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Article: American Dairy Signs Contract for New Milk Processing Plant.
- Article from:
- Business Wire
- Article date:
- January 9, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING -- American Dairy, Inc. (PCX:ADY), one of the leading producers and distributors of milk powder and soybean products in China, today announced that it has signed a contract with the Government of Gannan County, in the Heilongjiang Province of China, to build a new milk processing plant. Through this agreement, the Company will receive land, tax incentives and subsidies for building, as well as exclusive processing and distribution rights to local, subsidized liquid milk. Specifically,
--American Dairy will receive 3 million square feet of land from the Government of Gannan County, payment-free for 40 years. The land is located in Heilongjiang, China's ...
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