The company announced in January that the institute in Heilongjiang province aims to be China’s leading dairy training centre, offering teaching courses from national and international experts.
The first construction phase is expected to be completed by the end of 2012.
Nestlé, the local government, investors and farmers will work together to help create an investment fund of 2.5bn Chinese Yuan Renminbi for the five-year project.
Nestlé has agreed to work with the Shuangcheng government to build on the training and technical assistance already provided to local farmers.
Nestlé’s work with farmers in Shuangcheng is part of what it calls Creating Shared Value, an approach to business that aims to create value for the company’s shareholders at the same time as for those communities where it operates.
Source: Nestlé
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