date:Jun 21, 2013
cow farms, which ensure stable and high-quality sources.
Another major dairy producer, Yashili International Holdings, will open a new factory in Waikato, New Zealand, with an investment of 1.1 billion yuan, to produce infant formula.
Lin Jinlin, spokesman for Yashili International Holdings Ltd, said quality dairy sources are important.
On Tuesday, China Mengniu Dairy, the country's largest dairy producer, acquired more than 75 percent of Yashili.
Industry analysts expect more mergers in the