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Fonterra plans to establish $35m milk plant in Indonesia

Zoom in font  Zoom out font Published: 2014-03-25  Views: 28
Core Tip: Fonterra, a New Zealand-based dairy co-operative, is planning to establish a $35m milk plant in Indonesia to meet the increasing consumer demand for milk.
Fonterra, a New Zealamilk plantnd-based dairy co-operative, is planning to establish a $35m milk plant in Indonesia to meet the increasing consumer demand for milk.

The move forms a part of the company's strategy to expand into rising Asian markets, reported Reuters.

To be located in Bekasi, West Java province, the proposed milk plant will have a capacity to process 20,000 tons of milk every year. It is expected to become operational in November 2014.

Initially, the company had plans to establish a packaging and blending facility in the country, which is a key importer of New Zealand milk powder.

Earlier this month, Fonterra has opened the China-New Zealand Dairy Exchange Centre in Beijing to boost the sustainable development of the dairy industry in China and New Zealand.

The center, which was developed as a joint initiative between Fonterra and China's National Dairy Industry and Technology System, will oversee research on dairy industry policy and technologies by dairy experts from both the countries.


 
 
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