CHINA: Yili to Expand Production
Chinese dairy giant Yili Group says it will invest $132 million mainly to expand its production capacity and market presence in northeastern and eastern China.
A recent announcement released by the group's board meeting said that in line with its investment plan for the current fiscal year, Yili Group will build six projects focusing on liquid milk production.
The planned investment projects include a second phase expansion at the Beijing-Tianjin production base in north China, a new production line in Inner Mongolia.
According to the group's 2004 annual report, Yili's products are mainly sold in north and south China.