New Zealand's Westland Milk Products reports $55.9m profit in 2023, plans $70m investment in lactoferrin plant.
New Zealand's Westland Milk Products has reported a record $55.9m profit for 2023, driven by strong sales of high-value dairy products and commitment to competitive milk prices for farmers. The company plans to invest $70m in a new lactoferrin plant to reduce reliance on traditional revenue sources like infant formula for China and increase focus on higher-value products.
12 months ago
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