Dairy milks its advantage
By Ding Qingfen | China Daily | Updated: 2009-08-27 08:01
Beijing Sanyuan Foods, the only listed dairy producer that avoided being associated with China's milk contamination scandal, is to expand its national network and develop high-end products, the company's executive said.
The company wants a speedy increase in profitability and to shorten the gap with its larger counterparts, including Mengniu and Yili.
The melamine contamination scandal still casts a shadow over the top two dairy players, hitting their sales. In contrast, Sanyuan Foods registered an increase of 138 percent in profits during the first half of this year.
Photo