Refer gregs post;
@edski1 Mataura valley hasn't been profitable because it doesn't have contracts to produce consumer packaged infant formula like Synlait have. Currently Mataura produce infant milk powder in bulk, large 25kg bags. So by having a joint venture with A2, and A2 investing in canning capability, they can begin producing A2 IF in consumer packaging. I'd say thats why the Chinese were keen to get A2 on board as a joint venture.
Ann: Terms agreed - Mataura Valley Milk transaction, page-31
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