Plans for new $200m dairy plant unveiled

State-owned China Animal Husbandry has taken a majority stake in Mataura Valley Milk in exchange for funding construction of a $200 million milk powder manufacturing plant at McNab, near Gore, starting from October. By Jamie Gray.

Danone first-half beats forecasts with improving dairy business

Danone (DANO.PA) reported stronger-than-expected first-half results on Thursday, helped by cost control, price increases and improving sales at its core dairy division in Europe following a revamp of its Danonino and Actimel yoghurt brands. By DOMINIQUE VIDALON