French dairy co-operative Sodiaal has signed a partnership deal with Chinese infant formula firm Synutra for the construction of a milk-drying facility in France.

The deal will see the two firms invest EUR100m (US$131.4m) in the project for a milk-drying plant and lactoserum unit.

The project will involve the construction of two drying towers, one for milk and one for whey, which are expected to be operational by early 2015.

Synutra will invest EUR90 in the project, with Sodiaal allocating EUR10m for the set up of equipment and demineralization of whey.

The investment, initiated by Synutra’s dairy unit, Eurosérum Synutra, follows a similar one made by the company of between EUR65m and EUR80m in February last year for the construction of a production plant, also in Brittany.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.