Fonterra Cooperative Group plans to bolster its dairy business in China by creating a dairy farm in Yutian county with 3,000 cows imported from New Zealand. "China is a very important market for Fonterra, and we're committed to developing and investing in the local dairy industry over the long term," said Andrew Ferrier, chief executive of Fonterra, which also operates a Yutian farm that opened in 2007.

Related Summaries