Tasmania Investment Another Signal Of Positivity

New Zealand dairy multinational Fonterra plans to invest NZD11.5mn (US$8.2mn) in boosting milk collection, production capacity and output quality at its north Tasmania production facility. The investment is one of a number of initiatives put on hold in 2009 as dairy prices nosedived on the back of the global financial crisis. Reinvestment in expansion, forecast higher farmer payouts in 2010, a positive shareholder response to planned restructuring to reduce debt-to-equity ratios and BMI's forecast of a healthy recovery of milk prices in 2010 and 2011 should leave Fonterra feeling

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