Fonterra's Darnum JV with Beingmate to ship Chinese product in second half of 2016

Wed, 03 Feb 2016

By Tina Morrison Feb. 4 (BusinessDesk) - Fonterra Cooperative Group's Darnum plant in Australia, which it's rolling into a joint venture with China's Beingmate, is expected to start producing infant formula products for the venture's Chinese customers in the second half of 2016. The joint venture, 51 percent owned by Beingmate and 49 percent by Fonterra, will distribute Fonterra's Anmum brand products in China. Subject to final regulatory approvals, the first product destined for Beingmate's Chinese customers is expected to roll off the D...

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