China's Yashili International to set up shop in NZ with $210M milk processing operation

China's Yashili International to set up shop in NZ with $210M milk processing operation
By Paul McBeth Jan. 11 (BusinessDesk) - Yashili International Holdings, which manufactures and distributes infant milk formula products in China, is the latest Chinese company looking to invest in New Zealand, with plans to build a 1.1 billion yuan ($210 million) processing plant. The Chaozhou City, Guangdong-based company's board signed off on a project to set up a manufacturing facility in New Zealand to process up to 52,000 tons of finished and semi-finished products including base milk powder by the second half of next year, according to...