Sign up Australia
Proactive Investors - Run By Investors For Investors

Australian Dairy Farms Group to develop facility to export high quality milk

Australian Dairy Farms Group (ASX:AHF) has signed an agreement with its primary Chinese customer, to jointly develop a new processing facility in Victoria.
Australian Dairy Farms Group to develop facility to export high quality milk
Australian Dairy Farms Group to develop facility to export high quality milk

The new specialty milk processing and bottling facility will be built on AHF land and 100% funded by the Chinese customer, Australian Lian He Pty Ltd.
AHF is Australia's first ASX-listed dairy farmer and owns and operates four dairies on six properties.

In April 2016, AHF acquired Camperdown Dairy Company Pty Ltd turning AHF into a vertically integrated milk producer, processors and product distributor in Australia and for export.

The CDC processing plant produces and distributes milk, butter and yoghurt to Victorian Woolworths, Coles and IGA Supermarkets, with the range of products home delivered across Australia.

The joint investment proposal between AHF and Australian Lian is subject to final feasibility sign off by AHF.

The project has the opportunity to position AHF as one of very few milk processors in Australia capable of producing and exporting the high quality fresh milk required for export.

The joint investment entity is proposed to be held 40% by AHF and 60% by Australian Lian.

At the end of the September quarter, the company had cash of $1.8 million.

During the September quarter, AHF achieved sales of $4.84 million.

View full AHF profile View Profile

Australian Dairy Farms Group Timeline

Related Articles

Stargroup's Todd Zani talked at Proactive's CEO Sessions
September 15 2017
Todd Zani presented a Bitcoin solution and growing revenues at Proactive's CEO Sessions.
March 06 2018
PCF has had a strong start to the year with growth in new business and the lending portfolio
Audi car
February 09 2018
"S&U continues to demonstrate its historic ability to produce excellent results and strong, sustainable growth," said chairman Anthony Coombs.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use