Chinese Infant Formula Manufacturer to Purchase Vitamin World for USD 28 million

An affiliate of Feihe International Inc, a Chinese maker of dairy products, will acquire Vitamin World Inc out of bankruptcy for about $28 million, after no other bidders submitted offers for the US nutritional supplements seller…Full Article: The Global Times Dec 2017 Key Point In September 2017, New York-based Vitamin World (156 stores) filed for

China’s Ministry of Finance Lowers Import Tariffs on a Variety of Agricultural Products

The Ministry of Finance announced on Friday [24 November 2017] cuts in import tariffs on some consumer products starting from December. The reduction of import tariffs will affect 187 tariff codes, including on food, health supplements, pharmaceuticals, garments and recreational products, and the average rate will drop to 7.7 percent from 17.3 percent, according to

Inner Mongolia’s Mengniu Dairy and Yili Group Vie for Dairy Supremacy

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

Yili Group Looks to Acquire Australia’s Murray Goulburn

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

Bright Dairy’s Synlait to Boost its Supply of Infant Formula to Sichuan’s New Hope Nutritionals

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 Constructing Infant Formula Factory in Ontario to Supply the Mainland

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