Canadian Dairy Manufacturing
Inc. signs new China sales contracts worth $680 Million CDN
The China Trade Mission 2013 objectives
of securing new business for Canadian companies located in Ontario proved to be
extraordinary for Canadian Dairy Manufacturing Inc. (CDM). CDM is constructing a $62 Million new state-of-the-art baby infant
formula plant in Scarborough that will employ 350 new jobs with an anticipated
$500 Million CDN in annual sales. Plant
commissioning is planned for the fourth quarter of this year and securing sales
is a top priority.
This mission provided numerous
benefits for Canadian Dairy Manufacturing Inc. and Ontario:1. CDM signed $680 Million CAD for sales over the next 5 years covering 7 provinces in China
2. CDM met
with numerous China-based distributers during meetings in Shanghai, Nanjing and
Chengdu who cover retailers and
hospitals in the other provinces in China - giving CDM a "national" coverage.
3. Increase Canadian dairy exports from
$227.2 to $810 Million, a $200 million dairy trade surplus4. Turn Ontario’s Agri-food $382.26 deficit with Asia to a $200 million surplus
5. Increase
Dairy profits by $31 Million
6. An
annual economic benefit in Ontario of $334 Million