Mitsubishi to buy 24% stake in Tasmanian Dairy Products
date:Jun 21, 2012
Tasmanian Dairy Products was established by Australia's leading dairy export manufacturer Murray Goulburn Co-operative and other local Tasmanian Investors.
According to the company, this deal is a part of Mitsubishi's strategy to establish a stable supply of dairy products to Asian markets including Japan.
Tasmanian Dairy will be investing A$75m ($76.12m) to set up a new manufacturing plant in Tasmania, which will have a processing capacity of around 250,000 tons of raw milk. The plant is expect
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