China's largest dairy manufacturer China Mengniu Dairy has shrugged off investor concerns over margin pressure, insisting its strategy to ra...
International infant formula manufacturers are adjusting their business practices in China having been found guilty of price fixing. Multina...
WhiteWave Foods and Mengniu Dairy are eyeing growth in the Chinese nutrition sector through a tie-up announced earlier this week. The deal will enable WhiteWave to rapidly build scale in the Chinese market while Mengniu will benefit from a wider product offering. Katy Askew takes a look at the agreement.
The Chinese government has laid out a plan to improve safety standards in the high-profile infant formula sector through a combination of tougher regulation and consolidation. Nevertheless, the question of whether Chinese manufactures can convince consumers of the safety of their products remains. Katy Askew reports.
Chinese dairy giant China Mengniu Dairy Co. just got bigger. It has entered into an agreement that will see it take control of local infant formula maker Yashili. Mengniu is looking to reverse its fortunes in a category in which it has struggled. However, with concerns over food safety remaining high, there is a long road ahead as the company - and the country as a whole - look to build a safe and reliable dairy supply. Katy Askew reports.
Danone is to make another attempt to tap into the booming demand for fresh dairy products in China. The French food group is teaming up with Chinese dairy giant Mengniu, the largest yoghurt producer in the country. However, the two companies' previous attempt as a venture ended after just a year. Can Danone succeed this time? Dean Best reports.
Arla Foods has a sizeable presence in infant nutrition and long-life milk categories in China and the company is now working to develop the long-term potential of cheese in the country. To this end, the European dairy cooperative is opening a cheese innovation facility in Beijing. Senior vice president Frede Juulsen, who is responsible for Arla's business in China, spoke to just-food about the company's plans in the market.
China Mengniu Dairy has reported annual losses of CNY812.8m (US$118m), despite improved sales, after booking a CNY2bn impairment charge on its milk powder products business.
Chinese dairy giant Mengniu has tendered an offer for milk producer China Modern Dairy Holdings in an acquisition the company said would strengthen its control over the raw milk supply chain.
Mengniu's chief executive, Sun Yiping, has stood down amid a number of board-level resignations at the Chinese dairy giant.
Chinese dairy giant Mengniu said its strategy is paying off today (25 August) as it booked higher sales for the first half of the year, although its profits were dented by losses from associates and other items.
Chinese dairy farming company Inner Mongolia Fuyuan Farming Co Ltd - which is part owned by dairy giant Mengniu - plans to take a "majority shareholding" in Australia's Burra Foods.
China's Mengniu Dairy is reportedly eyeing Burra Foods in a deal believed to value the Australian dairy group at more than A$300m (US$228.1m).
Russia this week reportedly ruled out the use of GMOs in its food production, a further stiffening of its position on the issue. In the US, meanwhile, the Obama administration announced plans to halve food waste in 15 years. And, among a series of stories out of France, came news of raids from the country's competition watchdog on compote manufacturers.
Chinese infant formula maker Yashili International Holdings has announced the planned acquisition of Mengniu Dairy Co.'s milk powder business in a HK$1.3bn deal.
US egg-free spread Just Mayo hit the headlines this week after the country's food watchdog said it had broken labelling rules. Among a number of M&A deals, European nutrition bar maker VSI was sold to US group Hearthside Food Solutions and Mengniu Dairy, one of China's largest dairy processors, insisted the prospects for the sector in the country remained strong.
Mengniu Dairy, the Chinese dairy group, has reported an increase in half-year profits despite lower sales amid efforts to reduce costs.
Chinese infant formula maker Yashili International Holdings revealed that full-year profit fell by 43% in 2014 amid declining sales and lower margins.
China Mengniu Dairy has booked a 44% jump in full-year profit as higher sales, portfolio optimisation and efforts to improve efficiency lifted the bottom line.
Danone CEO Emmanuel Faber has defended the French group's investment in Yashili International Holdings in the wake of the Chinese infant formula group's recent profit warning.
Our analysis of the key developments and trends in emerging markets - both within the countries and how local companies are eyeing expansion - attracted your attention in 2014.
The takeover battles for Chiquita Brands International and for Hillshire Brands were among the stories that grabbed your interest in 2014.
Franck Riboud is to step down as CEO of Danone after 18 years at the helm of the French food giant. just-food takes a look at the highs and lows of Riboud's tenure.
Fonterra this week made a significant move to boost its business in China, a market that has been problematic for the world's largest dairy exporter. We analysed the group's latest foray, a venture with infant formula producer Beingmate. Elsewhere, dairy dominated our coverage, with news of Parmalat closing in on an acquisition in Brazil and Emmi's surprise profit warning. Canadian dairy giant Agropur also featured on our interview pages, when CEO Robert Coallier sat down with us to discuss the co-op's recent M&A.
China Mengniu Dairy saw its share price tumble today (28 August), despite posting a jump in first-half sales and profits.
Chinese dairy major China Mengniu Dairy Co. said today (26 March) expects to capitalise on the growth opportunities presented by the consolidation of an expanding domestic sector.
French dairy giant Danone plans to become the second-largest shareholder in China Mengniu Dairy Co., raising its stake from 4% to 9.9% through a rights issue.
Dairy led the headlines in our sector this week. Danone is to sue Fonterra over last year's botulism contamination saga, French dairy giant Lactalis has entered India with the acquisition of local firm Tirumala Milk Products and Saputo has told Warrnambool Cheese and Butter Factory's investors its offer for the Australian dairy processor is final.
Danone announced this week it would take Fonterra to court to recoup damages from last year's botulism recall. In the UK, the country's major grocers announced how they performed over Christmas, with Tesco and Morrisons under pressure. And health campaigners said they are targeting the level of sugar used by the food industry.
WhiteWave Foods and China Mengniu Dairy have formed a joint venture that will enable the US organic and dairy alternatives business to enter the Chinese market.
Investors in China Huishan Dairy Holdings Co. could be left feeling a little sour today (27 September), after the dairy firm's debut on the Hong Kong stock exchange saw shares close down on their IPO price.
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