Australia-based infant-formula company Jatenergy has entered into a five-year manufacturing and supply agreement with a new customer, Beta A2 Australia.
In a statement to the Australian Securities Exchange (ASX), on which it is listed, Jatenergy said the agreement requires it to manufacture and supply Beta with Beta’s milk-formula products – branded Farmers Beta A2 – from its Australian National Milk Association (ANMA) production facility.
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An initial order for the first four months, with the first delivery slated for February 2020, has been received. It is worth more than AUD1.8m (US$1.2m).
Beta has provided a forecast for the following eight months, starting June 2020, which amounts to orders of more than AUD4.9m.
Jatenergy CEO Wilton Yao said: “We are delighted that Beta has chosen us to manufacture their premium product. The contract shows that our new ANMA factory is performing as a quality dairy manufacturer to produce premium quality infant formula.
“We look forward to continuing to expand the manufacturing volumes once our new equipment is installed in February 2020.”
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By GlobalDataJatenergy has positioned itself as a player in the Australian consumer goods export industry with a particular focus on China.
