Shares in Inner Mongolia Yili Industrial Group Co and China Mengniu Dairy Co have soared to all-time highs as the companies hunt aggressively to build up their milk supply chains through foreign acquisitions. With China’s dairy demand forecast to grow 37 percent to $76 billion in five years－overtaking the United States to become the world’s
A batch of baby milk powder was pulled from Hong Kong shelves on Friday [20 October 2017], after the city’s food safety authorities found 66 per cent less niacin in it than stated on the label…Full Article: South China Morning Post Oct 2017 Key Point In October 2017, Hong Kong’s Centre for Food Safety announced
A notice flapping on the entrance of an infant formula store in northern Beijing reads “discount sale and store for rent.” The retailer is trying to empty its shelves, which are mostly stacked with foreign baby formula cans — especially brands that aren’t registered with China’s Food and Drug Administration (CFDA) — before new safety
Chinese dairy giant Inner Mongolia Yili Industrial Group Co plans to acquire Murray Goulburn, Australia’s biggest dairy products company, The Australian newspaper reported Wednesday [20 September 2017]. The proposed bidders include Mengniu Dairy and CR Ng Fung, according to the report…Full Article: The Global Times Sept 2017 Key Point In May 2017, Yili Group attempted
Synlait Milk Limited, the New Zealand Exchange NZX-listed milk processor, announced on Wednesday [16 August 2017] a new supply agreement with China’s New Hope Nutritionals for production of their infant formula brands. The agreement secures a threefold increase from current volumes over the five-year period, said a Synlait statement…Full Article: ECNS.cn Aug 2017 Key Point
Feihe International Inc., a top manufacturer of infant formula in China, is building a manufacturing plant valued 300 million Canadian dollars (234 million U.S. dollars) in Kingston, Canada. Leng Youbin, Chairman of Feihe International Inc. told Xinhua on Tuesday [8 August 2017] in Ottawa that Feihe board decided to invest to set up the plant
Fonterra’s Chinese investment partner Beingmate has forecast a hefty loss of $70 million for the first six months of the year and announced a sell-off of dairy farm assets. The company had earlier forecast a profit. Its shares have fallen 10 per cent and been indefinitely suspended from trading, and charges have been made the
Infant formula and milk powder producer China Feihe Ltd said it plans to make its initial public offering in Hong Kong. The firm did not disclose other details like the size of the planned issue and the date…Full Article: ECNS.cn May 2017 Key Point In 2013, Feihe International (NYSE:ADY) was delisted from the New York
Feihe Dairy – a leading producer and distributer of infant formula, milk powder and soybean products – has had expediential growth in the past year, increasing 80 percent in sales in 2016. Since then, in the first quarter of 2017, the domestic baby formula brand has grown by 34 percent, compared to the same time
Some Chinese dairy producers have seen gross profit margins of their infant formula milk powder products continue to decline due to the impact of foreign brands, high costs and inventory pressures. So, more producers are trying to target healthy products. The two-child policy in China didn’t trigger sales growth of the domestic dairy sectors, which