date:Sep 19, 2012
Chinese infant formula company Synutra has entered into an agreement with Sodiaal, a leading dairy cooperative in France, and its subsidiary, Euroserum, to build a EUR100m drying facility in Carhaix, France.
Synutra plans to invest EUR90m to build the facility, with the majority of funding for this project expected to come from PRC bank loans, while the remaining will be amount will be invested by Sodiaal.
The facility will produce powdered milk and fat-enriched demineralized whey, which will