Unilever and Nestle Vying with Locals in China
Anglo-Dutch Unilever, which has 10% of the market, is said to be spending 150 million yuan to promote its popular Wall's ice cream brand this year. Ken Donaldson, head of Switzerland-based Nestle's ice cream business in China, said his company's investment would also be higher than last year's. But native firms are looking to challenge their foreign competitors.
Beijing Sanyuan Foods Co. Ltd., for instance plans to
enter the domestic market by cooperating with Beijing Allied Faxi Food Co., the local producer of the San Francisco-based Bud's Ice Cream.