October 08, 2012
Shanghai Pengxin interesting in working with Maori
The chief executive of the firm buying the Crafar farms has told a conference in Auckland that Shanghai Pengxin is interested in working with Maori.
Two Ngati Rereahu land trusts are still in court challenging the sale of the 16 dairy farms, as well as trying to negotiate the purchase of two of the farms that are on their former tribal land.
Lei Jiang told the China business summit that Maori were asset rich with lots of resources, while Shanghai Pengxin has a big distribution network in China.
He says by working together, value added Maori products could reach Chinese customers.
The Shanghai-based firm is also talking to potential partners, including Fonterra, about setting up a plant in the Bay of Plenty near its farms to produce UHT milk and other dairy products for the Chinese market.