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Mengniu Dairy to invest CNY3.5bn to set up farms in China
date:Jun 15, 2012
l dairies and invested CNY30m ($4.73m) to procure quality assurance systems.
After the milk scandal in 2008, in which several dairy companies were implicated for using melamine in milk and infant formula, the Chinese government had passed a regulation in 2009, under which dairy companies should control at least 70% of the raw milk they process.
In response, several dairy companies in China have been seeking to establish their own dairy farms - Bright Dairy Food is planning to build a CNY130m ($2

12/20 09:05