Landcorp won't renew sharemilking contract with Shanghai Pengxin in 2017

Mon, 15 Feb 2016

By Jonathan Underhill Feb. 16 (BusinessDesk) - Landcorp, the state-owned farming company, will end its five-year relationship with Shanghai Pengxin next year, saying it wants to focus on other areas of growth and won't renew its sharemilking contract. Chief executive Steve Carden said that as part of its new strategy, the company is focusing on areas of growth such as its Pamu brands farm products, its investment in a sheep milk JV and wool supply to Danish shoe manufacturer Gleryps. “Landcorp has worked hard with Shanghai Pengxin and...

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