbe plant. The fuel has significant environmental benefits as it
1386-470: Is a New Zealand multinational publicly traded dairy co-operative owned by New Zealand farmers. The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding NZ $ 22 billion, making it New Zealand's largest company. It is the sixth-largest dairy company in the world as of 2022, as well as the largest in the Southern Hemisphere . Fonterra
1463-965: Is a significant cause of climate change, and loss of bio-diversity. Greenpeace campaign director Chris Harris said only 4 per cent of palm oil came from sustainable sites. Greenpeace stated that forests were being cleared for the planting of the trees that produce palm oil. In August 2016, Fonterra announced a new palm products sourcing standard that was developed in consultation with key supply partners, and following discussions with Greenpeace that began in December 2015. "The new standard requires Fonterra to purchase on segregated supply palm oil by 2018, and to work with suppliers of palm products to ensure that plans are in place for full traceability to plantation by 2018", said Fonterra's director of social responsibility, Carolyn Mortland. On 17 November 2009, Greenpeace members protested at Solid Energy 's New Vale opencast lignite mine near Gore, New Zealand , by unfurling
1540-528: Is a smaller hospital but offers 24-hour emergency department, inpatient beds, maternity services, outpatients and community services. There are health centres in Waitara , Opunake , Patea , Mokau , Stratford and Urenui . St John Ambulance supplies all ambulance services to Taranaki, with their main station based Waiwhakaiho on the outskirts of New Plymouth. Throughout the region, they have six emergency ambulances, two rapid response vehicles (one crewed by
1617-770: Is also produced at a well complex at Kapuni and a number of smaller land-based oilfields. With the Maui field nearing depletion, new offshore resources have been developed: the Kupe field , 30 km south of Hāwera and the Pohokura gas field , 4.5 km north of Waitara. The way the land mass projects into the Tasman Sea with northerly, westerly and southerly exposures, results in many excellent surfing and windsurfing locations, some of them considered world-class. Taranaki covers 7,254.50 km (2,800.98 sq mi) and has
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#17327765047701694-533: Is based at its hangar at Taranaki Base Hospital. It serves as a critical service for missions relating to the region's mountain and steep inland hill country and marine areas. Notable sports teams from Taranaki include: Commonwealth gold Bowls, Brian Symes 7s,World, Commonwealth,Olympic gold medalists..Gayle Broughton & Mikalya Blyde. Silver Ferns, Ardean Harper, 39°18′S 174°8′E / 39.300°S 174.133°E / -39.300; 174.133 Fonterra Fonterra Co-operative Group Limited
1771-783: Is home to the world’s largest milk production facility by annual volume, Fonterra’s Whareroa Plant near Hawera, which produces milk powder, butter, casein whey and cheese. The region also boasts the largest secondary cheese operation in Asia-Pacific as well as a high-tech lactose plant producing pharmaceutical lactose for the global medical industry and a speciality artisan cheese facility. Natural gas from Taranaki’s fields accounts for around 20% of New Zealand’s primary energy supply. It provides heat, energy and hot water supply for over 245,000 New Zealand households as well as more than 10,000 commercial users such as restaurants, hotels, greenhouses and hospitals. The single biggest user of natural gas
1848-575: Is renewable and biodegradable. In July 2016, Fonterra announced that their tanker fleet was switching to ZBioD (Z Energy's biodiesel fuel) as a foundation customer. Chief Operating Officer Global Operations, Robert Spurway said "the move to biodiesel has the potential to reduce emissions for the tankers using it up to four per cent each year, and the partnership is an important milestone for Fonterra." In 2006, Forest and Bird asked Fonterra to 'clean up its act', instead of obtaining consent to continue to discharge 8,500 cubic metres per day of wastewater into
1925-557: Is renowned for its world class engineering design and project management skills, which tackles on and off shore fabrication and construction. From 1853 the Taranaki region was governed as the Taranaki Province (initially known as the New Plymouth Province) until the abolition of New Zealand provinces in 1876. The leading office was that of the superintendent. The following is a list of superintendents of
2002-560: Is required by Fonterra to protect streams and that evaluating success in this area may be better carried out by an independent third party auditor. In July 2007, the Green Party called on Fonterra to use financial penalties on its suppliers who were " dirty dairying ", and to particularly penalise the 'recidivist polluters' the Crafar Farms . In 2010, Fonterra launched its every farm every year initiative. Fonterra plans to check every farm's effluent management infrastructure every year in
