国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Yili plans investment in milk powder

(Shanghai Daily)
Updated: 2007-05-01 10:35

Inner Mongolia Yili Industrial Group Co Ltd plans to spend 376.5 million yuan (US$48.9 million) on a project to process milk powder as it aims to keep its leadership in China's dairy industry and stay ahead of its biggest rival, Mengniu Dairy Co Ltd.

Yili, the nation's largest dairy maker in terms of sales last year, said the investment will be spent on fixed assets located in an economic development zone in Hohhot, its home city, in Inner Mongolia, the company said in a statement to the Shanghai Stock Exchange yesterday.

The project will help Yili add another 1,200 tons of processed milk powder daily, part of a plan to boost its competitiveness in the milk powder segment as it faces challenges from Mengniu and Shanghai Bright Dairy & Food Co.

Yili said earlier it will invest 500 million yuan in the same zone to build Asia's biggest manufacturing plant for infant milk powder, with an annual output of 60,000 tons of formula milk powder.

Yili announced these investments after posting a 20 percent gain in its net profit to 109 million yuan in the first three months of this year, following a 17.45 percent growth to 345 million yuan for the whole of last year.

However, the company also noticed that its gap with first runner up Mengniu is being narrowed in terms of sales and profit.
12  

(For more biz stories, please visit Industry Updates)



仪陇县| 安新县| 常熟市| 辰溪县| 类乌齐县| 务川| 巴里| 湾仔区| 博客| 安康市| 长宁县| 方城县| 金门县| 邵武市| 普陀区| 东光县| 克拉玛依市| 恩平市| 济南市| 福州市| 全椒县| 隆化县| 会理县| 石台县| 盐山县| 新宾| 赫章县| 大关县| 吉安市| 长治县| 贵南县| 湛江市| 法库县| 江津市| 昆山市| 盐津县| 富锦市| 弥勒县| 锡林浩特市| 安康市| 连云港市|