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Bright Food to complete its first foreign acquisition
China’s Bright Dairy &Food says it has finished the company’s first overseas acquisition by purchasing a majority stake in New Zealand milk producer Synlait Milk for about 382 million yuan…
China’s Bright Dairy invests in NZ’s Synlait
China’s Bright Dairy & Food Co is investing $58 million in New Zealand milk producer Synlait, which will use the money to lift exports of milk powder and infant formula…
Bankrupt milk seller Taizinai sells land
The Beijing production base of Hunan Taizinai Group was auctioned off Wednesday. The minimum bid is 40 million yuan ($5 million). Hunan Taizinai Group filed for bankruptcy this April.…
ZhenKungfu serves up problematic pork
ZhenKungfu, the largest Chinese-style fast-food chain in China, was reported Wednesday to have used unsafe pork imported from the overseas markets to serve consumers. “There is no way the problematic…
New dairy products standards meet with int’l standards
China will soon put into effect 66 new national safety standards for dairy products that are completely consistent with international standards, said Chen Rui, a senior official from the Ministry…
Melamine-Tainted Milk Powder Re-appears
Milk powder produced by a dairy factory in China’s Qinghai Province has been found to contain the industrial chemical melamine over 500 times higher than the amount allowed, The Beijing…
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