2079-543: Is the city of New Plymouth . The New Plymouth District is home to more than 65 per cent of the population of Taranaki. New Plymouth is in North Taranaki along with Inglewood and Waitara . South Taranaki towns include Hāwera , Manaia , Stratford , Eltham , and Ōpunake . Since 2005, Taranaki has used the promotional brand "Like no other". Taranaki is on the west coast of the North Island, surrounding
2156-474: Is the current chairperson and in March 2020, he foreshadowed that he would step down in November 2020. In June 2020, Peter McBride was announced as Monaghan's successor. In November 2007, the board of directors announced a two-year consultation programme regarding their preferred capital re-structuring option: putting the business operations in a separate publicly listed company, with the co-operative maintaining
2233-447: Is via Ball Road through Alton and Hurleyville . There is a camping site with toilet facilities at the dam. This article about a river in Taranaki is a stub . You can help Misplaced Pages by expanding it . Taranaki Region Taranaki is a region in the west of New Zealand 's North Island . It is named after its main geographical feature, the stratovolcano Mount Taranaki , also known as Mount Egmont. The main centre
2310-736: The 2013 census . There were 62,184 males, 63,405 females and 429 people of other genders in 48,606 dwellings. 2.6% of people identified as LGBTIQ+ . The median age was 40.4 years (compared with 38.1 years nationally). There were 25,428 people (20.2%) aged under 15 years, 20,625 (16.4%) aged 15 to 29, 55,932 (44.4%) aged 30 to 64, and 24,033 (19.1%) aged 65 or older. People could identify as more than one ethnicity. The results were 83.6% European ( Pākehā ); 21.8% Māori ; 2.6% Pasifika ; 5.7% Asian ; 0.8% Middle Eastern, Latin American and African New Zealanders (MELAA); and 2.7% other, which includes people giving their ethnicity as "New Zealander". English
2387-637: The 2022 Russian invasion of Ukraine . The company had exported NZ$ 240 million worth of produce to Russia in 2021. On 21 March, Fonterra closed its office in Moscow and withdrew from its joint venture with Russian company Unifood . In mid May 2024, Fonterra announced plans to sell its global consumer business as part of a shift towards becoming a global business-to-business supplier of dairy nutrition products. The company's consumer business brands included Anchor , Mainland , Kapiti , Anlene, Anmum, Fernleaf, Western Star, and Perfect Italiano; which comprise 15% of
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2464-771: The King Movement . Tension over land ownership continued to mount, leading to the outbreak of war at Waitara in March 1860. Although the pressure for the sale of the Waitara block resulted from the colonists' hunger for land in Taranaki, the greater issue fuelling the conflict was the Government's desire to impose British administration, law and civilisation on the Māori. The war was fought by more than 3,500 imperial troops brought in from Australia as well as volunteer soldiers and militia against Māori forces that fluctuated from
2541-501: The Local Government Amendment Act (No 3) 1988 . The council's headquarters were established in the central location of Stratford to "provide a good compromise in respect of overcoming traditional south vs north Taranaki community of interest conflicts" (Taranaki Regional Council, 2001 p. 6). Chairs Taranaki's landscape and the mountain's supposed resemblance to Mount Fuji led it to be selected as
2618-545: The Manawatu River . Fonterra responded to Forest and Bird's request, agreeing to treat wastewater it discharges into the Manawatu River, greatly reducing its impact on the river. Treatment will be phased in so that by 2015 the discharge will be treated to a level where the water will be fit to swim in year-round. In 2010, Fonterra signed a voluntary agreement with local councils and freezing works to clean up
2695-914: The New Zealand Dairy Research Institute (NZDRI) was founded in Palmerston North as part of the Department of Scientific Industrial Research , which was renamed to the Fonterra Research and Development Centre (FRDC) when Fonterra was formed in 2001. FRDC is purportedly one of the largest dairy research centres in the world, and as of 2019, it hosts several hundred engineers, scientists and researchers and holds 350 milk related patents. A large number of technologies involving whey , casein , lactoferrin , nisin , anhydrous milk fat , as well as cheesemaking and milk powder production have been developed at
