Reconstituted milk: Chinese infant formula market

November 14, 2014, "West Australian" reported that Australia Regal Reinhardt will invest $ 500 million in the production of infant milk formula, targeting the Chinese market. It reported that Reinhardt's Hancock Prospecting will hold 70% of the dairy companies expect the shares, and by the hope that the dairy company with China National Machinery Industry Group to buy in Queensland dairy farm and processing plant construction plans in 2016 and put into production, annual output of 30,000 tons of infant formula. The report also said that it will be possible to sign a cooperation agreement during the G20 summit held in Brisbane. The transaction if they can be reached, will become agricultural projects this year, the second tranche of Reinhardt large-scale investment. In July this year, Hancock exploration company announced plans to pay $ 65 million joint venture with Agri Milne buy two located in Western Australia Kimberley region of a total 470,000 hectares cattle, Reinhardt holds a 50% stake. Source: http: //www.5maidan.com/pc_nnod2090.htm antecedents: http: //www.5maidan.com/