130-year-old Brownes Dairy sold to Chinese firm.

One of Western Australia’s most recognised household dairy names — the 130-year-old Brownes Dairy — has been sold to a Chinese firm. Brownes chief executive Tony Girgis announced today the private equity group Archer Capital had sold the company to Shanghai Ground Food Tech, who they described as “experienced dairy operators who understand the industry”….

Chinese -owned Alinta energy bids on Vic coal power station Loy Yang B,

The future of another Australian coal-fired power station, Engie’s Loy Yang B, will be decided in the coming week. Street Talk understands Alinta Energy owner Chow Tai Fook Enterprises and Delta Electricity tabled final bids for the brown coal power station in Victoria’s LaTrobe Valley. Brookfield and China Resources were also said to have been in…

Chinese state-owned company in talks with Adani to bankroll mine

For years it has been a mystery where Adani would get the money to build its giant Carmichael coal mine in North Queensland. Now we may have the answer. The ABC has learned that a Chinese state-owned enterprise, China Machinery Engineering Corporation (CMEC), is in negotiations with Adani and its principal engineering and procurement contractor,…

China lifts import ban on Australian beef

CHINA has lifted a three-month ban on beef and lamb processed by a group of Australian abattoirs. In July, suspensions were made on exports from JBS’s Toowoomba and Scone plants, Thomas Food International’s facility at Murray Bridge in South Australia and Northern Co-operative Meat Company’s Casino processor, as well as plants run by Kilcoy Pastoral…

Foreigners in charge of Australia’s dairy destiny: Murray Goulburn sale

THE Australian dairy industry is no longer in charge of its own destiny. ANALYSIS: And the days of the large dairy co-operative are over. If Canada’s Saputo, with an annual turnover of $US8.4 billion last year, is successful in buying Murray Goulburn it would control up to three billion litres of milk in the Australian…

Murray Goulburn sold to Canadian – owned Saputo for $1.3 billion

CANADIAN family dairy company Saputo Inc has won the battle for Victorian-based dairy co-operative Murray Goulburn. Murray Goulburn has announced it has entered into a binding agreement to sell to Saputo Dairy Australia Pty Ltd, the Australian arm of the Canadian dairy giant, for $1.3 billion. The deal is subject to approval from the Foreign…

China buys QLD’s The Real Pet Food Company for $1bn

A Chinese-led consortium has struck a billion-dollar deal to buy a Queensland-based pet food giant to exploit the growth of “pet humanisation” in the United States and ultimately China. The majority owner of The Real Pet Food Company (TRPC), Quadrant Private Equity, has sold its interests to the Beijing-based Hosen Capital, China’s largest agribusiness company…

Lie, cheat, steal . . . and leave: Australia’s $3m visa scam

A corrupt Immigration Department official and her husband helped run a $3 million criminal migration racket that involved making more than 1000 fraudulent visa applications. Fairfax Media can also reveal that Reetika Ajjan and her husband Jeetender were able to flee Australia three days after their home was raided by immigration and federal agents in October 2011…

Kangaroo Island crayfish farm sold to Chinese investors

The investment arm of Chinese government-backed miner, Shandong Geo-mineral, has snapped up the 289 hectare Andermel Marron Farm on Kangaroo Island for more than $1.6 million. Australian marron, a native of south west of Western Australia, is the largest commercially-grown fresh water crayfish. Established in 1997 by John Melbourne, Andermel includes numerous ponds for breeding and growing marron for domestic markets as well as an…

Australia’s largest domestic abattoir to close

Churchill company director Barry Moule said the facility was the largest domestic abattoir in Australia but it had been hit hard by cattle shortages and high prices. Workers became worried when the owners let it be known they were looking for a buyer, possibly Chinese, to acquire the troubled abattoir and upgrade it from Australia’s…

Rise of China’s army of ‘personal shoppers’ could triple in 2 years

Sales by so-called daigous of Australian goods to Chinese consumers, such as baby formula and health products, could easily triple over the next two years, ­according to a key player involved co-ordinating the trade locally. In an interview with The Australian, Sydney-based consultant Livia Wang welcomed last week’s announcement from China’s State Council to extend…