#Warrnambool Cheese & Butter Signs Exclusive Agreement to Supply Premium Milk Powders to Mitsubishi Corporation

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Warrnambool Cheese & Butter (WCB) has entered into an exclusive agreement to supply premium milk powders to Mitsubishi Corporation in Japan. The agreement is for an initial term of three years with provisions to extend for further terms.
The specialized premium milk powders provided under the agreement will be used in the manufacture of high quality milk based beverages and other dairy products for the Japanese market.
WCB Chief Executive Officer David Lord said that WCB is delighted to formalize even closer ties with Mitsubishi Corporation.
“WCB has enjoyed a mutually beneficial supply relationship with the Mitsubishi Corporation over the years and we are pleased to continue our association through this agreement,” said Mr. Lord.
“This latest agreement is a direct result of our decision this year to upgrade our skim milk powder drier to enable the production of higher specification powders, and reflects our stated strategy of targeting premium dairy products and customer specific applications.”
The supply agreement came into effect on November 12, 2012 and includes exclusivity commitments by WCB, and annual volume and marketing commitments by Mitsubishi Corporation.
General Manager of the Dairy Foods Unit within the Foods (Product) Division at Mitsubishi Corporation, Yoshitaka Fujimoto, said the two companies shared a commitment to providing high quality products to consumers around the world.
“We look forward to working with WCB in this capacity, and providing high quality, safe and nutritious milk products to our customers in Japan,” Mr. Fujimoto said.
Source: ADPI

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