[4 August/ Stuff]

Mataura Valley Milk plans to begin milking in August next year. The company will manufacture infant milk formula mainly for export from its nutrition plant at McNab, near Gore. Manager Bernard May said a focus of management for the next six months was continuing recruitment of supplier shareholders and staff. Mr May said current farmer shareholders are embracing the opportunity of superior returns by supplying milk to a fully integrated nutritional business. The $240 million project will employ 65 full-time employees, and manufacture 30,000 tonnes of infant formula annually. The plant will process 500,000 litres of whole milk daily while producing nutritional products. 80-85 percent of the product produced by the plant will be exported. China Animal Husbandry Group, a subsidiary of a Chinese state-owned enterprise will have a 71.8 percent stake with 20 percent held by Southland farm suppliers and the remainder by BODCO and Mataura directors.