Friday 17th September 2010 |
Text too small? |
Fonterra said it is in the final stages of due diligence on two dairy farms in China.
The world's largest exporter of dairy products said is has signed an agreement with the government of
Yutian County, which is near the cooperative's existing Tangshan Fonterra Farm.
"This agreement is a positive step in the negotiation process with Yutian County," said Philip Turner, Fonterra's managing director for China.
"We've always said that we believe the bulk of China's growing demand for dairy will be met by locally produced milk.
"By investing in two further farms, we are building on our commitment to build a safe, secure and sustainable milk supply for our customers in China," he said.
Businesswire.co.nz
No comments yet
KMD - 1H FY2025 Interim Results
TEM - Cancellation of Treasury Shares
Meridian to proceed with $227m Ruakākā Solar Farm
SDL - Solution Dynamics Buyback and Guidance
March 25th Morning Report
TruScreen to Present at Singapore Healthcare Day Forum
Synlait Publishes HY25 Result
CHI - Retirement of Director and completion of board refresh
March 20th Morning Report
A return to prosperity depends on capital - General Finance MD