Under the agreement, Nature One Dairy will produce an all-Australian-made infant milk formula brand in its Australian manufacturing facility for Sinopharm for China.
Under China’s new policy on infant milk formula, which takes effect January 1, 2018, manufacturers are limited in the number of brands that can be registered in China. The new policy is part of the Chinese government’s measures to introduce and enforce strict food regulations to ensure food safety.
Nick Dimopoulos, CEO of Nature One Dairy, said the company’s aim is to produce a wide range of formulated products to meet the demands of different consumer groups.
Sinopharm produces the infant formula brand Happy Veve.
About Nature One Dairy
Nature One Dairy is a dairy manufacturing company based in Melbourne, Australia producing a range of specialized dairy products designed for every age group ranging from infants to the elderly.
Nature One Dairy’s products are manufactured in a facility that has been specifically designed with infant formula in mind and is certified by the Department of Agriculture and Dairy Food Safety Victoria (DFSV).
China National Pharmaceutical Group Corporation (Sinopharm) is the largest medical and healthcare group under the direct leadership of the State-owned Assets Supervision and Administration Commission of the State Council.
In 2015, the total sales revenue of Sinopharm was more than 270bn RMB ($39.7bn).