date:May 22, 2012
ter comes after the Fonterra's recent announcement to invest NZ$100m ($82.21m) to build two new large-scale dairy farms in Hebei province, China, as a part of its plan to produce up to 1 billion litres of milk every year by 2020 in the country.
Earlier this month, the co-operative noted that it has expanded its senior management team and formed new business divisions to drive growth in emerging markets of China, India and Latin America .
According to the co-operative, milk consumption in Chi