Fonterra, the world’s largest dairy exporter, is studying plans to build a third dairy farm in China.
The New Zealand dairy giant said today (26 October) that it is working on plans for another farm in Yutian County in the city of Tangshan in China’s north-eastern Hebei province.
“We have signed a letter of intent agreement with Yutian County to continue the due diligence process on a third potential farm site,” a spokesperson told just-food. “There are still a lot steps to work through in the negotiation process but we are pleased with the progress to date.”
Last week, Fonterra announced plans to build its second dairy farm in China. The farm, which will produce milk in November next year, is also in Yutian County. Fonterra already has a farm in Hangu in Tangshan.
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.
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 formBy GlobalData