Yili looks to Italy for better milk_美文_趣味英语-查字典英语网

Yili looks to Italy for better milk

Earlier this year, Yili allocated 1.1 billion yuan to build up an infant dairy production base in New Zealand, which will make baby formula for the Chinese market.

The company has also entered into a strategic partnership with United States-based Dairy Farmers of America Inc, the largest dairy organization in the US, for collaboration in procuring raw material and managing dairy farms.

Joining forces with foreign peers will reduce the risk of going abroad for Chinese dairy producers, Song said.

Yili's Chief Executive Zhang Jianqiu said at a recent industry conference that the expansion of Chinese dairy producers reflects the diverse consumption demand in China.

The Yili group is also expanding its domestic production capacity, with plans to invest $50 million in China Huishan Dairy Holdings Co to secure its milk supply. The move comes amid government pressure for industry consolidation.

Zhang said milk sources are the key to the quality of the Chinese dairy industry. Since 2007, Yili has invested 8.9 billion yuan to establish standardized dairy farms.

About the broadcaster:

Nelly Min is an editor at China Daily with more than 10 years of experience as a newspaper editor and photographer. She has worked at major newspapers in the U.S., including the Los Angeles Times and the Detroit Free Press. She is also fluent in Korean.