date:Feb 05, 2013
Chinese dairy giant Yashili announced Tuesday it has found a site to build a dairy plant in New Zealand's North Island as part of an investment worth 210 million NZ dollars (176,69 million U.S. dollars) to make infant formula for its home market.
Yashili New Zealand Dairy Co. Ltd. said its offer on the site at Pokeno, in the Waikato region, was conditional pending approval from New Zealand's Overseas Investment Office (OIO).
Operations manager Terry Norwood told Radio New Zealand the company h