Meiji Co. to sell local milk and yogurt in China starting in December
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Meiji Co. to sell local milk and yogurt in China starting in December

Posted by | December 2, 2013 |

Japanese confectioner and dairy products maker, Meiji Co., will sell locally produced pasteurized milk and yogurt in China beginning in December, following its recent baby formula pullback from the Chinese market. It is the first time that a foreign dairy company will mass-produce pasteurized milk and yogurt for the Chinese market. According to China Business News, the company will purchase milk from a farm in Hebei province and process it in Suzhou, Jiangsu province. Meiji does not plan to establish a dairy farm in China. Meiji-branded pasteurized milk and yogurt will be priced higher than similar domestic products.

Source: :  http://www.aastocks.com/sc/stocks/analysis/china-hot-topic-content.aspx?id=200000283860&type=21&catg=3

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