Dairy Exporter - August 2010
Mary Shelman,
director of Harvard Business School’s agribusiness programme, said by
2015,
China will be home to more premium consumers than Europe, all 400
million of
them. “That’s why food companies are desperate to get into China.”
The $82m
investment by Bright Dairy, China’s third largest dairy company, means
Synlait
will double its revenues in the 2011/12 year and halve its debt. First
concrete
for a $100m expansion is expected to be poured at the Canterbury-based
processor’s Dunsandel site in September.
Fonterra
chairman Sir Henry van der Heyden said participation in the vote on
share
trading was outstanding and unifying for the co-op. More than 7500
Fonterra
farmers voted on capital structure changes on June 30, with almost 90
percent
in favour of the trading among farmers proposal.
Former
Fonterra Shareholders' Council (FSC) chairman Blue Read has confirmed
that he
stepped down when his deputy, Campbell Shearer, announced he wouldn't be
seeking re-election
Fonterra
chairman Sir Henry van der Heyden joined Prime Minister John Key and a
trade
delegation to China and Korea in early July, attending the opening of
the New
Zealand pavilion at the World Expo in Shanghai and meeting government
and
industry officials.
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