China Trade Mission 2013 from Canada

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               surplus

4.           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