Chinese powdered baby milk specialist Synutra is set to invest between EUR65m and EUR80m in building a production plant in the French region of Brittany.
The announcement follows news last May that France’s Entremont Alliance, now owned by dairy group Sodiaal, had signed a long-rerm contract with an “unidentified” Chinese food group.
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The project is being piloted on behalf of Synutra and French dairy co-operative Sodiaal by the former president and CEO of Entremont Alliance, Christian Mazuray, now an independent consultant. Entremont’s commercial relations with Synutra go back 25 years.
“While Synutra is the sole investor in the plant, Entremont-Sodiaal will manage production, turning out 30,000 tonnes of powdered milk and 30,000 tonnes of whey annually over a period of ten years, destined principally for markets in China but also elsewhere in Asia,” a spokesman for the project told just-food today.
Work on the plant is expected to begin before the end of the year and enter service in July 2013.
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By GlobalData
