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

France’s Danone On the Brink of Selling its Dumex China Unit to Mengniu’s Yashili International Holdings

Danone SA, the French dairy giant, has offloaded its struggling Dumex China unit to a subsidiary of China Mengniu Dairy Co Ltd for 150 million euros ($159 million). The Paris-based company said the sale to Yashili International Holdings Ltd, which is yet to be approved by the relevant authorities and Yashili shareholders, would create “a

Mengniu-Yashili Infant Formula Factory Opens Near Auckland, New Zealand

New Zealand Prime Minister John Key on Friday [6 November 2015] officially opened one of the biggest completed Chinese investments in New Zealand, a state-of-the-art infant formula plant in the village of Pokeno, just south of Auckland. The plant represents an investment of 220 million NZ dollars (145.31 million U.S. dollars) by Yashili New Zealand

Guangdong’s Infant Formula Maker, Yashili International, Announces Profit Losses

Chinese milk powder maker Yashili International Holdings Ltd said on Wednesday [14 January 2015] it expects its 2014 net profit to fall about 40 percent, hit by slowing demand for baby formula and higher marketing and compliance costs. The profit warning by Yashili, owned by China Mengniu Dairy Co and French dairy Danone SA, highlights