Fonterra To Invest In Two More Farms In China
Fonterra, a multinational dairy company with its base in New Zealand, has said that it plans to invest in two more dairy farms in China, in order to increase milk supplies to keep up with the current demand.
According to Philip Turner, managing director for Fonterra China, the company has identified several possible sites for the new farms in Hebei Province and will consider partnering on the investment; however the company wants to have full management of the farms.
Each of the new farms is planned to be of similar size to Hangu, with around 35 hectares of land and around 3300 milking cows, creating employment and training opportunities for 350 people in Hebei Province.
Mr Turner said that due diligence was already underway and the aim was to complete the final long-term lease agreement by mid-2010.
He added, “We are confident that with further investment in good technology, people and high quality genetics, we can replicate this model on further farms. This will complement our New Zealand milk supply and help us better meet the needs of our key customers, who are increasingly looking for local sourcing capability.
“It is important that we keep the next two farms in close proximity to Tangshan Fonterra Farm in order to achieve efficiencies in transport, milk supply and Fonterra management.”
The company said that its Tangshan Fonterra Farm is already producing its second generation of China born heifers, following two rounds of calving since the farm was first established. The total herd has grown to nearly 5800 cows, around half of which have been raised from the original imported herd of Friesians.
Todd Meyer, manager at Tangshan Fonterra Farm, claimed saying that the second round of calving was proof that Fonterra has adapted the New Zealand-quality herd to the farming environment in China.
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