China's Wahaha May Open Milk Powder Plant In Western Australia
Zong Qinghou, founder and chairman of China's Wahaha Group, reportedly plans to invest over CNY200 million to set up a dairy processing plant in Busselton in Western Australia.
dairy
China's Mengniu Signs Framework Agreement With Danish Dairy Giant
Chinese dairy company Mengniu and Danish dairy giant Arla signed a framework agreement for the implementation of a diary technology cooperation center project.
Nestle Invests CNY180 Million For "Dairy Farmers College" In China
Information from Nestle revealed that the company has invested CNY180 million in the building of a world-class dairy management and training center in Shuangcheng, Heilongjiang province, aiming to provide training to Chinese dairy farmers.
Nestle To Create New Milk Source In Inner Mongolia
The Swiss food and beverage firm Nestle has signed a cooperation agreement with local government of Hulunbeier, Inner Mongolia Autonomous Region, to establish a new milk source zone.
European Dairy Export Company Enters China
Hero Group, a leading European dairy export company, has announced its formal entry into the Chinese infant formula market.
Yili Net Profit Up 42.49% In China
Chinese dairy company Yili announced its performance results for 2011, stating that the company realized total operating revenue of CNY37.451 billion during the reporting period, a year-on-year increase of 26.25%.
China's Mengniu To Increase Gross Margin To 28% In Five Years
Lu Jianjun, vice president of the Chinese dairy company Mengniu, told local media that though the price of raw milk continues to grow, the company's gross margin will also increase year over year.
Mengniu's Chairman Resigns In China
Niu Gensheng, founder of Mengniu, has resigned his position as chairman of the board of directors.
China's Mengniu Gained Net Profit Of CNY1.2 Billion In 2010
Chinese dairy company Mengniu has published its annual financial report for 2010, stating that it achieved operating revenue of CNY30.265 billion and its net profit reached CNY1.237 billion.
China's Mengniu Acquires 51% Stake In Junlebao For CNY470 Million
Chinese dairy giant Mengniu has announced that it has acquired a 51% stake in Junlebao, its competitor in the North China market, for CNY469.2 million.