Fonterra inks farm deal to milk from demand
By Li Woke | China Daily | Updated: 2011-07-22 08:01
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Fonterra signed an agreement with the Yutian county government of Hebei province to develop a 40-hectare dairy farm. Mark Coote / Bloomberg |
BEIJING - New Zealand milk giant Fonterra Co-operative Group Ltd will invest 260 million yuan ($40 million) in its third dairy farm in China, part of the company's strategy to enhance the quality of fresh milk supply to the Chinese customers after a series of milk scandals, the company said on their website.
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