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Mengniu Dairy to invest CNY3.5bn to set up farms in China
date:Jun 15, 2012
The farms will feature about 1,000 to 10,000 heads of cattle, and will be located in China's northeast and southern regions, as well as Hebei Province and Inner Mongolia.
This project will enable the company to source milk from its own farms - currently, it sources 82% of the milk from large-scale farms, of which some of them are partly company-owned, while others have exclusive supply contracts.
Mengniu Dairy executive director Bai Ying said that establishing own dairy farms will ensure the qua

12/20 05:34