2772-429: The 1820s and 1830s, whalers targeted Southern right whales in the South Taranaki Bight . In March 1828 Richard "Dicky" Barrett (1807–47) set up a trading post at Ngamotu (present-day New Plymouth ). Barrett and his companions, who were armed with muskets and cannon, were welcomed by the Āti Awa tribe for assisting in their continuing wars with Waikato Māori. Following a bloody encounter at Ngamotu in 1832, most of
2849-417: The 1860–61 conflict as the army systematically took possession of Māori land by driving off the inhabitants, adopting a " scorched earth " strategy of laying waste to the villages and cultivations of Māori, whether warlike or otherwise. As the troops advanced, the Government built an expanding line of redoubts, behind which settlers built homes and developed farms. The effect was a creeping confiscation of almost
2926-629: The 2000 Āti Awa living near Ngamotu, as well as Barrett, migrated south to the Kāpiti region and Marlborough . In late 1839 Barrett returned to Taranaki to act as a purchasing agent for the New Zealand Company , which had already begun on-selling the land to prospective settlers in England with the expectation of securing its title. Barrett claimed to have negotiated the purchase of an area extending from Mokau to Cape Egmont , and inland to
3003-496: The 75% threshold required for a favourable vote. In May 2021, Fonterra started a consultation process to seek farmer feedback on potential options to change its capital structure. Based on farmer feedback over the consultation period as well as further expert advice, a proposal was put forward in September 2021 to move to a Flexible Shareholding structure, aimed at giving farmers more financial flexibility. In December 2021,
3080-535: The NZMP brand (95% of its New Zealand production is exported). It also operates a fast-moving consumer goods business for dairy products, Fonterra Brands. Fonterra has a number of subsidiaries and joint-venture companies operating in markets around the world. In 2005, the company purchased a large factory in Dennington, Victoria , Australia, from Nestlé , after they moved out of the collection of milk from farmers and
3157-476: The Port of Tauranga on 16 September 2009 and Port Taranaki on 5 February 2011, where Greenpeace activists invaded ships carrying palm kernel animal feed, destined for dairy farms. Palm kernel imports went from 0.4 tonnes in 1999 to 455,000 tonnes in 2007 and then to 1.1 million tonnes in 2008, one quarter of the world's palm-based animal feed. Greenpeace says that deforestation for the production of palm products
Pātea River - Misplaced Pages Continue
3234-696: The Province of Taranaki during this time: The Taranaki Regional Council was formed as part of major nationwide local government reforms in November 1989, for the purpose of integrated catchment management . The regional council was the successor to the Taranaki Catchment Board, the Taranaki United Council, the Taranaki Harbours Board, and 16 small special-purpose local bodies that were abolished under
3311-820: The Pātea River defined the boundary between New Ulster Province and New Munster Province (from 1841 to 1853—refer to Provinces of New Zealand ). Many enjoy canoeing in the Pātea River—it is the only navigable river in South Taranaki . Lake Rotorangi on the river is the longest man-made lake in New Zealand (46 km), formed when the Egmont Electric Power Board built the Patea Dam in 1980–84. The interesting southern access drive
3388-525: The basis of data collected by Fonterra. The integrity of this data was later questioned when a 2012 independent report commissioned by MAF indicated that while Fonterra's survey of farmers suggests that nationally 84% of properties have stock excluded from waterways, an independent audit by MAF revealed a position that only 42% of farms nationally had stock exclusion. The difference in Fonterra's results against those in an independent audit suggest further work
3465-423: The census question. Of those at least 15 years old, 12,777 (12.7%) people had a bachelor's or higher degree, 56,931 (56.6%) had a post-high school certificate or diploma, and 26,370 (26.2%) people exclusively held high school qualifications. The median income was $ 38,400, compared with $ 41,500 nationally. 9,930 people (9.9%) earned over $ 100,000 compared to 12.1% nationally. The employment status of those at least 15
3542-426: The central North Island but fled to its current location after a battle with Tongariro. A near-perfect cone, it last erupted in the mid-18th century. The mountain and its immediate surrounds form Egmont National Park . Historically, the area consisted of a narrow coastal plain covered by bracken , tutu , rewarewa and karaka trees, with anywhere not close to the coast covered in dense forest. Māori had called
3619-437: The centre. FRDC has a substantial library of over 100,000 cheese starter cultures , which began in the 1930s under Hugh Whitehead . The centre has pioneered research on bacteriophages ; in 1935 a bacteriophage was identified as the cause of failure in cheese starter isolates, and in 1992 the centre sequenced the genome of bacteriophage c2, which was the first whole genome to be sequenced in New Zealand. John Roadley
