Dairy producer secures French milk factory deal
Updated: 2013-04-09 14:21
(Xinhua)
|
||||||||
|
![]() Synutra International Inc has been approved from China's commerce authorities to go ahead with a 100-million-euro ($130 million) investment project in France. [Wu Changqing / Asianewsphoto] |
QINGDAO - Synutra International Inc has been given approval from China's commerce authorities to go ahead with a 100-million-euro ($130 million) investment project that will result in the construction of a milk factory in France.
The company, based in the city of Qingdao in East China's Shandong province, said Tuesday that construction will kick off in France's western Brittany region in September.
Li Ke, general manager of Synutra, said the company expects the factory to start production in the first half of 2015.
As Synutra's first overseas factory, it will supply cheese products to the European market and allow for whey powder to be shipped to China.
Li said Chinese baby formula producers largely depend on imports for whey powder, a crucial ingredient in making formula.
Li said the factory will be built according to European standards and target the global dairy market.
Foreign baby formula off shelves
China to issue new baby formula regulation
Import tariffs lowered to boost consumption
Li Na on Time cover, makes influential 100 list
FBI releases photos of 2 Boston bombings suspects
World's wackiest hairstyles
Sandstorms strike Northwest China
Never-seen photos of Madonna on display
H7N9 outbreak linked to waterfowl migration
Dozens feared dead in Texas plant blast
Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
|
|
|
|
|
|
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
|
|
















