date:Sep 28, 2012
Arla Foods is looking to expand the capacity of its Arinco milk powder manufacturing plant to meet the increased demand created by its supply agreement with Chinese paediatric nutrition firm Biostime International Holdings.
In June 2012, dairy co-operative Arla entered into a financing and supply agreement with Biostime. Under the 10-year agreement, Arla agreed to supply up to 20,000 tonnes of infant formula per year to the China-based firm from 2015.
The companies agreed to co-finance an inve