Displaying items by tag: Shanghai Pengxin

Milk New Zealand Holding Ltd, which took over the Crafar Farms, has been lauded as a “great example” of the success of foreign investment in NZ at the NZ China Trade Association (NZCTA) Business Awards.

Your old mate would like to know what happened to all the vocal critics of the new owners of Crafar Farms and where have they all disappeared to?

Shanghai Pengxin's subsidiary Milk New Zealand Holdings won two prizes at the recent BNZ New Zealand Chinese Business Awards.

The future ownership of Lochinver Station near Taupo remains in limbo. The Chinese company Shanghai Pengxin lodged a bid to buy the station last July, seeking approval from the New Zealand Overseas Investment Office (OIO).

CORPORATE FARMER Shanghai Pengxin is not ruling out switching milk supply in the North Island from Fonterra to independent processor Miraka.

A STEADY stream of containers loaded with UHT milk are now leaving the Miraka dairy factory near Taupo heading for the China market.

WHILE FEDERATED Farmers supports positive overseas investment into New Zealand's farming system, it is concerned the potential sale of Lochinver Station to Shanghai Pengxin Group Co Ltd, may not provide sufficient benefit to New Zealand.

Landcorp Farming expects substantial further growth in last year's record dairy production, through the joint venture with Shanghai Pengxin of China and enlargement of established dairy complexes including Wairakei Estate in the central North Island.

A programme of improvements on the Crafar farms will begin as soon Chinese company Shanghai Pengxin can settle on the properties.

The Government has approved the sale of Crafar Farms to Chinese company Shanghai Pengxin.