Mataura Valley Milk to go fully electric

Thu, 30 Sep 2021

The first major asset investment for A2 Milk and China Animal Husbandry Group (CAHG) will be to convert Mataura Valley Milk to full electrification.A2 Milk now owns 75% of MVM while CAHG has retained the other 25%.Late last year, the company announced it would buy the stake for $268.5 million, based on an enterprise value of about $385m. It also expects to invest about $120m over the first two-to-three years.New Zealand's first high-pressure electrode boiler (HPEB) will replace all coal-fired heat processes on the MVM site, making it 100% e...

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