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Japfa And Food Union To Develop US$200 Million Premium Milk Processing Plant
Daily Bulletin | 18 August 2015
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Japfa and European-based dairy and milk processing company Food Union Group have announced a joint venture to build, own and operate a US$200 million premium milk processing plant in Shandong Province, China.

Japfa’s 61.87 percent-owned subsidiary, AustAsia Investment Holdings (“AIH”), will invest up to US$20 million in stages for a 10 percent stake in the milk processing plant.

The approximately 300,000 metric tonnes per annum milk processing plant, expected to be completed in 1Q17, is anticipated to require approximately 200 to 300 metric tonnes of raw milk per day within the first year of operations.

As part of the joint venture arrangement, AIH will also enter into a five-year renewable off-take contract to supply premium raw milk to the plant, potentially supplying up to 900 metric tonnes of raw milk per day.

Japfa  0.480 +0.005 +1.05%   
Business: Co is an agri food company that produces multiple types of protein foods. It is headquarterd in Singapore and has operations in China, India, Myanmar and Vietnam.

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