Vinamilk to invest US$3.5 million more in New Zealand

With this, Vinamilk’s total investment in Miraka has risen to more than US$13 million, and its stake there has increased from 19.3% to 22.8%.

Vinamilk began its strategy to invest abroad by cooperating with Miraka to build a milk processing plant in New Zealand.

The plant became operational in August 2011, and reached full capacity production in August 2012.

In 2014, Miraka earned US$164 million in revenue, a year-on-year increase of 51%.

In early 2014, Miraka contributed 51% of the capital to establish the Angkor Dairy Products Company with the aim of building a factory to process milk products for the Cambodian market. It is expected to become operational by the end of 2015.

In late 2013, Vinamilk invested US$7 million to buy a 70% stake in Driftwood Dairy Holding of the US, which specialises in producing milk products, fruit juice and snacks such as bread and cheese.

In the same year, Vinamilk got a license to contribute 100% capital to establish a company in Poland that would operate in the fields of agricultural materials, milk and milk products, and food and beverages.