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- Release Date: 16/04/12 13:08
- Summary: GENERAL: ATM: A2 Corp Ltd Enters Nutritional Powders Supply Agreement
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ATM
16/04/2012 11:08
GENERAL
REL: 1108 HRS A2 Corporation Limited
GENERAL: ATM: A2 Corp Ltd Enters Nutritional Powders Supply Agreement
NZAX release
16 April 2012
A2 Corporation Limited Enters Nutritional Powders Supply Agreement
A2 Corporation Limited (A2C) has announced a strategic agreement with Synlait
Milk Limited for the manufacture of a2TM brand nutritional powders (including
milk powders and infant formulas) for A2C.
Under the agreement Synlait Milk will source A2 Milk from accredited
Canterbury dairy farms and manufacture a2TM brand nutritional powders at its
facility in Rakaia (New Zealand).
With supply now secured, A2C will seek to progress discussions with potential
partners to distribute and market a2TM brand nutritional powders.
"This agreement with a highly reputable supplier of nutritional powders is a
key step in our strategic plan to launch a2TM brand infant formula products
into high growth Asian markets, in particular China", says A2C Managing
Director Geoffrey Babidge.
It is estimated that the retail market for infant formula in China and South
East Asia is USD6.0 billion and USD3.0 billion respectively. Furthermore the
market in China is forecasted to grow at an average rate of 12 percent per
annum over the next decade.
For further information contact:
Geoffrey Babidge
Managing Director
A2 Corporation Limited
+61 2 96977008
End CA:00221844 For:ATM Type:GENERAL Time:2012-04-16 11:08:10
