China Animal Husbandry to take 72% stake in Mataura Valley Milk, fund $200M plant

Thu, 28 Jul 2016

By Sophie Boot July 28 (BusinessDesk) - State-owned China Animal Husbandry will take a 72 percent stake in Mataura Valley Milk in exchange for funding construction of a $200 million milk powder manufacturing plant in Gore. Work on the plant will start in October and follows eight years of work to get the project at McNab, north of Gore, off the ground. It will create at least 100 new jobs, the company said. China Animal Husbandry Group will be the major investor while some 20 percent of the company will be held by Southland dairy farm...

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