Tasmanian producers of fresh produce are set to benefit from a new trade bridge between Hobart and Ningbo, China. Van Milk (sister company of Moon Lake Investments, owner of the former Van Diemen’s Land Company assets in Tasmania) today announced its intention to underwrite weekly freight flights to get its new milk product to market…Full Article: Tasmanian Government Oct 2016

Key Point

  • In early 2017, weekly (non-passenger) air freight shipments of the new VAN Milk brand will be made to Beijing and Ningbo, Zhejiang Province. After one year (~2018), these flights may increase to 2 to 3 times per week.

ChinaAg Comments

  • In February 2016, Australia approved the sale of Van Diemen’s Land (VDL) to Lu Xianfeng. VDL was slated to be sold to Australia’s Tasfood for $180 million, but was eventually withdrawn by New Zealand’s New Plymouth District Council in favor of Lu’s Moon Lake Investments.
  • In mid-November 2015, the Australian government vetoed the sale of S. Kidman and Co., a major cattle operator, on national security grounds. Around the same time, Moon Lake Investments (i.e. Lu Xianfeng, a Chinese businessman) made a successful bid on Van Diemen’s Land Company.
  • In early November 2015, the Melbourne-based Tasfoods Ltd reportedly reached an agreement on acquiring Van Diemen’s Land Company. Tasfoods later sue over its failed acquisition and subsequently received a settlement payout in January 2016.
  • Founded in 1825 and headquartered in Smithton, northwestern Tasmania, Van Diemen’s Land Company (VDL) is a major dairy company that holds approximately 19,000 dairy cows. The company supplies Fonterra, a New Zealand-based dairy company and the world’s leading milk products exporter.

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