New Zealand dairy giant Fonterra has announced its intention to - TopicsExpress

New Zealand dairy giant Fonterra has announced its intention to take a 20% stake in one of Chinas biggest milk processors, Beingmate. The tie-up would help create a global supply chain aimed at Chinas market using Fonterras milk manufacturing partners in Australia and Europe. It would also help Fonterra increase its share of Chinas large and lucrative infant dairy food market. If successful, the new partnership between Beingmate and Fonterra would see the Chinese firm set up a joint venture to buy a Fonterra plant in Australia. bbc.in/1C3QjDG

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