19 Jul 2011

Fonterra in another dairy farm venture in China

7:41 pm on 19 July 2011

Fonterra plans to further expand its operations in China, by investing $47 million in a third dairy farm.

The 40-hectare farm is expected to boost Fonterra's fresh milk production in China to 90 million litres a year.

Fonterra International Farming Ventures chief operating officer Peter Moore says the property is east of Beijing, in Yutian county.

Farm construction is expected to begin in November and be completed by late next year.