date:Mar 31, 2014
The value of Denmark's dairy giant Arla's stock in China's largest dairy, Mengniu, has risen 65 percent, making Arla's investment of 1.8 billion Danish kroner (around $333.3 million) now worth nearly 3 billion kroner.
We are very pleased, said Fred Juulsen, head of Arla's operations in China, cited by the Danish news paper Jyllands-Posten on Thursday.
China's demand for milk products is soaring due to continued growth of the Chinese middle class, but Mengniu's success has still taken experts