Chinese dairy investor faces hurdles to develop NZ dairy factory

Fri, 28 Oct 2016

By Tina Morrison Oct. 28 (BusinessDesk) - Milk New Zealand, the local unit of Chinese investor Shanghai PengXin Group, is facing new hurdles with its New Zealand investment plans after being knocked back by the government last year over its proposed $88 million purchase of Lochinver farm. The company owns 29 farms in New Zealand, including the former 'Crafar' dairy farms in the North Island, and 13 farms in Canterbury previously owned by Synlait Farms, which supply processor Synlait Milk. In September last year the government scuttled its...

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