3696-637: The co-op's total milk solids. Other brands affected by the proposed divestment include its subsidiaries Fonterra Oceania and Fonterra Sri Lanka. In addition, the divestment could affect Fonterra's 17 manufacturing sites including three facilities in New Zealand. On 11 November, Fonterra confirmed that it would be selling its consumer brands including Anchor, Mainland, Kāpiti, Anlene, Anmum, Fernleaf, Western Star, Perfect Italiano. The company also confirmed that it would sell its subsidiaries Fonterra Oceania and Fonterra Sri Lanka, as well as its 17 manufacturing sites including its three New Zealand facilities. In 1927
3773-432: The co-operative or increasing/decreasing their milk production. Additionally, Fonterra would set up a special fund that would financially help farmers purchase shares (or retain shares they would otherwise have to sell). The fund would pay farmers for the right to receive dividends and the gain/loss from any changes in value of some of their shares, but the farmer would still be the owner of the shares. The fund would raise
3850-604: The co-operative, which was required to buy the shares back off them. Consequently, Fonterra faced the risk of losing large amounts of share capital through redemptions during times of declining milk production. For instance, after milk production fell during the 2007/08 drought, Fonterra had to pay out $ 742 million of share capital to farmers via redemptions. The capital structure changes also sought to provide greater incentives for farmers to increase their investment in Fonterra shares, helping ensure Fonterra has sufficient share capital to fund profitable business opportunities and drive
3927-452: The co-operative. A key goal of the capital structure changes was to stop large amounts of money washing in and out of Fonterra's balance sheet each year as milk production fluctuates. Under the previous structure, farmers matched their shareholding with their milk production by owning one co-operative share for each kilogram of milksolids (kgMS) produced annually. If their milk production dropped in any season, they could redeem shares back to
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#17327765047704004-405: The company acquired the yoghurt and dairy dessert business of Nestlé Australia, which it on-sold to Parmalat Australia in December 2015. In 2010, leaked US embassy cables suggested New Zealand had only sent troops to Iraq in 2003, following the initial invasion, so Fonterra would keep valuable Oil for Food contracts. New Zealand was not a member of the coalition which supported invasion of
4081-540: The country, but later sent combat engineers for mine clearance and other such tasks. In 2019, the Tip Top ice cream brand was sold for NZ$ 380 million to Froneri , a global joint venture between Nestlé and PAI Partners . In September 2019, Fonterra agreed to sell its 50% stake in DFE Pharma for NZ$ 633 million ($ 400.37 million). In late February 2022, Fonterra suspended exports to Russia in protest of
4158-421: The destruction of tropical forests as it is a waste by-product with almost no commercial value. A spokesperson John Hartnell stated that "Not one millimetre of forest is being cleared just to feed dairy cows". Fonterra says it shares community concern about tropical deforestation , "which in some cases has been driven by the establishment of palm oil plantations". Fonterra says it has been proactive in ensuring
4235-527: The effect of making Fonterra shares permanent capital, providing the co-operative with more confidence to invest in long-term projects without fear that some of its share capital might be needed to fund redemptions in future years. As part of the changes, farmers would have greater flexibility with their Fonterra shareholding. The maximum shareholding would be 2 times production (up from the 1.2 times approved in step one) and farmers would have up to three years to comply with shareholding rules when entering/exiting
4312-455: The effectiveness of the self-auditing approach given the wide discrepancy between Fonterra's claims and an independent audit of Dairying and Clean Streams Accord. In 2003, Fonterra became a signatory to the Dairying and Clean Streams Accord , which sets a timeframe for the improvement of water quality on farms. Progress on the Accord goals is reported by the signatories in March of each year on
4389-692: The end of the 1990s, there were only four co-operatives nationwide: the Waikato-based New Zealand Dairy Group , the Taranaki-based Kiwi Co-operative Dairies , Westland Milk Products , and Tatua Co-operative Dairy Company . Fonterra was formed in 2001 from the merger of the two largest co-operatives, New Zealand Dairy Group and Kiwi Co-operative Dairies, together with the New Zealand Dairy Board , which had been
