Meiji, the Japanese food and pharmaceutical firm, has announced plans to invest ¥48 billion ($339 million) in the construction of a new dairy plant in Nakashibetsu, Hokkaido. According to Meiji, the new facility will have an initial production capacity of 430,000 tons of raw milk annually, with the potential to reach 500,000 tons over time. The new 230,000 sq m plant will ultimately replace existing plants in Honbetsu and Nishi …