Fonterra sets up shop in China

12/12/2006 | Age (Melbourne, Australia), The

Fonterra has announced plans to set up a dairy farm in China, where the New Zealand company has a 43% stake in the Sanlu Group, China's third-largest dairy company. "China's dairy industry is expanding rapidly and milk production is expected to increase from 22 billion liters currently to 40 billion liters in seven years' time," said Barry Harris, Fonterra's milk supply director.

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Age (Melbourne, Australia), The

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