The Asian Development Bank (ADB) has signed agreements in Hohhot, Inner Mongolia, with commercial banks to support Inner Mongolia Saikexing Breeding and Biotechnology Group (Saikexing) to expand the domestic supply of milk in China.
Inner Mongolia Yili Industrial Group Co., China’s largest dairy manufacturer by retail sales, has made an $850m bid for Danone-owned Stonyfield Farm, producer of organic and Greek yogurt products.
Food and drink giant Nestle has entered into an agreement to build a 2,000-cow dairy farm in north China’s Inner Mongolia region, according to reports from China.
French dairy giant Danone says it is refocusing its Chinese dairy operations after suspending operations at a yogurt facility in Shanghai, while Nestlé has closed an ice cream facility in the country.
The first FSC-labelled cartons are to be launched onto the Chinese market, said SIG Combibloc as it seeks to raise awareness of sustainability issues in the global economic powerhouse.
