What Would Synlait Be Worth to Fonterra or a2 Milk?
Speculation of a possible joint move by Fonterra and a2 Milk to buy Synlait raises a much bigger strategic question, says agribusiness expert Dr Nic Lees.
The purpose of the visit was to begin discussions and build on the Memorandum of Understanding (MOU) between Lincoln University and Yili, signed in 2014.
Dr Xiaopeng Huang, deputy director of Yili's Innovation Centre, and Shane Lodge, quality and compliance manager of Oceania Dairy, headed the group.
Talks covered a range of topics, with a particular emphasis on value chains. The visit also included presentations and demonstrations on Lincoln University's 'paddock to plate' research.
"The outcomes from discussions held with key departments within Lincoln were extremely encouraging and revealed that the organisations are very much in tune regarding preferred outcomes from the MOU," says Lincoln University business development manager, Samuel Yu.
"We both share similar ambitions concerning the dual challenge of raising productivity and reducing environmental impacts through precision agri-technologies and on-farm best practice, as well as a shared desire to explore ways to enhance brand value via food safety and the development of new high-nutrition products.
"These topics are very much in the hearts and minds of consumers when they purchase foods; not just in China or New Zealand, but all over the world."
"We're extremely pleased to be working with a world leading food manufacturer such as Yili, and we see it as recognition of Lincoln University's global relevance as an important player in the primary sector," says Yu.
Pan Gang, chairman of Yili Group and the Vice-Chancellor of Lincoln University, Dr Andrew West signed MOU in front of President Xi Jinping of China and Prime Minister John Key, during the President's visit to New Zealand in November 2014.
