New Zealand's Fonterra resumes operation in Sri Lanka

Image
Press Trust of India Colombo
Last Updated : Aug 28 2013 | 7:25 PM IST
New Zealand dairy giant Fonterra today said it has resumed operations in Sri Lanka after temporarily closing its plant over the safety of its employees.
Fonterra closed its local factory last week citing safety of its about 755 staff after it faced angry protests against its tainted milk products.
The dairy giant was facing two court cases, challenging the safety of its products.
"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," Fonterra Chief Executive Theo Spierings said in a statement.
The state-run laboratory Industrial Technological Institute (ITI) had earlier said two batches of Fonterra products had traces of a farm chemical, a claim disputed by Fonterra. However, the company recalled its products earlier this month on government orders.
On Friday, a court in Gampaha lifted a ban on the sale of Fonterra products and the ITI said new shipments of milk were free of any contaminants.
Sri Lanka imported milk and milk products worth USD 307 million in 2012 with the bulk coming from New Zealand and Australia.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 28 2013 | 7:25 PM IST

Next Story