4466-479: The industry. The first dairy co-operative was established in Otago in 1871. By 1920, there were 600 dairy processing factories of which about 85% were owned by co-operatives. In the 1930s there were around 500 co-operatives but after World War II , improved transportation, processing technologies and energy systems led to a trend of consolidation, where the co-operatives merged and became larger and fewer in number. By
4543-466: The largest volume of dairy ingredients from a single factory anywhere in the world. There are also oil and gas deposits in the region, both on- and off-shore. The Maui gas field off the south-west coast has provided most of New Zealand's gas supply and once supported two methanol plants, (one formerly a synthetic-petrol plant called the Gas-To-Gasoline plant) at Motunui . Fuel and fertiliser
4620-617: The location for The Last Samurai , a motion picture set in 19th-century Japan. The movie starred Tom Cruise . Taranaki has 20 fire stations scattered throughout the region. It includes one career (full time) brigade based at New Plymouth Central Fire Station and is staffed by two crews (8 firefighters) 24 hours a day, 7 days a week and responds, not only to the city, but to surrounding volunteer brigades in satellite towns if needed. New Plymouth has four fire appliances, including an aerial appliance and pump rescue truck, and three specialist vehicles. There are 17 volunteer and two rural brigades in
4697-535: The manufacture of powdered milk in Australia. Also in 2005 the company made moves towards purchasing Australian companies Dairy Farmers and National Foods . It also converted its 50 per cent stake in Victoria dairy producer Bonlac to full ownership. At this time $ 1 billion of Fonterra's revenue was from Australian sales, which was 14 per cent of the dairy products it sells around the world. In June 2008,
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#17327765047704774-808: The marketing and export agent for all the co-operatives. Fonterra effectively has monopsony control of the New Zealand domestic and export dairy industry. The merger was initially turned down by the New Zealand Commerce Commission , but later approved by the New Zealand Government, with subsequent legislation deregulating the dairy industry, allowing for the export of dairy products to be undertaken by any company. The two smaller co-operatives, Tatua and Westland (which would later be acquired by Yili Group in 2019), did not join Fonterra, instead remaining independent. The company has an annual revenue of around NZ$ 22 billion. Its core business consists of exporting dairy products under
4851-456: The money it needed to pay farmer shareholders by selling investment units to investors. Fonterra would require the fund to target "friendly" investors such as sharemilkers, retired farmers and offshore Fonterra suppliers, although the public and institutions would also be able to participate. The "Trading Among Farmers" proposal went before a special meeting on 30 June 2010 and received 89% support from farmer shareholders voting, easily exceeding
4928-719: The mountain Taranaki for many centuries, and Captain James Cook gave it the English name of Egmont after the Earl of Egmont , the recently retired First Lord of the Admiralty who had encouraged his expedition. The mountain has two alternative official names, "Mount Taranaki" and "Mount Egmont". The region is exceptionally fertile thanks to generous rainfall and rich volcanic soil. Dairy farming predominates, with Fonterra 's Whareroa milk factory just outside of Hāwera producing
5005-810: The new Flexible Shareholding structure received a strong mandate with [85.16%] of total farmer votes cast in support of the recommendation and [82.65%] participation based on milk solids voted. Fonterra is continuing to work with the Government on how the Flexible Shareholding structure can be given effect under the Dairy Industry Restructuring Act, the legislation that enabled the formation of Fonterra back in 2001. Dairying stock entering waterways due to lack of fencing and poor use of fertilisers are major contributors to water pollution in New Zealand. Fonterra's environmental policy states that "Fonterra shall demonstrate
5082-406: The pricing of end of season share transactions were also tidied up. The second step changed the way Fonterra shares were valued to reflect that share ownership is restricted to farmers only. Previously, Fonterra shares were valued on a theoretical basis as if the shares were freely traded like a public share. An independent valuator subsequently assessed that the restricted market value should be at
