FSF fonterra shareholders' fund units

Ann: GENERAL: FSF: Fonterra Accepts MPI Charges

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    					FSF
    13/03/2014 09:43
    GENERAL
    
    REL: 0943 HRS Fonterra Shareholders' Fund (NS)
    
    GENERAL: FSF: Fonterra Accepts MPI Charges
    
    Fonterra Limited (Fonterra), a wholly owned subsidiary of Fonterra
    Co-operative Group Limited, accepts the charges arising from the Ministry for
    Primary Industries' (MPI) investigation into events leading up to the
    precautionary whey protein concentrate (WPC80) recall last year.
    
    It was subsequently confirmed that the recalled WPC80 did not present a
    health risk.
    
    MPI examined whether Fonterra had complied with all its food safety and
    quality obligations, under New Zealand's Food Act and Animal Products Act in
    connection with the events leading to the precautionary recall.
    
    MPI has filed four charges against Fonterra Limited relating to breaches of
    the Animal Products Act.
    
    Fonterra's Managing Director People, Culture and Strategy Maury Leyland said
    Fonterra had co-operated fully with MPI throughout its investigation, and
    accepts responsibility for the allegations made in the charges.
    
    "We have accepted all four charges, which are consistent with the findings of
    our Operational Review, and the Independent Board Inquiry.
    
    "We have previously detailed issues relating to the decision to reprocess the
    original WPC80, and being slow about escalating information - which are
    reflected in the charges laid by MPI.
    
    "Food quality and safety remain our top priority, and are fundamental to our
    business.  New Zealand's dairy food production and safety systems have been
    affirmed by both the Board and Government inquiries as being as safe as any
    in the world.
    
    "The WPC80 event caused us to examine in detail what happened, why it
    happened, and what we must do to minimise the risk of it ever happening
    again.
    
    "We are making good progress on implementing the necessary improvements the
    Operational Review and Independent Board Inquiry identified.
    
    "We are also working with the Government to progress all the recommendations
    of its review of New Zealand's dairy food safety regulatory framework,
    undertaken last year.
    
    "Our customers and consumers need to know that New Zealand's food quality and
    safety regulations are being robustly applied by food manufacturers and
    enforced by New Zealand authorities.
    
    "Fonterra is committed to complying with New Zealand's food safety and
    quality regulations, and being held accountable if it does not," said Ms
    Leyland.
    End CA:00248138 For:FSF    Type:GENERAL    Time:2014-03-13 09:43:33
    				
 
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