Having exported milk powder to China for some time, the New Zealand dairy co-operative Fonterra has moved into local production with a major investment in one of the country’s leading dairies. Dominique Patton spoke with...
Groupe Danone is joining forces with Chinese market leader China Mengniu Dairy Company in a joint venture to develop China's largest dairy business.
Fonterra Co-operative Group has announced plans to establish a dairy farm in China through its Shijiazhuang SanLu Group, in which Fonterra holds a 43% stake.
American Dairy, a producer of milk powder and soybean products for the Chinese market, has reported a 157% increase in net profit on the back of increased margins and revenue.
The State-owned Assets Supervision and Administration Commission has approved Danone Asia’s acquisition of a further 4.23% stake in the Chinese Bright Dairy & Food Co for CNY179.04m (US$22.38m).
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