JAT 0.60% 84.0¢ jatcorp limited

Ann: Acquisition of 70% of Australian Infant Formula Manufacturer, page-480

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    ViPlus Dairy announce a supply partnership with ASX listed Bellamy’s Australia Limited



    ViPlus Dairy is pleased to announce today a supply partnership with leading organic infant formula and baby food company Bellamy’s Australia. This will allow Bellamy’s to produce a new Bellamy’s branded SAMR approved formulation-series at the ViPlus Dairy (ViPlus) facility in Toora, Victoria.


    The partnership will also significantly increase the production volumes at ViPlus Dairy’s Toora facility for the next three years, which positions the Australian company to commit to further jobs growth and expansion plans for the factory

    In a statement today, CEO of ViPlus Dairy Mr Jon McNaught said: ” ViPlus are delighted to announce this supply partnership with Bellamy’s as it will further underpin the exciting expansion plans the company is embarking on with respect to securing long term employment for more local Gippsland people and secures more volume for our raw materials from our local farmers.’’


    “ViPlus Dairy were one of the first companies in Australia to receive approval under the new SAMR regulations, and distribute their products across 26 Provinces across China.

    ViPlus currently employ over 50 people in the Toora facility in South East Gippsland, as well a further 20 people at its headquarters in Clayton.

    ViPlus Dairy are also embarking on a significant growth strategy across the Middle East and several ASEAN countries. Recently the company received approval for its baby formula brand in the UAE, a first for an Australian Company approved by the Ministry of Health in Dubai. It aims to be exporting to 16 countries by the end of 2019.

    ViPlus Dairy are also embarking on a significant growth strategy across the Middle East and several ASEAN countries. Recently the company received approval for its baby formula brand in the UAE, a first for an Australian Company approved by the Ministry of Health in Dubai. It aims to be exporting to 16 countries by the end of 2019.

    https://viplusdairy.com.au/
    Dongmei Hua owns Viplus and Viplus is supplier of Bal.

    interesting. Im sure someone can join the dots for me why DongMei Hua wants to retain 30% if he/she doesn’t see real potential in Jat, why not sell out and focus on Viplus.
    Last edited by csfoo7721: 09/08/19
 
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