- Keytone Dairy (KTD) has received its largest follow-on order from repeat customer, Nouriz, for its whole and skim milk powders
- This order is valued at $1,391,000 and is 11.3 times and 1.6 times greater than Nouriz’s first and second orders respectively
- The latest order will be manufactured at Keytone’s New Zealand-based facilities in August this year
- Company shares are up 10.9 per cent this morning, trading for 30.5 cents each
Keytone Dairy Corporation (KTD) has received a significant follow-on order from Nouriz (Shanghai) Fine Food Co for its whole milk and skim milk powders.
This order is valued at $1,391,000 and is 11.3 times and 1.6 times greater than Nouriz’s first and second orders respectively.
“These significant follow-on orders from strategic clients of the business are increasing in both frequency and size,” Keytone CEO Danny Rotman said.
Nouriz orders whole and skim milk powders under its Nouriz private label. Its products are customised and tailored for Chinese consumers and are considered high-quality premium New Zealand nutritional foods and products.
As the orders seem to continue getting bigger and bigger, Keytone claims it has the means and facilities to cater for this.
“With the New Zealand second manufacturing facility online, Keytone is well equipped to service these growing orders from Nouriz and other key strategic clients of the business and will continue to work closely with these clients, growing the product offering and volumes,” Danny added.
The latest orders will be manufactured in the company’s New Zealand-based facilities in August this year.
Company shares are up 10.9 per cent this morning, trading for 30.5 cents each at 10:08 am AEST.