Beijing Sanyuan Foods, Sole Survivor of the 2008 Melamine Scandal, To Purchase Canadian Dairy Company

Beijing Sanyuan Foods Co Ltd, one of China’s leading dairy producers, plans to purchase a majority ownership in Crowley Properties Ltd, a Vancouver-based company making dairy products such as yogurt, cheese, ice cream and butter for about C$19 million ($14.58 million), according to an announcement by Sanyuan. The acquisition was approved by Sanyuan’s board of

Inner Mongolia’s Dairy Giant, Yili Group, Reports US$677 Million in Profits for 2014

Top Chinese dairy company Yili Group reported 30-percent net profit growth in 2014 on Saturday [25 April 2015]. The Shanghai-listed company raked in combined net profits of 4.1 billion yuan (677 million U.S. dollars), according to its annual report. Statistics from China General Chamber of Commerce showed that last year the Inner Mongolia-based company beat