www.foodnavigator-asia.com: July 14, 2014
The demand of the middle-class in China for dairy products
such as cheese and milk, is one of the reasons Abbott and Fonterra have formed
a partnership to invest USD $300 million towards dairy farms. Their plan is to
capitalize on both companies’ experiences working in business development and the
milk industry and to provide safe products for Chinese consumers. FoodNavigator Asia notes that this project could result in the creation of up to 5
dairy farms producing a total maximum of 160 million liters per year. If Chinese
regulators approve Abbott and Fonterra’s plans, the dairy plants could be
producing as early as 2017.
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