date:Mar 28, 2013
d held a stake in Chinese dairy company Sanlu, which collapsed after it was discovered to have added melamine to bulk up its formulas. The New Zealand producer was criticised for failing to blow the whistle sooner and more loudly.
The tainting scandal destroyed consumer trust in Chinese-made milk products, creating opportunities for foreign manufacturers to grab a greater share of the huge market and command a rich premium for their products.
Baby formula consumption has increased 12-fold to a