FSF fonterra shareholders' fund units

Ann: GENERAL: FSF: Fonterra relieved on 'all

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    • Release Date: 29/08/13 10:30
    • Summary: GENERAL: FSF: Fonterra relieved on 'all clear' from Clostridium Botulinum
    • Price Sensitive: No
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    FSF
    29/08/2013 08:30
    GENERAL
    
    REL: 0830 HRS Fonterra Shareholders' Fund (NS)
    
    GENERAL: FSF: Fonterra relieved on 'all clear' from Clostridium Botulinum
    
    Fonterra has today learned from New Zealand's Ministry for Primary Industries
    that additional independent testing has definitively established that there
    was no presence of Clostridium botulinum in Fonterra's whey protein
    concentrate ingredient and the products made using it, including infant
    formula.
    
    This was additional testing commissioned by MPI of the original samples
    tested by AgResearch which led to Fonterra and MPI initiating the
    precautionary recall. The latest independent research involved a total of 195
    tests carried out in both the United States and New Zealand.
    
    Chief executive Theo Spierings said, while there is a sense of shared relief
    that the product was not contaminated, Fonterra had done the right thing by
    initiating a precautionary recall. "Food safety remains our number one
    priority.
    
    "The original results from AgResearch indicated the presence of
    toxin-producing Clostridium botulinum in the affected whey protein
    concentrate and we could therefore not take any chances," he said.
    
    Fonterra originally commissioned independent testing from Crown Research
    Institute, AgResearch, as one of only two research facilities in New Zealand
    capable of carrying out testing for Clostridium botulinum.
    
    "On the basis of the results we received from the AgResearch tests, we had no
    choice but to alert regulators, and announce a global precautionary recall
    with our customers.
    
    "We have just learned of the further and definitive test results. While we
    share a sense of relief about them, this in no way lessens our commitment to
    undertaking a thorough review into what happened, and to learn from this
    experience."
    
    Mr Spierings acknowledged there had been confusion and anxiety arising from
    the complexity of the precautionary recall and apologised for it.
    
    "The past few weeks have been very difficult for parents in a number of
    countries, as well as for our customers, our farmers, and our staff.
    "For me, as Fonterra's CEO and as a father of three children, I truly believe
    that in initiating the recall, we took the right decision and did the right
    thing at the most critical moment. Given the same circumstances, and with
    food safety always front of mind, I would do the same again.
    
    "Food safety and quality must always remain our top priority. I have created
    a new role of Group Director, Food Safety and Quality that reports directly
    to me. Fonterra already has world-class food safety systems, and we'll make
    sure that our dedication to food safety is further embedded in everything we
    do.
    
    "The news today does not affect the various reviews and inquiries underway.
    We are committed to learning from, and sharing, any findings about how we can
    improve. We will do this in an open and transparent way," Mr Spierings said.
    End CA:00240342 For:FSF    Type:GENERAL    Time:2013-08-29 08:30:14
    				
 
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