French dairy giant Danone says it is buying Gardians drying plant and Sutton Group's blending and packing plant in Auckland to sustain its exports to China - EPA Photo.
PARIS: French dairy giant Danone on Thursday said it would buy milk powder factories in New Zealand to make up for supplies lost when it ended its supply contract with Fonterra last year.
Its local subsidiary Nutricia will buy Gardians drying plant and Sutton Group's blending and packing plant in Auckland, allowing it to maintain and possibly increase its exports to China.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
