date:Nov 06, 2012
Fonterra has entered into an investment agreement with Yutian County in Hebei province of China to build two more large-scale dairy farms.
Construction is expected to begin in December 2012 and the double site is slated to open by October 2013.
The deal is part of the New Zealand-based multinational dairy co-operative's plan to set up a hub of five big dairy facilities through its subsidiary Fonterra China Farms and achieve a sustainable fresh local milk supply in the province.
Both the farms