The annual production capacity of the plant is expected to about 52,000 tonnes.
The total investment involved in the establishment of the New Zealand Facility by the company is estimated to be RMB1.1bn, out of which RMB950m will be for acquisition of land and cost of construction, and RMB150m will be utilised as working capital of Yashili New Zealand Dairy Co, a wholly owned subsidiary of the company which will establish and operate the New Zealand Facility expected to be completed and put into operation in the second half of 2014.
Yashili New Zealand has submitted an application for consent to an investment in significant business assets to the Overseas Investment Office of New Zealand in relation to the proposed investment in the New Zealand Facility in accordance with the relevant laws and regulations of New Zealand.
Source: Yashili International
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