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Bigger Walmart China order for Keytone

By Jim Cornall contact

- Last updated on GMT

The orders received in September 2019 from Walmart China are about 40% of Keytone’s previous full year revenue. Pic: Getty Images/robinimages
The orders received in September 2019 from Walmart China are about 40% of Keytone’s previous full year revenue. Pic: Getty Images/robinimages

Related tags: China, Walmart, Infant formula

Keytone Dairy Corporation Ltd has announced a second, bigger deal with Walmart (China) Investment Co. Ltd.

Earlier this month, Keytone received a first order from Walmart China to manufacture whole and skim milk powder for Sam’s Club West, Inc. (China). 

Within two weeks of receiving the initial order, Keytone has now received a second order for Sam’s Club China private label milk powders, totalling approximately $NZ870,000 (US$547,000).

The combined orders from Walmart China now total approximately $NZ1m (US$629,000).

The value of multiple orders received during September 2019 from Walmart China represents approximately 40% of Keytone’s prior full year revenue, being the 2019 financial year ended March 31, 2019.

Keytone’s CEO, Danny Rotman, said, “We are extremely pleased with the level of demand from Walmart China in such a short time frame. This second order highlights the size of the Walmart China operation, the vast volume of customers it serves in China and the significant opportunity it presents for Keytone.”

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