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Shanghai Pengxin Group, a diversified international company founded in 1988, has a strong focus on industry and investment in its core business sectors of agriculture, resources, and healthcare.
As a proponent of the Belt and Road Initiative, the company actively seeks out international opportunities while maintaining steady growth in its domestic operations. With a global presence in America, Africa, and Oceania, Pengxin is committed to being a responsible corporate citizen and contributing to a community of shared future.
In 2012, Milk New Zealand, a subsidiary of Shanghai Pengxin Group, acquired a group of underperforming dairy farms in the central and upper North Island.
Recognizing their potential, Milk New Zealand invested $27 million in capital projects, including new staff housing, re-grassing, upgraded irrigation and effluent systems, and improved infrastructure. This investment not only improved the overall condition of the farms, now known as Tahi farms, but also created job opportunities for local employees.
In 2013, Milk New Zealand expanded its portfolio by acquiring Synlait Farms, now known as Purata farms, in Canterbury and invested an additional $16 million to upgrade the farms.
Through improved management and cost-saving measures, Milk New Zealand has seen a significant increase in productivity and environmental compliance, while also providing job opportunities and supporting local communities.
Milk New Zealand is dedicated to building strong partnerships that benefit the communities in which it operates. One example of this commitment is the partnership formed with Miraka, an iwi-owned business, to supply UHT milk on an exclusive basis, which not only enhances the quality of the products but also creates employment opportunities for locals in the Taupo area.
Additionally, Milk New Zealand sponsors Chinese students to experience the rich culture of New Zealand, including the Māori culture, and contracts with processing plants across New Zealand to manufacture its UHT, fresh milk, and milk powders for export, further strengthening its ties to the local community.
In 2018, Milk New Zealand’s partnership with Alibaba, which saw the e-commerce giant become a strategic investor in Milk New Zealand’s dairy export business unit, has helped build connections to China’s e-commerce market and improve the quality and reputation of New Zealand products. Milk New Zealand’s goal is to add value to the New Zealand primary supply chain by improving the quality and reputation of New Zealand products, providing full supply chain traceability from farm to table for food safety, and continuing to be a trusted consumer brand.
The company aims to build a sustainable business by utilizing its assets in collaboration with appropriate partners, while also supporting people and communities as a good corporate citizen and being accountable as responsible guardians of the land they own.