Abbott and Fonterra to form strategic alliance for dairy farming in China Abbott and Fonterra Co-operative Group today announced the signing of an agreement to develop a proposed dairy farm hub in China. The strategic alliance is subject to Chinese regulatory approval. Both companies will work with Chinese regulators to obtain necessary approvals through the course of the project's development. If approved, Abbott and Fonterra will form a joint venture to invest a combined $300M into the farm hub, which will contain up to five dairy farms and more than 16,000 dairy milking cattle in production, producing up to 160 million liters of milk annually. Pending regulatory approval, the first farm is expected to be completed and producing milk in the first half of 2017 and the remaining farms will commence production in 2018.