5159-461: The region. Taranaki Base Hospital in New Plymouth is the region's largest hospital. It has a 24-hour emergency department, wards for older people's health, rehabilitation, children and young people/pediatrics, general surgery and urology, orthopedics and surgical specialties, general medicine and maternity and provides community services. It's currently undergoing a multi-million dollar development to expand its services. Hawera Hospital, one hour south,
5236-476: The region’s GDP in 2019. Taranaki has had the highest GDP per capita from 2007 onward except in 2017 when Wellington was higher. In the 2019–20 season, there were 468,000 milking cows in Taranaki, 9.5% of the country's total herd. The cows produced 185,320 tonnes of milk solids, worth $ 1,334 million at the national average farmgate price ($ 7.20 per kg). The Dairy Farming industry is the largest employer in Taranaki, comprising 5 per cent of all employees. The region
5313-399: The river. Fonterra has since encouraged its farmers to clean up their waste and plant trees alongside waterways. In August 2009, Greenpeace claimed that Fonterra was implicated in the destruction of Indonesian and Malaysian rainforests , causing deaths of orangutans and increased global greenhouse gas emissions . In response, Federated Farmers said the use of palm kernel does not cause
5390-560: The upper reaches of the Whanganui River including Mt Taranaki . A later deed of sale included New Plymouth and all the coastal lands of North Taranaki, including Waitara . European settlement at New Plymouth began with the arrival of the William Bryan in March 1841. European expansion beyond New Plymouth, however, was prevented by Māori opposition to selling their land, a sentiment that deepened as links strengthened with
5467-491: The volcanic peak of Mount Taranaki. The region covers an area of 7258 km . Its large bays north-west and south-west of Cape Egmont are North Taranaki Bight and South Taranaki Bight . Mount Taranaki is the second highest mountain in the North Island, and the dominant geographical feature of the region. A Māori legend says that Mount Taranaki previously lived with the Tongariro , Ngāuruhoe and Ruapehu mountains of
5544-464: Was established in October 2001 following the merger of the country's two largest dairy co-operatives, New Zealand Dairy Group (NZDG) and Kiwi Cooperative Dairies, with the New Zealand Dairy Board . The name Fonterra comes from Latin fons de terra , meaning " spring from the land". In New Zealand, as in most Western countries, dairy co-operatives have long been the main organisational structure in
5621-415: Was estimated at NZ$ 9.51 billion in the year to March 2020, 2.94% of New Zealand's national GDP. The regional GDP per capita was estimated at $ 76,715 in the same period, the highest in New Zealand. Taranaki’s economy is centred around dairy farming , hydrocarbon exploration , and manufacturing (including agricultural and energy based manufacturing) with these industries making up approximately 40 percent of
5698-411: Was sometimes described as a demutualization . The board responded in 2008 by shelving the November 2007 proposal and continuing consultation and discussion with farmer shareholders. In September 2009, the board announced a three-step process to revamp Fonterra's capital structure. The new approach abandoned thoughts of a public listing of Fonterra shares and retained 100% farmer control and ownership of
5775-773: Was spoken by 97.4%, Māori language by 4.5%, Samoan by 0.4% and other languages by 6.7%. No language could be spoken by 2.0% (e.g. too young to talk). New Zealand Sign Language was known by 0.5%. The percentage of people born overseas was 14.9, compared with 28.8% nationally. The region has had a strong Māori presence for centuries. The local iwi ( tribes ) include Ngāti Mutunga , Ngāti Maru , Ngāti Ruanui , Taranaki , Te Āti Awa , Ngā Rauru , Ngāruahinerangi and Ngāti Tama . Religious affiliations were 30.9% Christian , 0.9% Hindu , 0.5% Islam , 0.9% Māori religious beliefs , 0.4% Buddhist , 0.5% New Age , 0.1% Jewish , and 1.1% other religions. People who answered that they had no religion were 56.3%, and 8.6% of people did not answer
5852-513: Was that 48,906 (48.6%) people were employed full-time, 14,724 (14.6%) were part-time, and 2,634 (2.6%) were unemployed. Just under half the residents live in New Plymouth , with Hāwera being the next most populous town in the region. The area became home to a number of Māori tribes from the 13th century. From about 1823 the Māori began having contact with European whalers as well as traders who arrived by schooner to buy flax . Around
5929-565: Was the inaugural chairman of Fonterra's board. He foreshadowed his resignation in August 2002 and was succeeded, after the next annual general meeting, by Henry van der Heyden . Van der Heyden held the chairmanship until December 2012. John Wilson succeeded van der Heyden and announced his resignation in July 2018 due to illness (he died in January 2019 aged 54). John Monaghan succeeded Wilson. He
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