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Nova to develop a baby formula for VN

Update: December, 17/2014 - 07:52

Nova Group and Ireland-based Kerry Group, a global supplier of infant formula ingredients, sign on December 15 an agreement to develop high-quality affordable milk formula in Europe for the Vietnamese market. — VNS photo

HCM CITY (VNS) — Nova Group and Ireland-based Kerry Group, a global supplier of infant formula ingredients, have signed an agreement to develop high-quality affordable milk formula in Europe for the Vietnamese market.

Nova, which has interests in real estate, veterinary medicines, and food, would invest over US$50 million in developing modern dairy cattle farms in Ireland and product distribution systems, Nguyen Hieu Liem, its vice chairman, said.

The two would also focus on developing a system for tracing product origins - from raw materials to final product — to ensure quality and safety, he said. — VNS

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