Infant formula market size to reach US$103.75bn by 2026 as innovation drives growth

WORLD – The global infant formula market is anticipated to surpass US$103 billion by 2026 with increasing awareness about their nutritional benefits and rising innovation from manufacturers in the sector seen to drive growth, a […]

Yili posts strong half-year results as its global expansion gains momentum

CHINA – Yili Group, a state-owned Chinese dairy company, posted net profit of RMB 3.8bn (US$505 million) during its first half of 2019, supported by continuous expansion in Southeast Asia. Yili’s global operating revenue grew […]

Yili launches new ice cream products for Southeast Asia

ASIA – Asia’s leading dairy products producer, Yili Group is set to unveil eleven new ice cream products in Southeast Asia as it strives to expand its presence in the market. The new products include […]

Chinese dairy group Yili buys Thai ice cream maker Chomthana

ASIA – Yili Group, state-owned company of dairy industry in China has acquired Chomthana, Thailand’s leading ice cream and frozen foods manufacturer to expand its operations in Southeast Asia. Chomthana, which has more than 37 […]

Yili to upgrade European Innovation Centre to expand economic and scientific sectors

CHINA – Yili, a state-owned company of dairy industry in China, has made plans to upgrade its activities of Yili European Innovation Center with the theme of “Enabling Connecting Globally by Innovation” to expand its […]