Mengniu invests big in farm titan

Move highlights domestic dairy industry's shift to pasteurized milk

China Mengniu Dairy Company has invested more than 5 billion yuan ($73.2 million) in Modern Farming Group Co Ltd to manufacture pasteurized milk products and other low-temperature dairy products.

The move underscores the domestic dairy industry's shift to pasteurized milk and other low-temperature dairy products to get ahead of its international competitors.