- Australian manufacture, Jatenergy has entered into a 5-year manufacturing and supply agreement with a new customer, Beta A2 Australia Manufacturing
- Under the agreement, Jatenergy will manufacture and supply Beta with Beta’s milk formula products
- The initial order for the first four months has been received and is over $1.8 million.
- Jatenergy is up 13.46 per cent on the Australian Securities Exchange, trading at 5.9¢ apiece at 2:09 pm
Australian manufacture, Jatenergy has entered into a 5-year manufacturing and supply agreement with a new customer, Beta A2 Australia Manufacturing.
Under the agreement, Jatenergy will manufacture and supply Beta with Beta’s milk formula products, Farmers Beta A2, from its ANMA manufacturing facility.
Jatenergy develops and markets a portfolio of in-house branded fast-moving consumer goods (products people buy on a regular basis), focusing on dairy products.
The initial order for the first four months, with the first delivery in February 2020, has been received and is over $1.8 million.
Jatenergy CEO Wilton Yao is delighted that Beta has chosen the company to manufacture its premium product.
“The contract shows that our new ANMA factory is performing as a quality dairy manufacturer to produce premium quality infant formula,” Wilton said.
“We look forward to continuing to expand the manufacturing volumes once our new equipment is installed in February 2020,” he added.
Beta says that its forecasts for the 8 months, commencing June 2020, which orders are over $4.9 million.
Jatenergy is up 13.46 per cent on the Australian Securities Exchange, trading at 5.9¢ apiece at 2:09 pm AEDT.