NHG to Build First Ranch in Australia

Authors: Go Chengdu

2014-11-20

“Among the projects in Australia, the New Hope Group focuses on the dairy industry. In particular, the New Hope Dairy, a subsidiary of the NHG, plans to build a large ranch in Victoria State, Australia,”said Liu Yonghao, chairman of the NHG.
Recently, New Hope Group (NHG), a Chengdu-based leading global agribusiness operator in China, revealed that it had determined to invest AUD500 million (approx. RMB2.7billion) in partnering with Australia in the areas of agriculture, animal husbandry and food processing industry.
On November 17, China and Australia signed an agreement on Agricultural and Food Safety 100-Year Partnership of Chinese and Australian Enterprises, known as ASA 100, in Australia.
“Among the projects in Australia, the New Hope Group focuses on the dairy industry. In particular, the New Hope Dairy, a subsidiary of the NHG, plans to build a large ranch in Victoria State, Australia. Australia is rich in natural resources for developing dairy industry. Our Group chose the country to expand our overseas business in the country due to its natural resources and management experience in the filed of dairy products processing,” said Liu Yonghao, chairman of the NHG.
Mr. Liu said at the signing ceremony that the ASA 100 cooperative agreement provides a platform of exchanges between Chinese and Australian companies, and the members under the agreement will share the detailed, reliable investment information to efficiently reduce potential investment risks.

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