Guangda Group to Expand Milk Supply
Guangda Group plans to set up the 5th dairy farm in Chongqing
in December to boost its milk supply.
Vitasoy Launches Grain Milk
Vitasoy launches grain milk in mainland China, aiming to
expand its business in the grain beverages market – a fast-growing market
segment.
Beingmate Targets Children's Milk Market
On 25 November, Beingmate announces that it will set up a
wholly-owned subsidiary for production and sales of children's milk, aiming to
acquire a share in this growing niche market.
Synutra to Acquire Youthbase
On 21 November, Synutra announces the acquisition of Youthbase,
a Shanghai-based brand with complementary channel positioning.
YST Launches IPO
On 11 November, YST launches a HKD3.9 billion IPO in Hong
Kong, aiming to raise capital for further business expansion.
Meiji Dairies Targets Pasteurised Milk and Yoghurt Market
On 15 November, Meiji Dairies announces its launch of fresh
milk and yoghurt in Eastern China in December, moving on from its formula
market exit.
New Hope Dairy Re-enters Infant Formula Market
New Hope Dairy announces its re-entry to the infant formula
market in early 2014 with a range produced in and imported from New Zealand.
Revised Draft of Food Safety Law Announced
On 29 October, the State Council issues a draft amendment to
the Food Safety Law which is notable for proposing harsher punishments for
violators.
Domestic Dairy Processors Raise Product Prices
Several domestic dairy processors are raising their product
prices this month, suggesting the potential for wider price increases for
domestic dairy products in the near future.
One-child Policy Shift Benefits Infant Formula Industry
China will relax its one-child policy, allowing couples to
have two children if one of the parents is a single child, a move which is
expected to be beneficial for the infant formula industry.
Tingyi and Wakodo to Form JV
Japanese baby food producer Wakodo is establishing a JV with
Tingyi, aiming to expand its business in the Chinese market – with
Dutch-sourced product.
Cheese Market Growth
Cheese imports for 2013 overall are expected to
hit 45,000 tonnes, with Shanghai and Beijing taking the lion's share.
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