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Fonterra closer to opening new dairies in China
Fonterra has signed an agreement with the government of Yutian County in China that formalises the final stage of due diligence on two potential Fonterra dairy farm sites.
Fonterra China MD Philip Turner said: “This agreement is a positive step in the negotiation process with Yutian County. We’ve always said that we believe the bulk of China’s growing demand for dairy will be met by locally produced milk.
“Our first farming operation in China, Tangshan Fonterra Farm, which was established in Hebei Province in 2007, has succeeded in demonstrating that we can produce high-quality milk at good volumes, profitably. By investing in two further farms, we’re building on our commitment to build a safe, secure and sustainable milk supply for our customers in China.”
Yutian County is located around 115 kilometres from Tangshan Fonterra Farm. The farm was established as a pilot project to test Fonterra’s ability to produce New Zealand standard milk in China.
Source: Fonterra
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