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Fonterra undeterred by earnings hit as it pushes further into China
date:Mar 27, 2014
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But the farmer-owned co-operative is pushing on with plans to capitalise on increasing dairy demand from China and other countries, where growing middle classes are developing a voracious appetite for cheese, milk formula and other products.

Fonterra has the cash to fund its expansion plans in China after it raised 1.25 billion yuan ($201.53 million) in five-year dim sum bonds in January.

In an interview with Reuters, Fonterra CEO Theo Spierings said plans to build a UHT milk processing

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