I wonder what WHA's long term objective is? I increasingly get the feeling that they are positioning themselves to be a major supplier to other Australian IF brands - such as A2M and Bellamy's. If they can break into the China market successfully in their own right, all well and good, but I get the feeling the JV (which is technically a separate enterprise with it's own newly appointed and very experienced CEO) has it's own plans. Maybe they plan to use their spare capacity to piggyback the brands that have already made it into other markets and are looking to grow, with security of supply?