Fonterra undeterred by earnings hit as it pushes further into China
date:Mar 27, 2014
e company supplies cream and butter to restaurants, hotels and fast-food restaurants in Beijing, Shanghai, and 18 other cities, doubling from two years ago.

Beyond China, it has begun construction of a $31 million plant in Indonesia that will package its Anmum, Anchor and Anlene products to sell in the southeast Asian country, a major importer of New Zealand milk powder.

MILK POWDER VS CHEESE

Controlling about a third of global dairy exports, Fonterra should be flying high on the back of the
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