State-owned Pāmu invests in $32M specialty milk dryer, targeting sheep milk products

Sun, 04 Nov 2018

By Pattrick Smellie Nov. 5 (BusinessDesk) - State-owned farmer Pāmu is taking a 35 percent stake in a $32 million specialist spray drying facility to develop sheep milk and other specialty powders for the Chinese market. The investment reflects both renewed government support for the farming SOE, which was lacking under the previous government, and a desire to ensure that New Zealand capital was invested in the facility, which is being built on land at the Waikato Regional Council-based Waikato Innovation Park. The investment is occurr...

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