Share
- Release Date: 28/08/13 18:47
- Summary: GENERAL: FSF: FONTERRA RESUMES SRI LANKAN OPERATIONS
- Price Sensitive: No
- Download Document 1.11KB
FSF
28/08/2013 16:47
GENERAL
REL: 1647 HRS Fonterra Shareholders' Fund (NS)
GENERAL: FSF: FONTERRA RESUMES SRI LANKAN OPERATIONS
Fonterra today announced it has resumed its consumer operations in Sri Lanka,
following a thorough assessment by management that there is no risk to
Fonterra staff and that the situation has now stabilised.
Chief Executive Theo Spierings said: "Last Friday we took the decision to
temporarily suspend our Sri Lanka operations to protect our people, and to
protect our farmer shareholders' assets.
"I am now confident that our people are safe and the business is ready to
resume operations and continue selling high quality dairy nutrition to Sri
Lankan people."
The Enjoining Order, which had prevented Fonterra from selling its products
in Sri Lanka, was overturned in the Gampaha District Court last Friday.
Mr Spierings said Fonterra will continue to work with Sri Lankan and New
Zealand government authorities on a long-term sustainable solution to support
its Sri Lankan customers, communities and the local dairy sector.
End CA:00240336 For:FSF Type:GENERAL Time:2013-08-28 16:47:38
