CAHG’s overseas investment in NZ dairy industry has been unveiled
Author: Editor of this website Time: 2016-07-31 Click rate: 94
On the28th July, 2016, CAHG’s investment in the New Zealand dairy sector has been unveiled by the local media, including the New Zealand Herald, Otago Daily Times, Southland Times etc. CAHG will have a significant investment in Mataura Valley Milk Limited (MVM), in Gore, based in New Zealand's Southland province. MVM is constructing a milk powder manufacturing plant to produce high-end added value milk products. CAHG will have a majority stake in Mataura Valley Milk Limited, which was established in 2008.
This investment is part of CAHG’s larger vision and strategic plan to lead China’s animal husbandry industry and to provide the public with healthy animal related products. This investment is a benchmark for CAHG’s commitment to grow its overseas agricultural resources. This investment will have a very positive impact on the economy of New Zealand, especially Southland as it will create a number of new jobs, grow added value dairy exports for New Zealand and inject “significant income” into the local economy.
CAHG is co-investing alongside New Zealand investors, including prominent Southland farmer and former Mayor of Gore Ian Tulloch and Hamilton-based businessman Gary Mollard. CAHG has the confidence to proceed with the plant with a focus on providing high-quality milk products to customers. Many of these products will be canned and distributed by BODCO, a Hamilton based dairy business with a world class pharmaceutical-grade blending and packaging facility. BODCO is also a minority shareholder in Mataura Valley Milk and is partially owned by CAHG.
CAHG, established in 1982, is a large-scale modern agricultural and animal husbandry state-owned enterprises (“SOE”), with the business of production and operation, trading, research and development, and financing, in the business of production and operation of live stock and poultry breeding, animal-used vaccines, animal-used pharmaceuticals, feeds and feed additives, forage, sustainable farming, dairy products, honey products, pet products, seeds, chemical products, equipments.
